Why You Should Consider Investing in Brookings, OR Real Estate

If you’re considering a move and you’re looking for a great place to live, you probably share the same concerns as most people who are considering their options. The area must have a high livability score, which means a stable housing and job market, good schools, safe neighborhoods and access to medical services. These are the basics that most people ready to invest in real estate cover when doing their research on the best place to live. Another consideration is interesting amenities including things to do, access to shopping, outdoor recreation, and entertainment venues. Brookings Oregon is an area that excels in each of these categories and here are a few reasons why you should consider investing in Brookings, OR real estate.

The crime rate is low

Brookings is a small community for people who enjoy getting away from cities with high crime rates. According to recent statistics, the crime rate in this town is 83% lower than that of other cities in Oregon and 71% lower than the national average. This figure is based on annual crime reports and comparisons. Brookings gets an A+ for its safety ratings, making it attractive for people who are tired of thefts, burglaries, and violent crimes.

Public Education

The public education system in Brookings includes 4 public schools and 2 private schools. The teacher to student ratio on average is 22 students per class with 89% of the residents in the area completing at least 8th grade, 87.7% have completed high school and 25.3% have gone on to complete their bachelor’s degrees and 3.2% have earned their doctorate degrees.

The Housing Market

The median cost of a home in Brookings is $264,000 with the average home value index set at $315,209. There is an average household size of 2.1 persons per home with 47% of the population owning their homes and 53% renting. The average monthly rental cost is $960 per month. Homes have an average annual appreciation rate of .81% with a 5-year average appreciation rate of 5.33%.

Employment statistics for Brookings

The average annual income for residents who own their homes in Brookings is $51,086 with that of those who rent at $36,031. The poverty level in the area is remarkably low at just 10.7% as compared with the national average for most cities at 15.1%. The unemployment rate is also low at just 3.7% when the rests of the national averages a 4.7% rate of unemployment. The majority of the people who live in Brookings are employed if they choose to be, meaning that there are jobs available in the area.

The cost of living in the area

Living in Brookings, Oregon is approximately 2% higher than in other cities in Oregon. The extra cost is a small tradeoff for the peace, quiet and safety that the area affords. The cost of retail goods when compared with averages for the rest of the nation is 33% higher with groceries less expensive at a 13% higher average, healthcare at 5% higher and utilities at about 10% higher than the national average. These are the costs that are associated with living in this beautiful region of the Pacific Northwest. In general, the cost of living in Brookings is close to what you would expect to spend in any other area of Oregon.

Amenities in Brookings, Oregon

There are plenty of amenities in Brookings for a small town. There are three establishments for shopping, two places to shop for groceries and 11 businesses that offer food and drink which range from fast food to restaurants suitable for indoor dining. There are a total of 11 schools that range from different grade levels in both the public and private categories and one library where books and other literature can be obtained if you enjoy reading. The area doesn’t offer much when it comes to night time entertainment and most residents don’t mind driving to a larger city such as Portland to enjoy a night out on the town. This sacrifice for many is made up for with the peace and quiet that the town has to offer. There is 1 public transit option along with two fitness centers and the main focus for recreation for Brookings lies in its parks and outdoor venues which number 14. It’s a haven for coffee lovers with 6 coffee shops in the area.

Brookings Oregon is an ideal place to invest in real estate for anyone who is interested in living in a quiet neighborhood where crime rates are low and the streets are safer than most other areas. There are several national and municipal parks in the area which are open to the public for use.

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