As one would expect in a growing community, 6.1% population growth reported between the 2011 and 2016 census, Brandon has recorded a steady increase in the number and dollar volume of building permits across all sectors of the economy.
Residential construction continues to be strong, with over 2,810 new units constructed in the last decade. Of these newly constructed units, approximately half were multiple family units. From 2012 to 2019 Brandon averaged 284 new dwelling units per year. Despite strong residential growth, Brandon continues to exhibit signs of a community in which the housing demand continues to exceed supply. Brandon’s rental vacancy rate continues to be extremely low, currently hovering around 2.0 percent. Brandon’s average housing price continues to grow and remain strong.
|# of New Residential Units Added||223||319||355||433||348||192||251||274||167||249|
RTM and Mobile Homes are excluded