Acton appreciation rates and housing market information
Acton housing market information
With a population of 22,144, 8,187 total housing units (homes and apartments), and a median house value of $472,704, Acton house prices are not only among the most expensive in Massachusetts, Acton real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Acton, accounting for 59.57% of the town's housing units. Other types of housing that are prevalent in Acton include large apartment complexes or high rise apartments (26.39%), row houses and other attached homes (8.30%), and a few duplexes, homes converted to apartments or other small apartment buildings (5.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Acton. Owner-occupied housing accounts for 79.11% of Acton's homes, and 59.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Acton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Acton built between 1940-1969 (39.48%). A lesser amount of the housing stock also hails from before 1939 (9.00%). There's also some housing in Acton built between 2000 and later (8.79%).
Acton home appreciation rates
Appreciation rates for homes in Acton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.92%, which ranks in the top 40% nationwide. This equates to an annual average Acton house appreciation rate of 0.76%.
Appreciation rates are so strong in Acton that despite a nationwide downturn in the housing market, Acton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Acton appreciation rates continue to be some of the highest in America, at 3.14%, which is higher than appreciation rates in 76.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Acton. Acton appreciation rates in the latest quarter were at 1.33%, which equates to an annual appreciation rate of 5.42%.
Relative to Massachusetts, our data show that Acton's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Acton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Acton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Acton real estate investment or home purchase decisions.