Newton appreciation rates and housing market information

Newton housing market information

With 83,829 people, 32,112 houses or apartments, and a median cost of homes of $748,275, Newton house prices are not only among the most expensive in Massachusetts, Newton 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 Newton, accounting for 55.46% of the city's housing units. Other types of housing that are prevalent in Newton include duplexes, homes converted to apartments, or other small apartment buildings (24.66%), large apartment complexes or high rise apartments (14.93%), and a few row houses and other attached homes (4.93%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Newton. Owner-occupied housing accounts for 67.59% of Newton's homes, and 51.97% have either three or four bedrooms, which is average sized relative to America.

The housing in Newton was primarily built before 1939 (52.78%), making the housing stock in Newton some of the older overall in America, although there is a range of ages of homes in Newton. The next most important Newton housing age is 1940-1969 (31.78%), followed by 1970-1994 (13.15%). There's also some housing in Newton built between 1995 and later (2.29%).

Newton home appreciation rates

Appreciation rates for homes in Newton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.37%, which ranks in the top 30% nationwide. This equates to an annual average Newton house appreciation rate of 9.23%.

Over the last year, Newton appreciation rates have trailed the rest of the nation. In the last twelve months, Newton's appreciation rate has been -1.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newton were at 0.06%, which equates to an annual appreciation rate of 0.24%.

Relative to Massachusetts, our data show that Newton's latest annual appreciation rate is higher than 92% 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 city. Individual neighborhoods within Newton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newton - 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 Newton real estate investment or home purchase decisions.