Quincy appreciation rates and housing market information

Quincy housing market information

With 88,025 people, 40,093 houses or apartments, and a median cost of homes of $363,616, real estate costs in Quincy are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

single-family detached homes are the single most common housing type in Quincy, accounting for 35.61% of the city's housing units. Other types of housing that are prevalent in Quincy include large apartment complexes or high rise apartments (34.03%), duplexes, homes converted to apartments, or other small apartment buildings (27.03%), and a few row houses and other attached homes (3.19%).

People in Quincy primarily live in small (one, two, or no bedroom) single-family detached homes. Quincy has a mixture of owner-occupied and renter-occupied housing.

The housing in Quincy was primarily built before 1939 (41.54%), making the housing stock in Quincy some of the older overall in America, although there is a range of ages of homes in Quincy. The next most important Quincy housing age is 1940-1969 (30.26%), followed by 1970-1994 (25.91%). There's also some housing in Quincy built between 1995 and later (2.29%).

Quincy home appreciation rates

Appreciation rates for homes in Quincy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 79.67%, which ranks in the top 40% nationwide. This equates to an annual average Quincy house appreciation rate of 7.96%.

Over the last year, Quincy appreciation rates have trailed the rest of the nation. In the last twelve months, Quincy's appreciation rate has been -5.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Quincy were at -0.70%, which equates to an annual appreciation rate of -2.80%.

Notably, Quincy's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Massachusetts, our data show that Quincy's latest annual appreciation rate is higher than 41% 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 Quincy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Quincy - 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 Quincy real estate investment or home purchase decisions.