Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,025 people, 630 houses or apartments, and a median cost of homes of $238,212, Haverhill real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Haverhill, accounting for 80.56% of the town's housing units. Other types of housing that are prevalent in Haverhill include duplexes, homes converted to apartments or other small apartment buildings ( 7.32%), large apartment complexes or high rise apartments ( 5.63%), and a few mobile homes or trailers ( 4.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Haverhill. Owner-occupied housing accounts for 71.75% of Haverhill's homes, and 72.68% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Haverhill's housing was primarily built during this period, from the '40s through the '60s. A full 47.89% of the town's housing hails from this era. Other housing ages represented in Haverhill include homes built between 1970-1999 ( 43.52%) and housing constructed between 2000 and later ( 8.31%).
Vacant housing appears to be an issue in Haverhill. Fully 11.27% of the housing stock is classified as vacant. Left unchecked, vacant Haverhill homes and apartments can be a drag on the real estate market, holding Haverhill real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Haverhill over the last then years, as home values have seen a decline of 20.90% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Haverhill home appreciation rates at 1.80%, which equates to an annual appreciation rate of 7.39%.
Appreciation rates are so strong in Haverhill that despite a nationwide downturn in the housing market, Haverhill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Haverhill appreciation rates continue to be some of the highest in America, at 9.48%, which is higher than appreciation rates in 92.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Haverhill. Haverhill appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.
Importantly, this makes Haverhill one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Haverhill's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
|$1,164,001 - $1,553,000||0.5|
|$776,001 - $1,164,000||0.2|
|$621,001 - $776,000||0.2|
|$466,001 - $621,000||2.5|
|$311,001 - $466,000||18.7|
|$155,001 - $311,000||47.0|
|$78,001 - $155,000||20.0|
|$0 - $78,000||10.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Haverhill HOMES|
|2000 or Newer||8.3|
|1970 - 1999||43.5|
|1940 - 1969||47.9|
|1939 or Older||0.3|
|TYPE OF Haverhill HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF Haverhill HOMES|
|5 or more bedrooms||5.21|