Abington, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Abington, MA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Abington Housing Market Information

With a population of 16,227, 6,035 total housing units (homes and apartments), and a median house value of $350,278, real estate costs in Abington 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 Abington, accounting for 57.25% of the town's housing units. Other types of housing that are prevalent in Abington include large apartment complexes or high rise apartments ( 21.40%), duplexes, homes converted to apartments or other small apartment buildings ( 13.83%), and a few row houses and other attached homes ( 7.51%).

Dwellings in Abington tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 48.48% of the homes in Abington have two or fewer bedrooms.

The housing in Abington was primarily built before 1939 ( 30.09%), making the housing stock in Abington some of the oldest overall in America, although there is a range of ages of homes in Abington. The next most important housing age is between 1970-1999 ( 28.89%), followed by between 1940-1969 ( 27.18%). There's also some housing in Abington built between 2000 and later ( 13.84%).

Abington Home Appreciation Rates

Abington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Abington during the period has been just -1.00%, which is lower than 70% of US communities.

Appreciation rates are so strong in Abington that despite a nationwide downturn in the housing market, Abington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Abington appreciation rates continue to be some of the highest in America, at 5.61%, which is higher than appreciation rates in 70.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Abington. Abington appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Abington's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$350,278

Abington, MA HOME PRICES

Value Range
> $1,150,000 0.3
$862,001 - $1,150,000 0.3
$575,001 - $862,000 6.3
$460,001 - $575,000 10.0
$345,001 - $460,000 34.7
$230,001 - $345,000 36.4
$115,001 - $230,000 7.6
$57,001 - $115,000 0.4
$0 - $57,000 4.0

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
12.1762568850346 56.4102564102564

Number Of Homes And Apartments:
6,035

Abington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
44.37% 2.15% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,602 / per month

Homeownership Rate

Homeownership
Owners 68.84
Renters 31.16
Vacant 4.74

Housing Market Details

 

Age of Homes

AGE OF Abington HOMES
2000 or Newer 13.8
1970 - 1999 28.9
1940 - 1969 27.2
1939 or Older 30.1

Types of Homes

TYPE OF Abington HOMES
Single-Family 57.3
Townhomes 7.5
Small Apt. Buildings 13.8
Apt. Complexes 21.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Abington HOMES
No Bedroom 0.74
1 Bedroom 13.37
2 Bedrooms 34.36
3 Bedrooms 33.21
4 Bedrooms 14.98
5 or more bedrooms 3.33

Popular Neighborhoods in Abington

Zip Codes in Abington, MA