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 a population of 8,187, 3,806 total housing units (homes and apartments), and a median house value of $146,323, Adams real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Adams homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Adams, accounting for 52.26% of the town's housing units. Other types of housing that are prevalent in Adams include duplexes, homes converted to apartments or other small apartment buildings ( 26.20%), large apartment complexes or high rise apartments ( 15.97%), and a few row houses and other attached homes ( 4.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Adams. Owner-occupied housing accounts for 66.72% of Adams's homes, and 51.20% have either three or four bedrooms, which is average sized relative to America.
The housing in Adams was primarily built before 1939 ( 54.47%), making the housing stock in Adams some of the oldest overall in America, although there is a range of ages of homes in Adams. The next most important housing age is between 1940-1969 ( 31.49%), followed by between 1970-1999 ( 11.97%). There's also some housing in Adams built between 2000 and later ( 2.07%).
Vacant housing appears to be an issue in Adams. Fully 11.67% of the housing stock is classified as vacant. Left unchecked, vacant Adams homes and apartments can be a drag on the real estate market, holding Adams 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.
Adams's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Adams during the period has been just -1.26%, which is lower than 70% of US communities.
Over the last year, Adams appreciation rates have trailed the rest of the nation. In the last twelve months, Adams's appreciation rate has been -4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Adams were at -1.88%, which equates to an annual appreciation rate of -7.33%.
Notably, Adams's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Massachusetts, our data show that Adams's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.
|$736,001 - $980,000||0.0|
|$490,001 - $736,000||1.4|
|$392,001 - $490,000||1.7|
|$294,001 - $392,000||3.3|
|$196,001 - $294,000||15.0|
|$98,001 - $196,000||57.9|
|$49,001 - $98,000||13.2|
|$0 - $49,000||6.8|
|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 Adams HOMES|
|2000 or Newer||2.1|
|1970 - 1999||12.0|
|1940 - 1969||31.5|
|1939 or Older||54.5|
|TYPE OF Adams HOMES|
|Small Apt. Buildings||26.2|
|SIZE OF Adams HOMES|
|5 or more bedrooms||3.16|