Agawam, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Agawam Neighborhoods Since 2000




Agawam, 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

Agawam Housing Market Information

With a population of 28,839, 11,488 total housing units (homes and apartments), and a median house value of $247,155, Agawam real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Agawam homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Agawam, accounting for 64.64% of the city's housing units. Other types of housing that are prevalent in Agawam include large apartment complexes or high rise apartments ( 20.62%), duplexes, homes converted to apartments or other small apartment buildings ( 8.28%), and a few row houses and other attached homes ( 6.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Agawam. Owner-occupied housing accounts for 72.46% of Agawam's homes, and 53.94% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Agawam built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Agawam built between 1940-1969 ( 35.63%). A lesser amount of the housing stock also hails from before 1939 ( 12.16%). There's also some housing in Agawam built between 2000 and later ( 5.24%).

Agawam Home Appreciation Rates

Real estate appreciation rates in Agawam's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

NeighborhoodScout's data show that during the latest twelve months, Agawam's appreciation rate, at 4.72%, has been at or slightly above the national average. In the latest quarter, Agawam's appreciation rate has been 1.15%, which annualizes to a rate of 4.66%.

Relative to Massachusetts, our data show that Agawam's latest annual appreciation rate is higher than 50% 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 Agawam differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Agawam - 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 2000, to assist you in making the best Agawam real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$247,155

Agawam, MA HOME PRICES

Value Range
> $1,063,000 0.5
$797,001 - $1,063,000 0.2
$532,001 - $797,000 0.1
$425,001 - $532,000 3.2
$319,001 - $425,000 14.3
$213,001 - $319,000 43.2
$106,001 - $213,000 33.8
$53,001 - $106,000 1.5
$0 - $53,000 3.1

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
22.9872260635181 86.2179487179487

Number Of Homes And Apartments:
11,488

Agawam 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
54.38% 2.55% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,226 / per month

Homeownership Rate

Homeownership
Owners 72.46
Renters 27.54
Vacant 3.58

Housing Market Details

 

Age of Homes

AGE OF Agawam HOMES
2000 or Newer 5.2
1970 - 1999 47.0
1940 - 1969 35.6
1939 or Older 12.2

Types of Homes

TYPE OF Agawam HOMES
Single-Family 64.6
Townhomes 6.0
Small Apt. Buildings 8.3
Apt. Complexes 20.6
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Agawam HOMES
No Bedroom 3.62
1 Bedroom 10.35
2 Bedrooms 28.29
3 Bedrooms 40.10
4 Bedrooms 13.84
5 or more bedrooms 3.79