Agawam, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Agawam, MA Real Estate Data


Agawam Housing Market Information

With 28,839 people, 11,495 houses or apartments, and a median cost of homes of $228,464, 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 65.89% of the city's housing units. Other types of housing that are prevalent in Agawam include large apartment complexes or high rise apartments ( 18.58%), duplexes, homes converted to apartments or other small apartment buildings ( 8.26%), and a few row houses and other attached homes ( 6.68%).

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 73.35% of Agawam's homes, and 56.14% 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 ( 35.53%). A lesser amount of the housing stock also hails from before 1939 ( 13.09%). There's also some housing in Agawam built between 2000 and later ( 4.85%).

Agawam Home Appreciation Rates

Agawam's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Agawam during the period has been just -0.77%, which is lower than 70% of US communities.

Over the last year, Agawam appreciation rates have trailed the rest of the nation. In the last twelve months, Agawam's appreciation rate has been 2.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Agawam were at 2.65%, which equates to an annual appreciation rate of 11.04%.

Importantly, this makes Agawam one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Massachusetts, our data show that Agawam's latest annual appreciation rate is lower than 80% 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:
$228,464

Agawam, MA HOME PRICES

Value Range
> $1,035,000 0.4
$777,001 - $1,035,000 0.2
$517,001 - $777,000 1.2
$414,001 - $517,000 2.8
$310,001 - $414,000 13.7
$207,001 - $310,000 46.7
$104,001 - $207,000 30.6
$52,001 - $104,000 1.4
$0 - $52,000 2.9

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
26.8782573051473 90.3846153846154

Number Of Homes And Apartments:
11,495

Rent & Ownership

 

Average Market Rent:
$1,126 / per month

Homeownership Rate

Homeownership
Owners 73.35
Renters 26.65
Vacant 4.13

Housing Market Details

 

Age of Homes

AGE OF Agawam HOMES
2000 or Newer 4.9
1970 - 1999 46.5
1940 - 1969 35.5
1939 or Older 13.1

Types of Homes

TYPE OF Agawam HOMES
Single-Family 65.9
Townhomes 6.7
Small Apt. Buildings 8.3
Apt. Complexes 18.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Agawam HOMES
No Bedroom 3.37
1 Bedroom 9.15
2 Bedrooms 28.24
3 Bedrooms 42.13
4 Bedrooms 14.01
5 or more bedrooms 3.10

Agawam Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
52.27% 2.50% 6 6
* 10 is highest