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 40,079, 8,955 total housing units (homes and apartments), and a median house value of $393,625, real estate costs in Amherst 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 Amherst, accounting for 42.54% of the town's housing units. Other types of housing that are prevalent in Amherst include large apartment complexes or high rise apartments ( 35.78%), duplexes, homes converted to apartments or other small apartment buildings ( 16.28%), and a few row houses and other attached homes ( 5.41%).
Renters dominate Amherst's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Amherst 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 Amherst built between 1940-1969 ( 24.19%). A lesser amount of the housing stock also hails from before 1939 ( 23.76%). There's also some housing in Amherst built between 2000 and later ( 5.38%).
Real estate appreciation rates in Amherst's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.12% during the period.
Appreciation rates are so strong in Amherst that despite a nationwide downturn in the housing market, Amherst real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Amherst appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 73.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Amherst. Amherst appreciation rates in the latest quarter were at 3.36%, which equates to an annual appreciation rate of 14.12%.
Importantly, this makes Amherst 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 Massachusetts, our data show that Amherst's latest annual appreciation rate is higher than 60% 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 town. Individual neighborhoods within Amherst differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Amherst - 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 Amherst real estate investment or home purchase decisions.
|$875,001 - $1,166,000||3.3|
|$583,001 - $875,000||11.1|
|$467,001 - $583,000||19.0|
|$350,001 - $467,000||30.7|
|$233,001 - $350,000||26.2|
|$116,001 - $233,000||7.0|
|$58,001 - $116,000||0.4|
|$0 - $58,000||2.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Amherst HOMES|
|2000 or Newer||5.4|
|1970 - 1999||46.7|
|1940 - 1969||24.2|
|1939 or Older||23.8|
|TYPE OF Amherst HOMES|
|Small Apt. Buildings||16.3|
|SIZE OF Amherst HOMES|
|5 or more bedrooms||4.70|