Amherst, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Amherst, 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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Amherst Housing Market Information

With 40,079 people, 8,955 houses or apartments, and a median cost of homes of $370,849, 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%).

Amherst Home Appreciation Rates

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 0.17% during the period.

Over the last year, Amherst appreciation rates have trailed the rest of the nation. In the last twelve months, Amherst's appreciation rate has been 3.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Amherst were at 0.47%, which equates to an annual appreciation rate of 1.90%.

Relative to Massachusetts, our data show that Amherst'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 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.

Average Home Values

 

Median Home Value:
$370,849

Amherst, MA HOME PRICES

Value Range
> $1,098,918 0.0
$824,209 - $1,098,918 3.3
$549,584 - $824,208 11.1
$439,607 - $549,583 19.0
$329,635 - $439,606 30.7
$219,696 - $329,634 26.2
$109,972 - $219,695 7.0
$54,823 - $109,971 0.4
$0 - $54,822 2.4

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
12.2277372262774 57.0512820512821

Number Of Homes And Apartments:
8,955

Amherst Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
64.34% 2.76%
7
7
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,641 / per month

Homeownership Rate

Homeownership
Owners 25.66
Renters 74.34
Vacant 8.83

Housing Market Details

 

Age of Homes

AGE OF Amherst HOMES
2000 or Newer 5.4
1970 - 1999 46.7
1940 - 1969 24.2
1939 or Older 23.8

Types of Homes

TYPE OF Amherst HOMES
Single-Family 42.5
Townhomes 5.4
Small Apt. Buildings 16.3
Apt. Complexes 35.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Amherst HOMES
No Bedroom 3.45
1 Bedroom 14.15
2 Bedrooms 28.76
3 Bedrooms 25.71
4 Bedrooms 23.22
5 or more bedrooms 4.70