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Auburn, MA Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Auburn, MA Housing Market Trends

With a population of 16,889, 6,656 total housing units (homes and apartments), and a median house value of $368,312, Auburn real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Auburn homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Auburn, accounting for 76.54% of the town's housing units. Other types of housing that are prevalent in Auburn include duplexes, homes converted to apartments or other small apartment buildings ( 8.29%), large apartment complexes or high rise apartments ( 6.25%), and a few mobile homes or trailers ( 4.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Auburn. Owner-occupied housing accounts for 85.84% of Auburn's homes, and 60.09% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Auburn's housing was primarily built during this period, from the '40s through the '60s. A full 41.53% of the town's housing hails from this era. Other housing ages represented in Auburn include homes built between 1970-1999 ( 28.37%) and housing constructed before 1939 ( 22.63%). There's also some housing in Auburn built between 2000 and later ( 7.47%).

Auburn Home Appreciation Rates

Appreciation rates for homes in Auburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 71.89%, which ranks in the top 50% nationwide. This equates to an annual average Auburn house appreciation rate of 5.57%.

Over the last year, Auburn appreciation rates have trailed the rest of the nation. In the last twelve months, Auburn's appreciation rate has been 10.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Auburn were at 1.33%, which equates to an annual appreciation rate of 5.45%.

Notably, Auburn's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Massachusetts, our data show that Auburn'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 town. Individual neighborhoods within Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - 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 Auburn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$368,312

Auburn, MA HOME PRICES

> $1,357,000
$1,018,001 - $1,357,000
$678,001 - $1,018,000
$543,001 - $678,000
$407,001 - $543,000
$272,001 - $407,000
$136,001 - $272,000
$68,001 - $136,000
$0 - $68,000
0.8%
0.8%
0.5%
0.5%
4.6%
4.6%
7.2%
7.2%
25.1%
25.1%
42.7%
42.7%
14.1%
14.1%
2.4%
2.4%
2.6%
2.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for MA

Value Relative To Nation

Number Of Homes And Apartments:
6,656

Auburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
111.49% 3.39%
5
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,672 / per month

Homeownership Rate

Owners
Renters
Vacant
85.8%
85.8%
14.2%
14.2%
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.5%
7.5%
28.4%
28.4%
41.5%
41.5%
22.6%
22.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.5%
76.5%
4.2%
4.2%
8.3%
8.3%
6.2%
6.2%
4.7%
4.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
8.2%
8.2%
26.5%
26.5%
45.9%
45.9%
14.2%
14.2%
4.2%
4.2%
0.0% 100.0%
% OF HOMES