Bedford, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bedford, MA Real Estate Data


Bedford Housing Market Information

With a population of 14,171, 5,012 total housing units (homes and apartments), and a median house value of $733,466, Bedford house prices are not only among the most expensive in Massachusetts, Bedford real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Bedford, accounting for 65.18% of the town's housing units. Other types of housing that are prevalent in Bedford include large apartment complexes or high rise apartments ( 18.42%), duplexes, homes converted to apartments or other small apartment buildings ( 9.21%), and a few row houses and other attached homes ( 7.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bedford. Owner-occupied housing accounts for 67.90% of Bedford's homes, and 59.41% 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. Bedford's housing was primarily built during this period, from the '40s through the '60s. A full 44.56% of the town's housing hails from this era. Other housing ages represented in Bedford include homes built between 1970-1999 ( 28.05%) and housing constructed between 2000 and later ( 16.87%). There's also some housing in Bedford built before 1939 ( 10.52%).

Bedford Home Appreciation Rates

In the last 10 years, Bedford has experienced some of the highest home appreciation rates of any community in the nation. Bedford real estate appreciated 29.23% over the last ten years, which is an average annual home appreciation rate of 2.60%, putting Bedford in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bedford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bedford that despite a nationwide downturn in the housing market, Bedford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bedford appreciation rates continue to be some of the highest in America, at 7.01%, which is higher than appreciation rates in 84.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bedford. Bedford appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.42%.

Relative to Massachusetts, our data show that Bedford's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$733,466

Bedford, MA HOME PRICES

Value Range
> $1,278,000 6.2
$958,001 - $1,278,000 10.1
$639,001 - $958,000 46.7
$511,001 - $639,000 20.2
$383,001 - $511,000 12.6
$256,001 - $383,000 1.4
$128,001 - $256,000 1.0
$64,001 - $128,000 0.6
$0 - $64,000 1.3

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
2.57070914094982 7.69230769230769

Number Of Homes And Apartments:
5,012

Rent & Ownership

 

Average Market Rent:
$2,224 / per month

Homeownership Rate

Homeownership
Owners 67.90
Renters 32.10
Vacant 5.20

Housing Market Details

 

Age of Homes

AGE OF Bedford HOMES
2000 or Newer 16.9
1970 - 1999 28.0
1940 - 1969 44.6
1939 or Older 10.5

Types of Homes

TYPE OF Bedford HOMES
Single-Family 65.2
Townhomes 7.2
Small Apt. Buildings 9.2
Apt. Complexes 18.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bedford HOMES
No Bedroom 1.68
1 Bedroom 9.27
2 Bedrooms 21.37
3 Bedrooms 32.51
4 Bedrooms 26.90
5 or more bedrooms 8.27

Bedford 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
69.16% 3.14% 9 8
* 10 is highest

Popular Neighborhoods in Bedford

Zip Codes in Bedford, MA