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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bedford, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Bedford, MA Housing Market Trends

With a population of 14,161, 5,601 total housing units (homes and apartments), and a median house value of $988,319, 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 61.32% of the town's housing units. Other types of housing that are prevalent in Bedford include large apartment complexes or high rise apartments ( 20.25%), duplexes, homes converted to apartments or other small apartment buildings ( 9.71%), and a few row houses and other attached homes ( 8.72%).

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 68.72% of Bedford's homes, and 54.54% 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 36.75% of the town's housing hails from this era. Other housing ages represented in Bedford include homes built between 2000 and later ( 27.83%) and housing constructed between 1970-1999 ( 25.98%). There's also some housing in Bedford built before 1939 ( 9.44%).

Bedford Home Appreciation Rates

Bedford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bedford during the period has been just 5.01%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bedford's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Bedford's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

Relative to Massachusetts, our data show that Bedford's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$988,319

Bedford, MA Home Prices
> $1,199,000
$899,001 - $1,199,000
$600,001 - $899,000
$480,001 - $600,000
$360,001 - $480,000
$240,001 - $360,000
$120,001 - $240,000
$60,001 - $120,000
$0 - $60,000
24.3%
24.3%
36.9%
36.9%
26.2%
26.2%
3.1%
3.1%
2.4%
2.4%
2.9%
2.9%
3.4%
3.4%
0.4%
0.4%
0.3%
0.3%
0% 100.0%
% of Homes
Very High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

5,601

Bedford Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,800 / per month

Homeownership Rate

Owners
Renters
68.7%
68.7%
31.3%
31.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.4%
4.4%
95.6%
95.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.8%
27.8%
26.0%
26.0%
36.8%
36.8%
9.4%
9.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.3%
61.3%
8.7%
8.7%
9.7%
9.7%
20.2%
20.2%
0.0%
0.0%
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
1.6%
1.6%
16.4%
16.4%
18.3%
18.3%
25.3%
25.3%
29.2%
29.2%
9.2%
9.2%
0% 100.0%
% of Homes