Belchertown, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Belchertown Neighborhoods Since 2000




Belchertown, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Belchertown Housing Market Information

With a population of 14,929, 5,716 total housing units (homes and apartments), and a median house value of $243,788, Belchertown real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Belchertown homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Belchertown, accounting for 70.58% of the town's housing units. Other types of housing that are prevalent in Belchertown include duplexes, homes converted to apartments or other small apartment buildings ( 12.02%), large apartment complexes or high rise apartments ( 8.45%), and a few mobile homes or trailers ( 7.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Belchertown. Owner-occupied housing accounts for 77.46% of Belchertown's homes, and 62.19% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Belchertown 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 Belchertown built between 2000 and later ( 18.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.30%). There's also some housing in Belchertown built before 1939 ( 7.92%).

Belchertown Home Appreciation Rates

Real estate appreciation rates in Belchertown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.78% during the period.

NeighborhoodScout's data show that during the latest twelve months, Belchertown's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, Belchertown's appreciation rate has been 1.15%, which annualizes to a rate of 4.66%.

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

Average Home Values

 

Median Home Value:
$243,788

Belchertown, MA HOME PRICES

Value Range
> $1,050,000 0.0
$788,001 - $1,050,000 0.3
$525,001 - $788,000 2.7
$420,001 - $525,000 6.2
$315,001 - $420,000 23.9
$210,001 - $315,000 42.1
$105,001 - $210,000 17.0
$53,001 - $105,000 2.9
$0 - $53,000 4.9

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
23.4442751669987 86.8589743589744

Number Of Homes And Apartments:
5,716

Belchertown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
54.37% 2.55% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,197 / per month

Homeownership Rate

Homeownership
Owners 77.46
Renters 22.54
Vacant 3.64

Housing Market Details

 

Age of Homes

AGE OF Belchertown HOMES
2000 or Newer 18.4
1970 - 1999 57.4
1940 - 1969 16.3
1939 or Older 7.9

Types of Homes

TYPE OF Belchertown HOMES
Single-Family 70.6
Townhomes 1.5
Small Apt. Buildings 12.0
Apt. Complexes 8.4
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF Belchertown HOMES
No Bedroom 1.55
1 Bedroom 6.71
2 Bedrooms 26.89
3 Bedrooms 44.88
4 Bedrooms 17.31
5 or more bedrooms 2.66

Popular Neighborhoods in Belchertown

Zip Codes in Belchertown, MA