Bellingham, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bellingham, 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

Bellingham Housing Market Information

With a population of 16,891, 6,196 total housing units (homes and apartments), and a median house value of $344,693, real estate costs in Bellingham 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 Bellingham, accounting for 73.48% of the town's housing units. Other types of housing that are prevalent in Bellingham include duplexes, homes converted to apartments or other small apartment buildings ( 9.56%), large apartment complexes or high rise apartments ( 8.71%), and a few row houses and other attached homes ( 8.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bellingham. Owner-occupied housing accounts for 79.45% of Bellingham's homes, and 64.73% 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. Bellingham's housing was primarily built during this period, from the '40s through the '60s. A full 41.50% of the town's housing hails from this era. Other housing ages represented in Bellingham include homes built between 1970-1999 ( 35.80%) and housing constructed between 2000 and later ( 12.49%). There's also some housing in Bellingham built before 1939 ( 10.21%).

Bellingham Home Appreciation Rates

Bellingham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bellingham during the period has been just -0.95%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bellingham's appreciation rate, at 4.10%, has been at or slightly above the national average. In the latest quarter, Bellingham's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$344,693

Bellingham, MA HOME PRICES

Value Range
> $1,134,000 1.2
$850,001 - $1,134,000 0.0
$567,001 - $850,000 3.8
$454,001 - $567,000 8.9
$340,001 - $454,000 27.3
$227,001 - $340,000 48.1
$113,001 - $227,000 7.3
$57,001 - $113,000 0.9
$0 - $57,000 2.5

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
12.6040079690613 58.0128205128205

Number Of Homes And Apartments:
6,196

Bellingham 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
42.10% 2.06% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,662 / per month

Homeownership Rate

Homeownership
Owners 79.45
Renters 20.55
Vacant 4.19

Housing Market Details

 

Age of Homes

AGE OF Bellingham HOMES
2000 or Newer 12.5
1970 - 1999 35.8
1940 - 1969 41.5
1939 or Older 10.2

Types of Homes

TYPE OF Bellingham HOMES
Single-Family 73.5
Townhomes 8.3
Small Apt. Buildings 9.6
Apt. Complexes 8.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bellingham HOMES
No Bedroom 0.19
1 Bedroom 9.22
2 Bedrooms 21.69
3 Bedrooms 45.15
4 Bedrooms 19.58
5 or more bedrooms 4.18

Popular Neighborhoods in Bellingham

Zip Codes in Bellingham, MA