Billerica, MA

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Billerica, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Billerica Housing Market Information

With 43,962 people, 14,474 houses or apartments, and a median cost of homes of $460,159, real estate costs in Billerica 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 Billerica, accounting for 74.22% of the town's housing units. Other types of housing that are prevalent in Billerica include large apartment complexes or high rise apartments ( 13.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.84%), and a few row houses and other attached homes ( 3.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Billerica. Owner-occupied housing accounts for 78.31% of Billerica's homes, and 66.56% 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. Billerica's housing was primarily built during this period, from the '40s through the '60s. A full 38.37% of the town's housing hails from this era. Other housing ages represented in Billerica include homes built between 1970-1999 ( 38.15%) and housing constructed between 2000 and later ( 12.25%). There's also some housing in Billerica built before 1939 ( 11.23%).

Billerica Home Appreciation Rates

In the last 10 years, Billerica has experienced some of the highest home appreciation rates of any community in the nation. Billerica real estate appreciated 30.69% over the last ten years, which is an average annual home appreciation rate of 2.71%, putting Billerica in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Billerica definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Billerica's appreciation rate, at 4.91%, has been at or slightly above the national average. In the latest quarter, Billerica's appreciation rate has been 0.99%, which annualizes to a rate of 4.01%.

Relative to Massachusetts, our data show that Billerica's latest annual appreciation rate is higher than 60% 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 Billerica differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Billerica - 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 Billerica real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,227,000 0.4
$920,001 - $1,227,000 1.0
$613,001 - $920,000 10.9
$491,001 - $613,000 26.3
$368,001 - $491,000 39.9
$245,001 - $368,000 14.8
$123,001 - $245,000 3.1
$61,001 - $123,000 0.6
$0 - $61,000 2.9

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
8.37372262773723 37.8205128205128

Number Of Homes And Apartments:

Billerica Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
74.99% 2.95%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,213 / per month

Homeownership Rate

Owners 78.31
Renters 21.69
Vacant 3.34

Housing Market Details


Age of Homes

AGE OF Billerica HOMES
2000 or Newer 12.3
1970 - 1999 38.1
1940 - 1969 38.4
1939 or Older 11.2

Types of Homes

Single-Family 74.2
Townhomes 3.8
Small Apt. Buildings 6.8
Apt. Complexes 13.8
Mobile Homes 1.3
Other 0.0

Home Size

No Bedroom 1.17
1 Bedroom 6.19
2 Bedrooms 22.12
3 Bedrooms 43.53
4 Bedrooms 23.03
5 or more bedrooms 3.97