Braintree, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Braintree Neighborhoods Since 2000




Braintree, 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

Braintree Housing Market Information

With a population of 37,497, 13,706 total housing units (homes and apartments), and a median house value of $445,272, real estate costs in Braintree 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 Braintree, accounting for 61.88% of the city's housing units. Other types of housing that are prevalent in Braintree include large apartment complexes or high rise apartments ( 23.26%), duplexes, homes converted to apartments or other small apartment buildings ( 11.43%), and a few row houses and other attached homes ( 3.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Braintree. Owner-occupied housing accounts for 68.40% of Braintree's homes, and 53.76% 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. Braintree's housing was primarily built during this period, from the '40s through the '60s. A full 36.81% of the city's housing hails from this era. Other housing ages represented in Braintree include homes built before 1939 ( 27.87%) and housing constructed between 1970-1999 ( 23.36%). There's also some housing in Braintree built between 2000 and later ( 11.96%).

Braintree Home Appreciation Rates

Appreciation rates for homes in Braintree have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.35%, which ranks in the top 30% nationwide. This equates to an annual average Braintree house appreciation rate of 1.08%.

Appreciation rates are so strong in Braintree that despite a nationwide downturn in the housing market, Braintree real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Braintree appreciation rates continue to be some of the highest in America, at 6.51%, which is higher than appreciation rates in 77.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Braintree. Braintree appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Braintree's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Braintree differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Braintree - 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 Braintree real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$445,272

Braintree, MA HOME PRICES

Value Range
> $1,214,000 0.7
$911,001 - $1,214,000 1.8
$607,001 - $911,000 17.2
$486,001 - $607,000 19.6
$364,001 - $486,000 37.5
$243,001 - $364,000 18.7
$121,001 - $243,000 2.2
$61,001 - $121,000 0.2
$0 - $61,000 2.1

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
7.56474862299309 31.4102564102564

Number Of Homes And Apartments:
13,706

Braintree 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
69.00% 3.09% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,780 / per month

Homeownership Rate

Homeownership
Owners 68.40
Renters 31.60
Vacant 3.51

Housing Market Details

 

Age of Homes

AGE OF Braintree HOMES
2000 or Newer 12.0
1970 - 1999 23.4
1940 - 1969 36.8
1939 or Older 27.9

Types of Homes

TYPE OF Braintree HOMES
Single-Family 61.9
Townhomes 3.4
Small Apt. Buildings 11.4
Apt. Complexes 23.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Braintree HOMES
No Bedroom 1.17
1 Bedroom 14.04
2 Bedrooms 25.77
3 Bedrooms 35.76
4 Bedrooms 18.00
5 or more bedrooms 5.27