Bridgewater, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Bridgewater, MA Housing Market Trends

With a population of 27,619, 8,133 total housing units (homes and apartments), and a median house value of $442,639, real estate costs in Bridgewater 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 Bridgewater, accounting for 64.67% of the town's housing units. Other types of housing that are prevalent in Bridgewater include large apartment complexes or high rise apartments ( 16.02%), duplexes, homes converted to apartments or other small apartment buildings ( 11.51%), and a few row houses and other attached homes ( 5.81%).

The most prevalent building size and type in Bridgewater are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.45% owning and 40.55% renting.

There is a lot of housing in Bridgewater 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 Bridgewater built between 1940-1969 ( 16.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.59%). There's also some housing in Bridgewater built before 1939 ( 16.47%).

Bridgewater Home Appreciation Rates

Appreciation rates for homes in Bridgewater have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.80%, which ranks in the top 50% nationwide. This equates to an annual average Bridgewater house appreciation rate of 3.84%.

NeighborhoodScout's data show that during the latest twelve months, Bridgewater's appreciation rate, at 8.84%, has been at or slightly above the national average. In the latest quarter, Bridgewater's appreciation rate has been 3.04%, which annualizes to a rate of 12.71%.

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

Average Home Values

 

Median Home Value:
$442,639

Bridgewater, MA HOME PRICES

> $1,240,000
0.4%
0.4%
$930,001 - $1,240,000
1.6%
1.6%
$620,001 - $930,000
9.3%
9.3%
$496,001 - $620,000
23.1%
23.1%
$372,001 - $496,000
35.1%
35.1%
$248,001 - $372,000
22.9%
22.9%
$124,001 - $248,000
6.5%
6.5%
$62,001 - $124,000
0.0%
0.0%
$0 - $62,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for MA

Value Relative To Nation

Number Of Homes And Apartments:
8,133

Bridgewater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
76.02% 2.66%
2
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,033 / per month

Homeownership Rate

Owners
59.5%
59.5%
Renters
40.5%
40.5%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.6%
16.6%
1970 - 1999
50.1%
50.1%
1940 - 1969
16.9%
16.9%
1939 or Older
16.5%
16.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.7%
64.7%
Townhomes
5.8%
5.8%
Small Apt. Buildings
11.5%
11.5%
Apt. Complexes
16.0%
16.0%
Mobile Homes
2.0%
2.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
7.5%
7.5%
2 Bedrooms
24.9%
24.9%
3 Bedrooms
40.5%
40.5%
4 Bedrooms
24.5%
24.5%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES