Bridgewater, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bridgewater, MA Real Estate Data


Bridgewater Housing Market Information

With 27,628 people, 7,803 houses or apartments, and a median cost of homes of $367,997, 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 62.92% of the town's housing units. Other types of housing that are prevalent in Bridgewater include duplexes, homes converted to apartments or other small apartment buildings ( 15.26%), large apartment complexes or high rise apartments ( 13.94%), and a few row houses and other attached homes ( 5.24%).

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 63.22% owning and 36.78% 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 before 1939 ( 18.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.98%). There's also some housing in Bridgewater built between 2000 and later ( 12.24%).

Bridgewater Home Appreciation Rates

Bridgewater's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bridgewater during the period has been just -0.94%, which is lower than 70% of US communities.

Appreciation rates are so strong in Bridgewater that despite a nationwide downturn in the housing market, Bridgewater real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bridgewater appreciation rates continue to be some of the highest in America, at 6.43%, which is higher than appreciation rates in 76.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bridgewater. Bridgewater appreciation rates in the latest quarter were at 1.42%, which equates to an annual appreciation rate of 5.82%.

Relative to Massachusetts, our data show that Bridgewater'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 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:
$367,997

Bridgewater, MA HOME PRICES

Value Range
> $1,141,000 0.5
$856,001 - $1,141,000 0.9
$571,001 - $856,000 7.9
$456,001 - $571,000 13.2
$342,001 - $456,000 33.7
$228,001 - $342,000 29.5
$114,001 - $228,000 10.8
$57,001 - $114,000 0.5
$0 - $57,000 2.3

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
10.8285479901559 49.6794871794872

Number Of Homes And Apartments:
7,803

Rent & Ownership

 

Average Market Rent:
$1,779 / per month

Homeownership Rate

Homeownership
Owners 63.22
Renters 36.78
Vacant 6.66

Housing Market Details

 

Age of Homes

AGE OF Bridgewater HOMES
2000 or Newer 12.2
1970 - 1999 54.4
1940 - 1969 15.0
1939 or Older 18.3

Types of Homes

TYPE OF Bridgewater HOMES
Single-Family 62.9
Townhomes 5.2
Small Apt. Buildings 15.3
Apt. Complexes 13.9
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Bridgewater HOMES
No Bedroom 0.90
1 Bedroom 6.17
2 Bedrooms 29.31
3 Bedrooms 36.30
4 Bedrooms 23.36
5 or more bedrooms 3.96

Bridgewater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
38.76% 1.92% 3 5
* 10 is highest