Charlton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Charlton, 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

Charlton Housing Market Information

With a population of 13,406, 4,744 total housing units (homes and apartments), and a median house value of $334,427, real estate costs in Charlton 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 Charlton, accounting for 77.75% of the town's housing units. Other types of housing that are prevalent in Charlton include large apartment complexes or high rise apartments ( 10.69%), duplexes, homes converted to apartments or other small apartment buildings ( 7.19%), and a few row houses and other attached homes ( 4.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Charlton. Owner-occupied housing accounts for 79.24% of Charlton's homes, and 64.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Charlton 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 Charlton built between 2000 and later ( 19.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.69%). There's also some housing in Charlton built before 1939 ( 7.67%).

Charlton Home Appreciation Rates

Charlton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Charlton during the period has been just -1.18%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Charlton's appreciation rate, at 4.47%, has been at or slightly above the national average. In the latest quarter, Charlton's appreciation rate has been 0.33%, which annualizes to a rate of 1.33%.

Relative to Massachusetts, our data show that Charlton's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$334,427

Charlton, MA HOME PRICES

Value Range
> $1,109,000 1.7
$831,001 - $1,109,000 0.0
$554,001 - $831,000 4.5
$443,001 - $554,000 6.1
$332,001 - $443,000 32.7
$222,001 - $332,000 36.4
$111,001 - $222,000 15.8
$55,001 - $111,000 0.9
$0 - $55,000 2.0

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
13.3716160787531 59.9358974358974

Number Of Homes And Apartments:
4,744

Charlton 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
39.00% 1.93% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,219 / per month

Homeownership Rate

Homeownership
Owners 79.24
Renters 20.76
Vacant 3.44

Housing Market Details

 

Age of Homes

AGE OF Charlton HOMES
2000 or Newer 19.1
1970 - 1999 56.5
1940 - 1969 16.7
1939 or Older 7.7

Types of Homes

TYPE OF Charlton HOMES
Single-Family 77.8
Townhomes 4.4
Small Apt. Buildings 7.2
Apt. Complexes 10.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Charlton HOMES
No Bedroom 0.51
1 Bedroom 10.16
2 Bedrooms 22.37
3 Bedrooms 46.20
4 Bedrooms 18.32
5 or more bedrooms 2.44

Popular Neighborhoods in Charlton

Zip Codes in Charlton, MA