Chatham, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chatham, 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

Chatham Housing Market Information

With a population of 6,143, 2,816 total housing units (homes and apartments), and a median house value of $664,335, Chatham house prices are not only among the most expensive in Massachusetts, Chatham real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Chatham, accounting for 87.86% of the town's housing units. Other types of housing that are prevalent in Chatham include duplexes, homes converted to apartments or other small apartment buildings ( 5.65%), large apartment complexes or high rise apartments ( 3.91%), and a few row houses and other attached homes ( 2.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chatham. Owner-occupied housing accounts for 79.54% of Chatham's homes, and 60.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chatham 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 Chatham built between 1940-1969 ( 35.36%). A lesser amount of the housing stock also hails from before 1939 ( 15.70%). There's also some housing in Chatham built between 2000 and later ( 10.84%).

A decent proportion of the Chatham housing stock is seasonally occupied. That is, homes and condos in Chatham are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Chatham housing market speaks to its popularity as a vacation location of choice.

Chatham Home Appreciation Rates

Real estate appreciation rates in Chatham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.03% during the period.

Over the last year, Chatham appreciation rates have trailed the rest of the nation. In the last twelve months, Chatham's appreciation rate has been 1.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chatham were at 0.10%, which equates to an annual appreciation rate of 0.41%.

Relative to Massachusetts, our data show that Chatham's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$664,335

Chatham, MA HOME PRICES

Value Range
> $1,087,000 19.7
$815,001 - $1,087,000 9.6
$543,001 - $815,000 26.7
$435,001 - $543,000 20.9
$326,001 - $435,000 11.7
$217,001 - $326,000 8.9
$109,001 - $217,000 0.8
$54,001 - $109,000 1.0
$0 - $54,000 0.7

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
3.00597679596859 10.2564102564103

Number Of Homes And Apartments:
2,816

Chatham 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
81.60% 3.52% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,605 / per month

Homeownership Rate

Homeownership
Owners 79.54
Renters 20.46
Vacant 60.44

Housing Market Details

 

Age of Homes

AGE OF Chatham HOMES
2000 or Newer 10.8
1970 - 1999 38.1
1940 - 1969 35.4
1939 or Older 15.7

Types of Homes

TYPE OF Chatham HOMES
Single-Family 87.9
Townhomes 2.5
Small Apt. Buildings 5.6
Apt. Complexes 3.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Chatham HOMES
No Bedroom 0.51
1 Bedroom 9.75
2 Bedrooms 24.36
3 Bedrooms 39.84
4 Bedrooms 20.73
5 or more bedrooms 4.82

Popular Neighborhoods in Chatham

Zip Codes in Chatham, MA