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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 35,933, 13,271 total housing units (homes and apartments), and a median house value of $576,765, real estate costs in Chelmsford 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 Chelmsford, accounting for 68.46% of the town's housing units. Other types of housing that are prevalent in Chelmsford include large apartment complexes or high rise apartments ( 19.94%), row houses and other attached homes ( 6.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chelmsford. Owner-occupied housing accounts for 82.64% of Chelmsford's homes, and 62.26% 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. Chelmsford's housing was primarily built during this period, from the '40s through the '60s. A full 40.74% of the town's housing hails from this era. Other housing ages represented in Chelmsford include homes built between 1970-1999 ( 35.27%) and housing constructed before 1939 ( 14.78%). There's also some housing in Chelmsford built between 2000 and later ( 9.21%).
Appreciation rates for homes in Chelmsford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 80.61%, which ranks in the top 40% nationwide. This equates to an annual average Chelmsford house appreciation rate of 6.09%.
Over the last year, Chelmsford appreciation rates have trailed the rest of the nation. In the last twelve months, Chelmsford's appreciation rate has been 11.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chelmsford were at 5.00%, which equates to an annual appreciation rate of 21.53%.
Relative to Massachusetts, our data show that Chelmsford's latest annual appreciation rate is higher 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 Chelmsford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chelmsford - 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 Chelmsford real estate investment or home purchase decisions.
Very High for Nation
Average for MA