Chelmsford, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chelmsford Neighborhoods Since 2000




Chelmsford, 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

Chelmsford Housing Market Information

With a population of 35,149, 13,752 total housing units (homes and apartments), and a median house value of $391,501, 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 66.38% of the town's housing units. Other types of housing that are prevalent in Chelmsford include large apartment complexes or high rise apartments ( 18.28%), row houses and other attached homes ( 7.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.63%).

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 83.14% of Chelmsford's homes, and 58.43% 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 42.51% of the town's housing hails from this era. Other housing ages represented in Chelmsford include homes built between 1970-1999 ( 36.38%) and housing constructed before 1939 ( 13.83%). There's also some housing in Chelmsford built between 2000 and later ( 7.29%).

Chelmsford Home Appreciation Rates

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 4.87%, which ranks in the top 40% nationwide. This equates to an annual average Chelmsford house appreciation rate of 0.48%.

NeighborhoodScout's data show that during the latest twelve months, Chelmsford's appreciation rate, at 4.95%, has been at or slightly above the national average. In the latest quarter, Chelmsford's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Chelmsford's latest annual appreciation rate is higher than 50% 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.

Average Home Values

 

Median Home Value:
$391,501

Chelmsford, MA HOME PRICES

Value Range
> $1,166,000 0.4
$874,001 - $1,166,000 1.5
$582,001 - $874,000 10.0
$466,001 - $582,000 19.9
$350,001 - $466,000 33.8
$233,001 - $350,000 22.7
$116,001 - $233,000 8.0
$58,001 - $116,000 0.9
$0 - $58,000 2.8

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
9.82069612094222 44.2307692307692

Number Of Homes And Apartments:
13,752

Chelmsford 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
48.97% 2.34% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,551 / per month

Homeownership Rate

Homeownership
Owners 83.14
Renters 16.86
Vacant 3.00

Housing Market Details

 

Age of Homes

AGE OF Chelmsford HOMES
2000 or Newer 7.3
1970 - 1999 36.4
1940 - 1969 42.5
1939 or Older 13.8

Types of Homes

TYPE OF Chelmsford HOMES
Single-Family 66.4
Townhomes 8.0
Small Apt. Buildings 5.6
Apt. Complexes 18.3
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Chelmsford HOMES
No Bedroom 1.97
1 Bedroom 8.03
2 Bedrooms 27.62
3 Bedrooms 33.38
4 Bedrooms 25.05
5 or more bedrooms 3.95