Dedham, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dedham Neighborhoods Since 2000




Dedham, 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

Dedham Housing Market Information

With 25,397 people, 9,579 houses or apartments, and a median cost of homes of $480,678, real estate costs in Dedham 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 Dedham, accounting for 62.78% of the town's housing units. Other types of housing that are prevalent in Dedham include large apartment complexes or high rise apartments ( 18.02%), duplexes, homes converted to apartments or other small apartment buildings ( 14.92%), and a few row houses and other attached homes ( 4.28%).

The most prevalent building size and type in Dedham are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.74% owning and 35.26% renting.

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. Dedham's housing was primarily built during this period, from the '40s through the '60s. A full 37.86% of the town's housing hails from this era. Other housing ages represented in Dedham include homes built before 1939 ( 30.94%) and housing constructed between 2000 and later ( 18.12%). There's also some housing in Dedham built between 1970-1999 ( 13.07%).

Dedham Home Appreciation Rates

Appreciation rates for homes in Dedham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.10%, which ranks in the top 30% nationwide. This equates to an annual average Dedham house appreciation rate of 1.15%.

Appreciation rates are so strong in Dedham that despite a nationwide downturn in the housing market, Dedham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dedham appreciation rates continue to be some of the highest in America, at 5.59%, which is higher than appreciation rates in 70.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dedham. Dedham appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Dedham'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 Dedham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dedham - 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 Dedham real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$480,678

Dedham, MA HOME PRICES

Value Range
> $1,195,000 4.1
$896,001 - $1,195,000 4.4
$598,001 - $896,000 14.3
$478,001 - $598,000 22.4
$358,001 - $478,000 35.0
$239,001 - $358,000 15.5
$120,001 - $239,000 1.0
$60,001 - $120,000 0.5
$0 - $60,000 2.8

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.45728348763624 25.6410256410256

Number Of Homes And Apartments:
9,579

Dedham 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
62.10% 2.84% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,188 / per month

Homeownership Rate

Homeownership
Owners 64.74
Renters 35.26
Vacant 2.69

Housing Market Details

 

Age of Homes

AGE OF Dedham HOMES
2000 or Newer 18.1
1970 - 1999 13.1
1940 - 1969 37.9
1939 or Older 30.9

Types of Homes

TYPE OF Dedham HOMES
Single-Family 62.8
Townhomes 4.3
Small Apt. Buildings 14.9
Apt. Complexes 18.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dedham HOMES
No Bedroom 2.94
1 Bedroom 10.80
2 Bedrooms 25.78
3 Bedrooms 36.92
4 Bedrooms 16.79
5 or more bedrooms 6.78