Dennis, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dennis, 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

Dennis Housing Market Information

With 14,005 people, 6,809 houses or apartments, and a median cost of homes of $449,432, real estate costs in Dennis 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 Dennis, accounting for 82.56% of the town's housing units. Other types of housing that are prevalent in Dennis include large apartment complexes or high rise apartments ( 8.44%), duplexes, homes converted to apartments or other small apartment buildings ( 6.06%), and a few row houses and other attached homes ( 1.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dennis. Owner-occupied housing accounts for 79.25% of Dennis's homes, and 55.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Dennis 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 Dennis built between 1940-1969 ( 40.75%). A lesser amount of the housing stock also hails from before 1939 ( 11.96%). There's also some housing in Dennis built between 2000 and later ( 4.50%).

A decent proportion of the Dennis housing stock is seasonally occupied. That is, homes and condos in Dennis 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 Dennis housing market speaks to its popularity as a vacation location of choice.

Dennis Home Appreciation Rates

Real estate appreciation rates in Dennis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

NeighborhoodScout's data show that during the latest twelve months, Dennis's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Dennis's appreciation rate has been 0.10%, which annualizes to a rate of 0.41%.

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

Average Home Values

 

Median Home Value:
$449,432

Dennis, MA HOME PRICES

Value Range
> $1,112,000 3.1
$834,001 - $1,112,000 5.4
$556,001 - $834,000 17.5
$445,001 - $556,000 12.1
$334,001 - $445,000 24.0
$222,001 - $334,000 26.4
$111,001 - $222,000 9.0
$56,001 - $111,000 1.4
$0 - $56,000 1.0

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
7.44169694128677 30.7692307692308

Number Of Homes And Apartments:
6,809

Dennis 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
76.67% 3.35% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,279 / per month

Homeownership Rate

Homeownership
Owners 79.25
Renters 20.75
Vacant 57.55

Housing Market Details

 

Age of Homes

AGE OF Dennis HOMES
2000 or Newer 4.5
1970 - 1999 42.8
1940 - 1969 40.8
1939 or Older 12.0

Types of Homes

TYPE OF Dennis HOMES
Single-Family 82.6
Townhomes 1.7
Small Apt. Buildings 6.1
Apt. Complexes 8.4
Mobile Homes 1.2
Other 0.1

Home Size

SIZE OF Dennis HOMES
No Bedroom 2.14
1 Bedroom 8.17
2 Bedrooms 30.55
3 Bedrooms 41.37
4 Bedrooms 14.13
5 or more bedrooms 3.63

Popular Neighborhoods in Dennis

Zip Codes in Dennis, MA