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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Dracut, MA Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dracut, MA Housing Market Trends

With a population of 32,060, 12,370 total housing units (homes and apartments), and a median house value of $517,339, real estate costs in Dracut 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 Dracut, accounting for 69.88% of the town's housing units. Other types of housing that are prevalent in Dracut include large apartment complexes or high rise apartments ( 18.42%), duplexes, homes converted to apartments or other small apartment buildings ( 6.81%), and a few row houses and other attached homes ( 4.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dracut. Owner-occupied housing accounts for 80.35% of Dracut's homes, and 59.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Dracut 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 Dracut built between 1940-1969 ( 26.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.39%). There's also some housing in Dracut built before 1939 ( 10.88%).

Dracut Home Appreciation Rates

Appreciation rates for homes in Dracut have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.06%, which ranks in the top 40% nationwide. This equates to an annual average Dracut house appreciation rate of 6.69%.

Over the last year, Dracut appreciation rates have trailed the rest of the nation. In the last twelve months, Dracut's appreciation rate has been 2.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dracut were at 3.73%, which equates to an annual appreciation rate of 15.77%.

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

Average Home Values

Median Home Value

$517,339

Dracut, MA Home Prices
> $1,418,000
$1,064,001 - $1,418,000
$709,001 - $1,064,000
$567,001 - $709,000
$425,001 - $567,000
$284,001 - $425,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
1.2%
1.2%
1.4%
1.4%
17.6%
17.6%
14.9%
14.9%
35.3%
35.3%
18.9%
18.9%
8.3%
8.3%
0.7%
0.7%
1.7%
1.7%
0% 100.0%
% of Homes
Average

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

12,370

Dracut Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,314 / per month

Homeownership Rate

Owners
Renters
Vacant
80.4%
80.4%
19.6%
19.6%
2.5%
2.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.4%
13.4%
48.9%
48.9%
26.9%
26.9%
10.9%
10.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.9%
69.9%
4.8%
4.8%
6.8%
6.8%
18.4%
18.4%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
5.5%
5.5%
28.9%
28.9%
35.6%
35.6%
23.6%
23.6%
4.7%
4.7%
0% 100.0%
% of Homes