East Longmeadow, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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East Longmeadow, MA Real Estate Data


East Longmeadow Housing Market Information

With a population of 16,213, 6,033 total housing units (homes and apartments), and a median house value of $292,280, East Longmeadow real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in East Longmeadow, accounting for 87.38% of the town's housing units. Other types of housing that are prevalent in East Longmeadow include large apartment complexes or high rise apartments ( 6.73%), duplexes, homes converted to apartments or other small apartment buildings ( 3.73%), and a few row houses and other attached homes ( 1.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Longmeadow. Owner-occupied housing accounts for 84.37% of East Longmeadow's homes, and 70.71% 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. East Longmeadow's housing was primarily built during this period, from the '40s through the '60s. A full 45.78% of the town's housing hails from this era. Other housing ages represented in East Longmeadow include homes built between 1970-1999 ( 31.22%) and housing constructed between 2000 and later ( 11.82%). There's also some housing in East Longmeadow built before 1939 ( 11.17%).

East Longmeadow Home Appreciation Rates

Real estate appreciation rates in East Longmeadow's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

Over the last year, East Longmeadow appreciation rates have trailed the rest of the nation. In the last twelve months, East Longmeadow's appreciation rate has been 3.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Longmeadow were at 2.65%, which equates to an annual appreciation rate of 11.04%.

Importantly, this makes East Longmeadow one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Massachusetts, our data show that East Longmeadow's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$292,280

East Longmeadow, MA HOME PRICES

Value Range
> $1,065,000 0.4
$799,001 - $1,065,000 0.4
$532,001 - $799,000 6.1
$426,001 - $532,000 9.0
$319,001 - $426,000 17.4
$213,001 - $319,000 45.2
$107,001 - $213,000 18.9
$53,001 - $107,000 0.7
$0 - $53,000 1.9

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
17.6260467295192 74.0384615384615

Number Of Homes And Apartments:
6,033

Rent & Ownership

 

Average Market Rent:
$1,376 / per month

Homeownership Rate

Homeownership
Owners 84.37
Renters 15.63
Vacant 3.86

Housing Market Details

 

Age of Homes

AGE OF East Longmeadow HOMES
2000 or Newer 11.8
1970 - 1999 31.2
1940 - 1969 45.8
1939 or Older 11.2

Types of Homes

TYPE OF East Longmeadow HOMES
Single-Family 87.4
Townhomes 1.6
Small Apt. Buildings 3.7
Apt. Complexes 6.7
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF East Longmeadow HOMES
No Bedroom 1.64
1 Bedroom 8.35
2 Bedrooms 14.93
3 Bedrooms 43.82
4 Bedrooms 26.88
5 or more bedrooms 4.37

East Longmeadow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.44% 2.35% 5 6
* 10 is highest

Popular Neighborhoods in East Longmeadow

Zip Codes in East Longmeadow, MA