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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 16,045, 7,935 total housing units (homes and apartments), and a median house value of $394,656, Easthampton real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Easthampton homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Easthampton, accounting for 49.14% of the city's housing units. Other types of housing that are prevalent in Easthampton include duplexes, homes converted to apartments or other small apartment buildings ( 25.96%), large apartment complexes or high rise apartments ( 16.00%), and a few row houses and other attached homes ( 7.96%).
The most prevalent building size and type in Easthampton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.27% owning and 39.73% renting.
There is a lot of housing in Easthampton 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 Easthampton built before 1939 ( 30.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.38%). There's also some housing in Easthampton built between 2000 and later ( 9.69%).
Real estate appreciation rates in Easthampton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.44% during the period.
NeighborhoodScout's data show that during the latest twelve months, Easthampton's appreciation rate, at 6.30%, has been at or slightly above the national average. In the latest quarter, Easthampton's appreciation rate has been 3.19%, which annualizes to a rate of 13.40%.
Importantly, this makes Easthampton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Massachusetts, our data show that Easthampton's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.
$394,656
for Massachusetts
for nation
7,935
$1,909 / per month