Everett, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Everett Neighborhoods Since 2000




Everett, 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

Everett Housing Market Information

With 46,050 people, 15,539 houses or apartments, and a median cost of homes of $405,079, real estate costs in Everett 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.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Everett, accounting for 59.17% of the city's housing units. Other types of housing that are prevalent in Everett include single-family detached homes ( 19.09%), large apartment complexes or high rise apartments ( 15.49%), and a few row houses and other attached homes ( 6.13%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Everett primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Everett has a mixture of owner-occupied and renter-occupied housing.

The housing in Everett was primarily built before 1939 ( 65.65%), making the housing stock in Everett some of the oldest overall in America, although there is a range of ages of homes in Everett. The next most important housing age is between 1940-1969 ( 18.80%), followed by between 1970-1999 ( 12.56%). There's also some housing in Everett built between 2000 and later ( 2.98%).

Everett Home Appreciation Rates

Appreciation rates for homes in Everett have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.31%, which ranks in the top 50% nationwide. This equates to an annual average Everett house appreciation rate of 0.13%.

Appreciation rates are so strong in Everett that despite a nationwide downturn in the housing market, Everett real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Everett appreciation rates continue to be some of the highest in America, at 8.01%, which is higher than appreciation rates in 86.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Everett. Everett 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 Everett's latest annual appreciation rate is higher than 90% 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 city. Individual neighborhoods within Everett differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Everett - 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 Everett real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$405,079

Everett, MA HOME PRICES

Value Range
> $1,306,000 1.1
$979,001 - $1,306,000 0.2
$653,001 - $979,000 6.1
$522,001 - $653,000 13.3
$392,001 - $522,000 35.0
$261,001 - $392,000 30.2
$131,001 - $261,000 9.9
$65,001 - $131,000 0.8
$0 - $65,000 3.5

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
9.27575295909996 41.3461538461538

Number Of Homes And Apartments:
15,539

Everett 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
66.16% 2.99% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,887 / per month

Homeownership Rate

Homeownership
Owners 37.16
Renters 62.84
Vacant 6.58

Housing Market Details

 

Age of Homes

AGE OF Everett HOMES
2000 or Newer 3.0
1970 - 1999 12.6
1940 - 1969 18.8
1939 or Older 65.7

Types of Homes

TYPE OF Everett HOMES
Single-Family 19.1
Townhomes 6.1
Small Apt. Buildings 59.2
Apt. Complexes 15.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Everett HOMES
No Bedroom 2.80
1 Bedroom 17.78
2 Bedrooms 34.56
3 Bedrooms 32.51
4 Bedrooms 8.04
5 or more bedrooms 4.32