Freetown, 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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Freetown, MA Housing Market Trends

With a population of 9,394, 3,262 total housing units (homes and apartments), and a median house value of $442,836, real estate costs in Freetown 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 Freetown, accounting for 92.01% of the town's housing units. Other types of housing that are prevalent in Freetown include duplexes, homes converted to apartments or other small apartment buildings ( 5.00%), row houses and other attached homes ( 2.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Freetown. Owner-occupied housing accounts for 89.93% of Freetown's homes, and 71.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Freetown 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 Freetown built between 1940-1969 ( 19.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.06%). There's also some housing in Freetown built before 1939 ( 15.34%).

Freetown Home Appreciation Rates

Appreciation rates for homes in Freetown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 39.66%, which ranks in the top 40% nationwide. This equates to an annual average Freetown house appreciation rate of 3.40%.

Appreciation rates are so strong in Freetown that despite a nationwide downturn in the housing market, Freetown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Freetown appreciation rates continue to be some of the highest in America, at 6.43%, which is higher than appreciation rates in 72.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Freetown. Freetown appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.77%.

Relative to Massachusetts, our data show that Freetown's latest annual appreciation rate is higher than 80% of the other cities and towns in Massachusetts.

Average Home Values

 
info

Median Home Value:
$442,836

Freetown, MA HOME PRICES

> $1,219,000
1.9%
1.9%
$914,001 - $1,219,000
0.7%
0.7%
$610,001 - $914,000
12.6%
12.6%
$487,001 - $610,000
20.1%
20.1%
$365,001 - $487,000
33.7%
33.7%
$244,001 - $365,000
22.3%
22.3%
$122,001 - $244,000
7.5%
7.5%
$61,001 - $122,000
0.0%
0.0%
$0 - $61,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for MA

Value Relative To Nation

Number Of Homes And Apartments:
3,262

Freetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
95.10% 3.23%
8
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,219 / per month

Homeownership Rate

Owners
89.9%
89.9%
Renters
10.1%
10.1%
Vacant
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
16.1%
16.1%
1970 - 1999
49.1%
49.1%
1940 - 1969
19.5%
19.5%
1939 or Older
15.3%
15.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
92.0%
92.0%
Townhomes
2.0%
2.0%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
0.7%
0.7%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
2.7%
2.7%
2 Bedrooms
19.5%
19.5%
3 Bedrooms
52.9%
52.9%
4 Bedrooms
19.0%
19.0%
5 or more bedrooms
5.6%
5.6%
0.0% 100.0%
% OF HOMES