Freetown, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Freetown Neighborhoods Since 2000




Freetown, MA Real Estate Data


Freetown Housing Market Information

With 9,179 people, 3,093 houses or apartments, and a median cost of homes of $366,329, 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 91.83% 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 ( 6.23%), row houses and other attached homes ( 1.58%).

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 85.41% of Freetown's homes, and 69.05% 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 ( 25.33%). A lesser amount of the housing stock also hails from before 1939 ( 15.28%). There's also some housing in Freetown built between 2000 and later ( 11.60%).

Freetown Home Appreciation Rates

Freetown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Freetown during the period has been just -1.10%, which is lower than 70% of US communities.

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 6.35%, which is higher than appreciation rates in 78.42% 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 2.07%, which equates to an annual appreciation rate of 8.54%.

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

 

Median Home Value:
$366,329

Freetown, MA HOME PRICES

Value Range
> $1,174,000 1.0
$881,001 - $1,174,000 0.0
$587,001 - $881,000 7.9
$470,001 - $587,000 12.6
$352,001 - $470,000 33.0
$235,001 - $352,000 31.7
$117,001 - $235,000 10.7
$58,001 - $117,000 0.0
$0 - $58,000 3.0

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
11.5008490952743 53.2051282051282

Number Of Homes And Apartments:
3,093

Rent & Ownership

 

Average Market Rent:
$1,428 / per month

Homeownership Rate

Homeownership
Owners 85.41
Renters 14.59
Vacant 6.04

Housing Market Details

 

Age of Homes

AGE OF Freetown HOMES
2000 or Newer 11.6
1970 - 1999 47.8
1940 - 1969 25.3
1939 or Older 15.3

Types of Homes

TYPE OF Freetown HOMES
Single-Family 91.8
Townhomes 1.6
Small Apt. Buildings 6.2
Apt. Complexes 0.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Freetown HOMES
No Bedroom 0.70
1 Bedroom 5.53
2 Bedrooms 20.69
3 Bedrooms 50.73
4 Bedrooms 18.32
5 or more bedrooms 4.04

Freetown 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
61.28% 2.85% 8 7
* 10 is highest