Gardner, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gardner Neighborhoods Since 2000




Gardner, 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

Gardner Housing Market Information

With a population of 20,333, 8,142 total housing units (homes and apartments), and a median house value of $179,638, Gardner real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Gardner homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Gardner, accounting for 44.84% of the city's housing units. Other types of housing that are prevalent in Gardner include large apartment complexes or high rise apartments ( 26.86%), duplexes, homes converted to apartments or other small apartment buildings ( 24.64%), and a few row houses and other attached homes ( 2.36%).

People in Gardner primarily live in small (one, two or no bedroom) single-family detached homes. Gardner has a mixture of owner-occupied and renter-occupied housing.

The housing in Gardner was primarily built before 1939 ( 43.57%), making the housing stock in Gardner some of the oldest overall in America, although there is a range of ages of homes in Gardner. The next most important housing age is between 1970-1999 ( 26.99%), followed by between 1940-1969 ( 26.69%). There's also some housing in Gardner built between 2000 and later ( 2.75%).

Vacant housing appears to be an issue in Gardner. Fully 11.20% of the housing stock is classified as vacant. Left unchecked, vacant Gardner homes and apartments can be a drag on the real estate market, holding Gardner real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Gardner Home Appreciation Rates

Homes have actually lost value in Gardner over the last then years, as home values have seen a decline of 24.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Gardner home appreciation rates at 0.33%, which equates to an annual appreciation rate of 1.33%.

NeighborhoodScout's data show that during the latest twelve months, Gardner's appreciation rate, at 3.73%, has been at or slightly above the national average. In the latest quarter, Gardner's appreciation rate has been 0.33%, which annualizes to a rate of 1.33%.

Relative to Massachusetts, our data show that Gardner's latest annual appreciation rate is lower than 60% 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 Gardner differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gardner - 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 Gardner real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$179,638

Gardner, MA HOME PRICES

Value Range
> $1,075,000 0.3
$807,001 - $1,075,000 0.9
$537,001 - $807,000 0.8
$430,001 - $537,000 2.1
$322,001 - $430,000 3.5
$215,001 - $322,000 22.7
$107,001 - $215,000 60.2
$54,001 - $107,000 6.8
$0 - $54,000 2.9

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
38.2925114262276 97.4358974358974

Number Of Homes And Apartments:
8,142

Gardner 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
17.43% 0.94% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$982 / per month

Homeownership Rate

Homeownership
Owners 47.72
Renters 52.28
Vacant 11.20

Housing Market Details

 

Age of Homes

AGE OF Gardner HOMES
2000 or Newer 2.7
1970 - 1999 27.0
1940 - 1969 26.7
1939 or Older 43.6

Types of Homes

TYPE OF Gardner HOMES
Single-Family 44.8
Townhomes 2.4
Small Apt. Buildings 24.6
Apt. Complexes 26.9
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Gardner HOMES
No Bedroom 2.25
1 Bedroom 17.24
2 Bedrooms 37.20
3 Bedrooms 33.92
4 Bedrooms 6.88
5 or more bedrooms 2.51