Greenfield, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greenfield Neighborhoods Since 2000




Greenfield, 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

Greenfield Housing Market Information

With a population of 17,450, 7,731 total housing units (homes and apartments), and a median house value of $187,102, Greenfield real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Greenfield homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Greenfield, accounting for 50.79% of the city's housing units. Other types of housing that are prevalent in Greenfield include duplexes, homes converted to apartments or other small apartment buildings ( 26.82%), large apartment complexes or high rise apartments ( 17.87%), and a few row houses and other attached homes ( 4.16%).

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

The housing in Greenfield was primarily built before 1939 ( 45.10%), making the housing stock in Greenfield some of the oldest overall in America, although there is a range of ages of homes in Greenfield. The next most important housing age is between 1940-1969 ( 26.36%), followed by between 1970-1999 ( 23.13%). There's also some housing in Greenfield built between 2000 and later ( 5.41%).

Greenfield Home Appreciation Rates

Real estate appreciation rates in Greenfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

NeighborhoodScout's data show that during the latest twelve months, Greenfield's appreciation rate, at 4.61%, has been at or slightly above the national average. In the latest quarter, Greenfield's appreciation rate has been -0.39%, which annualizes to a rate of -1.57%.

Relative to Massachusetts, our data show that Greenfield's latest annual appreciation rate is lower than 50% 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 Greenfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenfield - 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 Greenfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$187,102

Greenfield, MA HOME PRICES

Value Range
> $1,058,000 0.3
$794,001 - $1,058,000 0.0
$529,001 - $794,000 2.2
$424,001 - $529,000 2.2
$317,001 - $424,000 5.5
$212,001 - $317,000 22.2
$106,001 - $212,000 59.5
$53,001 - $106,000 2.6
$0 - $53,000 5.6

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
35.6732684870503 96.474358974359

Number Of Homes And Apartments:
7,731

Greenfield 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
40.89% 2.01% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$970 / per month

Homeownership Rate

Homeownership
Owners 54.77
Renters 45.23
Vacant 6.57

Housing Market Details

 

Age of Homes

AGE OF Greenfield HOMES
2000 or Newer 5.4
1970 - 1999 23.1
1940 - 1969 26.4
1939 or Older 45.1

Types of Homes

TYPE OF Greenfield HOMES
Single-Family 50.8
Townhomes 4.2
Small Apt. Buildings 26.8
Apt. Complexes 17.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Greenfield HOMES
No Bedroom 1.91
1 Bedroom 18.74
2 Bedrooms 32.28
3 Bedrooms 32.83
4 Bedrooms 9.95
5 or more bedrooms 4.29