Hamilton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hamilton, MA Real Estate Data


Hamilton Housing Market Information

With 8,179 people, 2,838 houses or apartments, and a median cost of homes of $625,198, Hamilton house prices are not only among the most expensive in Massachusetts, Hamilton real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Hamilton, accounting for 83.13% of the town's housing units. Other types of housing that are prevalent in Hamilton include large apartment complexes or high rise apartments ( 12.08%), duplexes, homes converted to apartments or other small apartment buildings ( 3.14%), and a few row houses and other attached homes ( 1.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hamilton. Owner-occupied housing accounts for 73.77% of Hamilton's homes, and 64.86% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hamilton's housing was primarily built during this period, from the '40s through the '60s. A full 32.12% of the town's housing hails from this era. Other housing ages represented in Hamilton include homes built between 1970-1999 ( 31.90%) and housing constructed before 1939 ( 31.51%). There's also some housing in Hamilton built between 2000 and later ( 4.47%).

Hamilton Home Appreciation Rates

Appreciation rates for homes in Hamilton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.41%, which ranks in the top 50% nationwide. This equates to an annual average Hamilton house appreciation rate of 0.62%.

Appreciation rates are so strong in Hamilton that despite a nationwide downturn in the housing market, Hamilton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hamilton appreciation rates continue to be some of the highest in America, at 6.08%, which is higher than appreciation rates in 75.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hamilton. Hamilton appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.42%.

Relative to Massachusetts, our data show that Hamilton's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$625,198

Hamilton, MA HOME PRICES

Value Range
> $1,207,000 6.8
$906,001 - $1,207,000 9.5
$603,001 - $906,000 30.3
$483,001 - $603,000 22.8
$362,001 - $483,000 19.4
$241,001 - $362,000 5.7
$121,001 - $241,000 1.3
$60,001 - $121,000 0.3
$0 - $60,000 3.8

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
3.73016337764244 13.1410256410256

Number Of Homes And Apartments:
2,838

Rent & Ownership

 

Average Market Rent:
$1,460 / per month

Homeownership Rate

Homeownership
Owners 73.77
Renters 26.23
Vacant 8.10

Housing Market Details

 

Age of Homes

AGE OF Hamilton HOMES
2000 or Newer 4.5
1970 - 1999 31.9
1940 - 1969 32.1
1939 or Older 31.5

Types of Homes

TYPE OF Hamilton HOMES
Single-Family 83.1
Townhomes 1.7
Small Apt. Buildings 3.1
Apt. Complexes 12.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hamilton HOMES
No Bedroom 0.97
1 Bedroom 11.11
2 Bedrooms 16.84
3 Bedrooms 37.99
4 Bedrooms 26.88
5 or more bedrooms 6.22

Hamilton 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
51.61% 2.48% 6 6
* 10 is highest