Hamilton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Hamilton Neighborhoods Since 2000




Hamilton, 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

Hamilton Housing Market Information

With 8,179 people, 2,728 houses or apartments, and a median cost of homes of $686,745, 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 85.72% of the town's housing units. Other types of housing that are prevalent in Hamilton include large apartment complexes or high rise apartments ( 10.66%), duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).

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 78.20% of Hamilton's homes, and 64.61% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hamilton 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 Hamilton built before 1939 ( 32.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.36%). There's also some housing in Hamilton built between 2000 and later ( 4.19%).

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 6.75%, which ranks in the top 40% nationwide. This equates to an annual average Hamilton house appreciation rate of 0.66%.

NeighborhoodScout's data show that during the latest twelve months, Hamilton's appreciation rate, at 5.43%, has been at or slightly above the national average. In the latest quarter, Hamilton's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Hamilton's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$686,745

Hamilton, MA HOME PRICES

Value Range
> $1,186,000 5.6
$889,001 - $1,186,000 12.6
$593,001 - $889,000 33.2
$474,001 - $593,000 22.9
$356,001 - $474,000 15.8
$237,001 - $356,000 5.2
$119,001 - $237,000 1.3
$59,001 - $119,000 0.4
$0 - $59,000 3.1

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
2.77159264033751 8.33333333333333

Number Of Homes And Apartments:
2,728

Hamilton 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
53.52% 2.52% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,645 / per month

Homeownership Rate

Homeownership
Owners 78.20
Renters 21.80
Vacant 8.58

Housing Market Details

 

Age of Homes

AGE OF Hamilton HOMES
2000 or Newer 4.2
1970 - 1999 34.2
1940 - 1969 29.4
1939 or Older 32.2

Types of Homes

TYPE OF Hamilton HOMES
Single-Family 85.7
Townhomes 0.5
Small Apt. Buildings 2.7
Apt. Complexes 10.7
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Hamilton HOMES
No Bedroom 1.24
1 Bedroom 10.76
2 Bedrooms 17.33
3 Bedrooms 36.46
4 Bedrooms 28.15
5 or more bedrooms 6.07