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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Harvard, MA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Harvard, MA Housing Market Trends

With 6,870 people, 1,965 houses or apartments, and a median cost of homes of $947,964, Harvard house prices are not only among the most expensive in Massachusetts, Harvard real estate also is some of the most expensive in all of America.

Harvard is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Harvard than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harvard. Owner-occupied housing accounts for 78.58% of Harvard's homes, and 77.82% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Harvard 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 Harvard built between 1940-1969 ( 29.00%). A lesser amount of the housing stock also hails from before 1939 ( 19.00%). There's also some housing in Harvard built between 2000 and later ( 13.84%).

Harvard Home Appreciation Rates

Real estate appreciation rates in Harvard's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.44% during the period.

Appreciation rates are so strong in Harvard that despite a nationwide downturn in the housing market, Harvard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harvard appreciation rates continue to be some of the highest in America, at 7.82%, which is higher than appreciation rates in 84.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harvard. Harvard appreciation rates in the latest quarter were at 0.60%, which equates to an annual appreciation rate of 2.41%.

Relative to Massachusetts, our data show that Harvard's latest annual appreciation rate is higher than 80% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$947,964

Harvard Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,433 / per month

Homeownership Rate

Owners
Renters
78.6%
78.6%
21.4%
21.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.9%
6.9%
93.1%
93.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.8%
13.8%
38.2%
38.2%
29.0%
29.0%
19.0%
19.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.6%
84.6%
4.1%
4.1%
4.4%
4.4%
6.9%
6.9%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
3.3%
3.3%
10.4%
10.4%
32.3%
32.3%
45.5%
45.5%
7.8%
7.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Harvard

Zip Codes in Harvard, MA