Haverhill, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Haverhill Neighborhoods Since 2000




Haverhill, 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

Haverhill Housing Market Information

With 62,765 people, 23,781 houses or apartments, and a median cost of homes of $275,498, Haverhill real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Haverhill, accounting for 40.39% of the city's housing units. Other types of housing that are prevalent in Haverhill include duplexes, homes converted to apartments or other small apartment buildings ( 25.77%), large apartment complexes or high rise apartments ( 21.38%), and a few row houses and other attached homes ( 12.20%).

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

The housing in Haverhill was primarily built before 1939 ( 40.88%), making the housing stock in Haverhill some of the oldest overall in America, although there is a range of ages of homes in Haverhill. The next most important housing age is between 1970-1999 ( 32.85%), followed by between 1940-1969 ( 18.54%). There's also some housing in Haverhill built between 2000 and later ( 7.74%).

Haverhill Home Appreciation Rates

Haverhill's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Haverhill during the period has been just -0.80%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Haverhill's appreciation rate, at 4.91%, has been at or slightly above the national average. In the latest quarter, Haverhill's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$275,498

Haverhill, MA HOME PRICES

Value Range
> $1,171,000 0.9
$878,001 - $1,171,000 0.1
$586,001 - $878,000 2.6
$468,001 - $586,000 6.0
$351,001 - $468,000 17.8
$234,001 - $351,000 41.8
$117,001 - $234,000 25.1
$59,001 - $117,000 2.5
$0 - $59,000 3.2

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
18.944099378882 77.2435897435898

Number Of Homes And Apartments:
23,781

Haverhill 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
38.64% 1.91% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,567 / per month

Homeownership Rate

Homeownership
Owners 59.88
Renters 40.12
Vacant 6.91

Housing Market Details

 

Age of Homes

AGE OF Haverhill HOMES
2000 or Newer 7.7
1970 - 1999 32.9
1940 - 1969 18.5
1939 or Older 40.9

Types of Homes

TYPE OF Haverhill HOMES
Single-Family 40.4
Townhomes 12.2
Small Apt. Buildings 25.8
Apt. Complexes 21.4
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Haverhill HOMES
No Bedroom 2.70
1 Bedroom 12.68
2 Bedrooms 33.44
3 Bedrooms 35.36
4 Bedrooms 11.86
5 or more bedrooms 3.94