Hingham, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hingham Neighborhoods Since 2000




Hingham, MA Real Estate Data


Hingham Housing Market Information

With 23,120 people, 8,375 houses or apartments, and a median cost of homes of $773,030, Hingham house prices are not only among the most expensive in Massachusetts, Hingham 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 Hingham, accounting for 70.32% of the town's housing units. Other types of housing that are prevalent in Hingham include large apartment complexes or high rise apartments ( 21.37%), duplexes, homes converted to apartments or other small apartment buildings ( 4.37%), and a few row houses and other attached homes ( 3.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hingham. Owner-occupied housing accounts for 79.05% of Hingham's homes, and 61.12% 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. Hingham's housing was primarily built during this period, from the '40s through the '60s. A full 29.72% of the town's housing hails from this era. Other housing ages represented in Hingham include homes built between 1970-1999 ( 25.20%) and housing constructed before 1939 ( 24.22%). There's also some housing in Hingham built between 2000 and later ( 20.86%).

Hingham Home Appreciation Rates

In the last 10 years, Hingham has experienced some of the highest home appreciation rates of any community in the nation. Hingham real estate appreciated 18.41% over the last ten years, which is an average annual home appreciation rate of 1.70%, putting Hingham in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hingham definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Hingham that despite a nationwide downturn in the housing market, Hingham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hingham appreciation rates continue to be some of the highest in America, at 6.24%, which is higher than appreciation rates in 77.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hingham. Hingham 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 Hingham's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$773,030

Hingham, MA HOME PRICES

Value Range
> $1,207,000 15.1
$905,001 - $1,207,000 21.7
$603,001 - $905,000 33.1
$483,001 - $603,000 13.1
$362,001 - $483,000 7.3
$241,001 - $362,000 5.6
$121,001 - $241,000 1.3
$60,001 - $121,000 0.8
$0 - $60,000 2.0

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
2.21935937225508 6.08974358974359

Number Of Homes And Apartments:
8,375

Rent & Ownership

 

Average Market Rent:
$2,657 / per month

Homeownership Rate

Homeownership
Owners 79.05
Renters 20.95
Vacant 5.82

Housing Market Details

 

Age of Homes

AGE OF Hingham HOMES
2000 or Newer 20.9
1970 - 1999 25.2
1940 - 1969 29.7
1939 or Older 24.2

Types of Homes

TYPE OF Hingham HOMES
Single-Family 70.3
Townhomes 3.6
Small Apt. Buildings 4.4
Apt. Complexes 21.4
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Hingham HOMES
No Bedroom 0.38
1 Bedroom 12.47
2 Bedrooms 20.42
3 Bedrooms 31.05
4 Bedrooms 30.07
5 or more bedrooms 5.61

Hingham 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
82.35% 3.60% 10 9
* 10 is highest