Lakeville, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Lakeville Neighborhoods Since 2000




Lakeville, 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

Lakeville Housing Market Information

With a population of 11,338, 3,780 total housing units (homes and apartments), and a median house value of $415,656, real estate costs in Lakeville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Lakeville, accounting for 88.50% of the town's housing units. Other types of housing that are prevalent in Lakeville include large apartment complexes or high rise apartments ( 4.68%), row houses and other attached homes ( 2.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lakeville. Owner-occupied housing accounts for 85.26% of Lakeville's homes, and 63.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lakeville 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 Lakeville built between 1940-1969 ( 25.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.46%). There's also some housing in Lakeville built before 1939 ( 14.80%).

Vacant housing appears to be an issue in Lakeville. Fully 10.19% of the housing stock is classified as vacant. Left unchecked, vacant Lakeville homes and apartments can be a drag on the real estate market, holding Lakeville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lakeville Home Appreciation Rates

Real estate appreciation rates in Lakeville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.71% during the period.

Appreciation rates are so strong in Lakeville that despite a nationwide downturn in the housing market, Lakeville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lakeville appreciation rates continue to be some of the highest in America, at 6.86%, which is higher than appreciation rates in 80.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lakeville. Lakeville appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$415,656

Lakeville, MA HOME PRICES

Value Range
> $1,169,000 1.2
$877,001 - $1,169,000 3.1
$584,001 - $877,000 9.5
$468,001 - $584,000 23.3
$351,001 - $468,000 28.6
$234,001 - $351,000 21.7
$117,001 - $234,000 8.7
$59,001 - $117,000 0.9
$0 - $59,000 3.0

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
8.69565217391304 39.1025641025641

Number Of Homes And Apartments:
3,780

Lakeville 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
50.92% 2.41% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,770 / per month

Homeownership Rate

Homeownership
Owners 85.26
Renters 14.74
Vacant 10.19

Housing Market Details

 

Age of Homes

AGE OF Lakeville HOMES
2000 or Newer 16.5
1970 - 1999 42.7
1940 - 1969 26.0
1939 or Older 14.8

Types of Homes

TYPE OF Lakeville HOMES
Single-Family 88.5
Townhomes 2.6
Small Apt. Buildings 2.5
Apt. Complexes 4.7
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Lakeville HOMES
No Bedroom 0.00
1 Bedroom 6.34
2 Bedrooms 26.06
3 Bedrooms 40.22
4 Bedrooms 23.02
5 or more bedrooms 4.35