Lakeville, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lakeville Neighborhoods Since 2000




Lakeville, MA Real Estate Data


Lakeville Housing Market Information

With 11,338 people, 3,745 houses or apartments, and a median cost of homes of $404,658, 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 87.87% of the town's housing units. Other types of housing that are prevalent in Lakeville include large apartment complexes or high rise apartments ( 4.57%), row houses and other attached homes ( 2.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.74%).

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 85.90% of Lakeville's homes, and 64.40% 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 ( 25.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.77%). There's also some housing in Lakeville built before 1939 ( 15.53%).

Vacant housing appears to be an issue in Lakeville. Fully 10.77% 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

Lakeville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lakeville during the period has been just -0.93%, which is lower than 70% of US communities.

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 6.22%, which is higher than appreciation rates in 77.05% 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 1.57%, which equates to an annual appreciation rate of 6.42%.

Relative to Massachusetts, our data show that Lakeville's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$404,658

Lakeville, MA HOME PRICES

Value Range
> $1,164,000 2.3
$873,001 - $1,164,000 3.3
$582,001 - $873,000 10.6
$466,001 - $582,000 21.1
$349,001 - $466,000 27.9
$233,001 - $349,000 23.4
$116,001 - $233,000 7.4
$58,001 - $116,000 1.7
$0 - $58,000 2.4

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
9.49229958423611 42.9487179487179

Number Of Homes And Apartments:
3,745

Rent & Ownership

 

Average Market Rent:
$1,463 / per month

Homeownership Rate

Homeownership
Owners 85.90
Renters 14.10
Vacant 10.77

Housing Market Details

 

Age of Homes

AGE OF Lakeville HOMES
2000 or Newer 16.8
1970 - 1999 42.4
1940 - 1969 25.3
1939 or Older 15.5

Types of Homes

TYPE OF Lakeville HOMES
Single-Family 87.9
Townhomes 2.8
Small Apt. Buildings 2.7
Apt. Complexes 4.6
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Lakeville HOMES
No Bedroom 0.00
1 Bedroom 6.93
2 Bedrooms 24.83
3 Bedrooms 39.98
4 Bedrooms 24.42
5 or more bedrooms 3.84

Lakeville 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
49.74% 2.40% 5 6
* 10 is highest