Leicester, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Leicester Neighborhoods Since 2000




Leicester, 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

Leicester Housing Market Information

With a population of 11,334, 4,251 total housing units (homes and apartments), and a median house value of $250,525, Leicester real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Leicester homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Leicester, accounting for 71.54% of the town's housing units. Other types of housing that are prevalent in Leicester include duplexes, homes converted to apartments or other small apartment buildings ( 12.27%), large apartment complexes or high rise apartments ( 12.14%), and a few row houses and other attached homes ( 3.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leicester. Owner-occupied housing accounts for 69.94% of Leicester's homes, and 58.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Leicester 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 Leicester built between 1940-1969 ( 31.39%). A lesser amount of the housing stock also hails from before 1939 ( 26.06%). There's also some housing in Leicester built between 2000 and later ( 6.57%).

Leicester Home Appreciation Rates

Leicester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Leicester during the period has been just -1.49%, which is lower than 80% of US communities.

Appreciation rates are so strong in Leicester that despite a nationwide downturn in the housing market, Leicester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leicester appreciation rates continue to be some of the highest in America, at 6.53%, which is higher than appreciation rates in 78.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leicester. Leicester appreciation rates in the latest quarter were at 0.33%, which equates to an annual appreciation rate of 1.33%.

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

Average Home Values

 

Median Home Value:
$250,525

Leicester, MA HOME PRICES

Value Range
> $1,106,000 0.0
$829,001 - $1,106,000 0.0
$553,001 - $829,000 1.4
$442,001 - $553,000 4.5
$332,001 - $442,000 18.3
$221,001 - $332,000 37.4
$111,001 - $221,000 33.3
$55,001 - $111,000 1.2
$0 - $55,000 3.8

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
22.4598617133482 85.5769230769231

Number Of Homes And Apartments:
4,251

Leicester 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
41.35% 2.03% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$941 / per month

Homeownership Rate

Homeownership
Owners 69.94
Renters 30.06
Vacant 6.35

Housing Market Details

 

Age of Homes

AGE OF Leicester HOMES
2000 or Newer 6.6
1970 - 1999 36.0
1940 - 1969 31.4
1939 or Older 26.1

Types of Homes

TYPE OF Leicester HOMES
Single-Family 71.5
Townhomes 3.2
Small Apt. Buildings 12.3
Apt. Complexes 12.1
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Leicester HOMES
No Bedroom 0.00
1 Bedroom 10.66
2 Bedrooms 26.35
3 Bedrooms 43.14
4 Bedrooms 14.87
5 or more bedrooms 4.98

Popular Neighborhoods in Leicester

Zip Codes in Leicester, MA