Longmeadow, MA Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Longmeadow, MA Housing Market Trends

With 15,853 people, 5,723 houses or apartments, and a median cost of homes of $497,092, real estate costs in Longmeadow 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 Longmeadow, accounting for 89.11% of the town's housing units. Other types of housing that are prevalent in Longmeadow include large apartment complexes or high rise apartments ( 5.16%), row houses and other attached homes ( 3.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Longmeadow. Owner-occupied housing accounts for 87.32% of Longmeadow's homes, and 74.94% 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. Longmeadow's housing was primarily built during this period, from the '40s through the '60s. A full 49.80% of the town's housing hails from this era. Other housing ages represented in Longmeadow include homes built before 1939 ( 28.34%) and housing constructed between 1970-1999 ( 20.12%). There's also some housing in Longmeadow built between 2000 and later ( 1.74%).

Longmeadow Home Appreciation Rates

Longmeadow's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Longmeadow during the period has been just 3.66%, which is lower than 70% of US communities.

Appreciation rates are so strong in Longmeadow that despite a nationwide downturn in the housing market, Longmeadow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Longmeadow appreciation rates continue to be some of the highest in America, at 20.68%, which is higher than appreciation rates in 70.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Longmeadow. Longmeadow appreciation rates in the latest quarter were at 7.18%, which equates to an annual appreciation rate of 31.96%.

Relative to Massachusetts, our data show that Longmeadow's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$497,092

Longmeadow, MA HOME PRICES

> $1,347,000
$1,010,001 - $1,347,000
$674,001 - $1,010,000
$539,001 - $674,000
$404,001 - $539,000
$270,001 - $404,000
$134,001 - $270,000
$67,001 - $134,000
$0 - $67,000
0.7%
0.7%
4.6%
4.6%
15.1%
15.1%
14.2%
14.2%
29.8%
29.8%
31.3%
31.3%
3.6%
3.6%
0.2%
0.2%
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for MA

Value Relative To Nation

Number Of Homes And Apartments:
5,723

Longmeadow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
97.39% 3.14%
2
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,779 / per month

Homeownership Rate

Owners
Renters
Vacant
87.3%
87.3%
12.7%
12.7%
3.1%
3.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.7%
1.7%
20.1%
20.1%
49.8%
49.8%
28.3%
28.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
89.1%
89.1%
3.3%
3.3%
2.1%
2.1%
5.2%
5.2%
0.4%
0.4%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
3.3%
3.3%
10.5%
10.5%
42.4%
42.4%
32.5%
32.5%
9.7%
9.7%
0.0% 100.0%
% OF HOMES