Longmeadow, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Longmeadow Neighborhoods Since 2000




Longmeadow, MA Real Estate Data


Longmeadow Housing Market Information

With 15,898 people, 5,675 houses or apartments, and a median cost of homes of $331,211, 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 91.50% of the town's housing units. Other types of housing that are prevalent in Longmeadow include large apartment complexes or high rise apartments ( 6.34%), duplexes, homes converted to apartments or other small apartment buildings ( 1.40%).

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 86.83% of Longmeadow's homes, and 74.17% 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 47.35% of the town's housing hails from this era. Other housing ages represented in Longmeadow include homes built before 1939 ( 25.54%) and housing constructed between 1970-1999 ( 25.05%). There's also some housing in Longmeadow built between 2000 and later ( 2.06%).

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 -0.93%, which is lower than 70% of US communities.

Over the last year, Longmeadow appreciation rates have trailed the rest of the nation. In the last twelve months, Longmeadow's appreciation rate has been 2.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Longmeadow were at 0.15%, which equates to an annual appreciation rate of 0.59%.

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

Average Home Values

 

Median Home Value:
$331,211

Longmeadow, MA HOME PRICES

Value Range
> $1,041,000 0.9
$780,001 - $1,041,000 2.5
$520,001 - $780,000 13.2
$416,001 - $520,000 17.7
$312,001 - $416,000 22.9
$208,001 - $312,000 34.1
$104,001 - $208,000 6.8
$52,001 - $104,000 0.0
$0 - $52,000 1.4

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
13.4243525137701 60.2564102564103

Number Of Homes And Apartments:
5,675

Rent & Ownership

 

Average Market Rent:
$2,856 / per month

Homeownership Rate

Homeownership
Owners 86.83
Renters 13.17
Vacant 4.33

Housing Market Details

 

Age of Homes

AGE OF Longmeadow HOMES
2000 or Newer 2.1
1970 - 1999 25.1
1940 - 1969 47.4
1939 or Older 25.5

Types of Homes

TYPE OF Longmeadow HOMES
Single-Family 91.5
Townhomes 0.8
Small Apt. Buildings 1.4
Apt. Complexes 6.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Longmeadow HOMES
No Bedroom 0.00
1 Bedroom 5.82
2 Bedrooms 6.47
3 Bedrooms 40.93
4 Bedrooms 33.24
5 or more bedrooms 13.54

Longmeadow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
42.96% 2.09% 4 5
* 10 is highest