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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 15,705, 5,609 total housing units (homes and apartments), and a median house value of $417,594, 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 91.53% of the town's housing units. Other types of housing that are prevalent in Longmeadow include large apartment complexes or high rise apartments ( 5.88%), duplexes, homes converted to apartments or other small apartment buildings ( 1.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Longmeadow. Owner-occupied housing accounts for 86.29% of Longmeadow's homes, and 79.16% 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 48.42% of the town's housing hails from this era. Other housing ages represented in Longmeadow include homes built before 1939 ( 26.98%) and housing constructed between 1970-1999 ( 22.93%). There's also some housing in Longmeadow built between 2000 and later ( 1.67%).

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 1.53%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Longmeadow's appreciation rate, at 5.86%, has been at or slightly above the national average. In the latest quarter, Longmeadow's appreciation rate has been 2.20%, which annualizes to a rate of 9.11%.

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

 
info

Median Home Value:
$417,594

Longmeadow, MA HOME PRICES

> $1,144,000
0.8%
0.8%
$858,001 - $1,144,000
4.4%
4.4%
$572,001 - $858,000
13.1%
13.1%
$457,001 - $572,000
14.4%
14.4%
$343,001 - $457,000
30.6%
30.6%
$229,001 - $343,000
30.7%
30.7%
$114,001 - $229,000
5.1%
5.1%
$58,001 - $114,000
0.2%
0.2%
$0 - $58,000
0.9%
0.9%
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:
5,609

Longmeadow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
64.76% 2.41%
2
4
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,182 / per month

Homeownership Rate

Owners
86.3%
86.3%
Renters
13.7%
13.7%
Vacant
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
1.7%
1.7%
1970 - 1999
22.9%
22.9%
1940 - 1969
48.4%
48.4%
1939 or Older
27.0%
27.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.5%
91.5%
Townhomes
0.7%
0.7%
Small Apt. Buildings
1.7%
1.7%
Apt. Complexes
5.9%
5.9%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
3.9%
3.9%
2 Bedrooms
7.2%
7.2%
3 Bedrooms
42.8%
42.8%
4 Bedrooms
36.4%
36.4%
5 or more bedrooms
8.8%
8.8%
0.0% 100.0%
% OF HOMES