Lunenburg, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lunenburg Neighborhoods Since 2000




Lunenburg, 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

Lunenburg Housing Market Information

With 11,241 people, 4,287 houses or apartments, and a median cost of homes of $248,601, Lunenburg real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Lunenburg homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Lunenburg, accounting for 77.60% of the town's housing units. Other types of housing that are prevalent in Lunenburg include duplexes, homes converted to apartments or other small apartment buildings ( 9.39%), large apartment complexes or high rise apartments ( 6.57%), and a few row houses and other attached homes ( 4.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lunenburg. Owner-occupied housing accounts for 76.38% of Lunenburg's homes, and 61.94% 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. Lunenburg's housing was primarily built during this period, from the '40s through the '60s. A full 37.22% of the town's housing hails from this era. Other housing ages represented in Lunenburg include homes built between 1970-1999 ( 30.79%) and housing constructed between 2000 and later ( 17.93%). There's also some housing in Lunenburg built before 1939 ( 14.06%).

Lunenburg Home Appreciation Rates

Lunenburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lunenburg during the period has been just -1.52%, which is lower than 80% of US communities.

Over the last year, Lunenburg appreciation rates have trailed the rest of the nation. In the last twelve months, Lunenburg's appreciation rate has been 0.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lunenburg were at 0.33%, which equates to an annual appreciation rate of 1.33%.

Relative to Massachusetts, our data show that Lunenburg's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$248,601

Lunenburg, MA HOME PRICES

Value Range
> $1,083,000 1.3
$812,001 - $1,083,000 1.4
$541,001 - $812,000 5.0
$433,001 - $541,000 7.3
$325,001 - $433,000 24.9
$217,001 - $325,000 35.6
$108,001 - $217,000 20.0
$54,001 - $108,000 0.7
$0 - $54,000 3.7

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
22.7352630962147 85.8974358974359

Number Of Homes And Apartments:
4,287

Lunenburg 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
27.43% 1.41% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,690 / per month

Homeownership Rate

Homeownership
Owners 76.38
Renters 23.62
Vacant 6.13

Housing Market Details

 

Age of Homes

AGE OF Lunenburg HOMES
2000 or Newer 17.9
1970 - 1999 30.8
1940 - 1969 37.2
1939 or Older 14.1

Types of Homes

TYPE OF Lunenburg HOMES
Single-Family 77.6
Townhomes 4.2
Small Apt. Buildings 9.4
Apt. Complexes 6.6
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Lunenburg HOMES
No Bedroom 2.04
1 Bedroom 4.99
2 Bedrooms 28.57
3 Bedrooms 35.49
4 Bedrooms 26.45
5 or more bedrooms 2.45

Popular Neighborhoods in Lunenburg

Zip Codes in Lunenburg, MA