Marblehead, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marblehead Neighborhoods Since 2000




Marblehead, 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

Marblehead Housing Market Information

With a population of 20,517, 8,137 total housing units (homes and apartments), and a median house value of $671,603, Marblehead house prices are not only among the most expensive in Massachusetts, Marblehead real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Marblehead, accounting for 71.10% of the town's housing units. Other types of housing that are prevalent in Marblehead include duplexes, homes converted to apartments or other small apartment buildings ( 17.05%), large apartment complexes or high rise apartments ( 6.05%), and a few row houses and other attached homes ( 5.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marblehead. Owner-occupied housing accounts for 79.97% of Marblehead's homes, and 61.60% have either three or four bedrooms, which is average sized relative to America.

The housing in Marblehead was primarily built before 1939 ( 44.41%), making the housing stock in Marblehead some of the oldest overall in America, although there is a range of ages of homes in Marblehead. The next most important housing age is between 1940-1969 ( 33.92%), followed by between 1970-1999 ( 18.58%). There's also some housing in Marblehead built between 2000 and later ( 3.09%).

Marblehead Home Appreciation Rates

Appreciation rates for homes in Marblehead have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.06%, which ranks in the top 40% nationwide. This equates to an annual average Marblehead house appreciation rate of 0.68%.

NeighborhoodScout's data show that during the latest twelve months, Marblehead's appreciation rate, at 4.83%, has been at or slightly above the national average. In the latest quarter, Marblehead's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$671,603

Marblehead, MA HOME PRICES

Value Range
> $1,161,000 13.8
$871,001 - $1,161,000 10.3
$581,001 - $871,000 35.9
$464,001 - $581,000 16.8
$348,001 - $464,000 14.1
$232,001 - $348,000 2.9
$116,001 - $232,000 3.0
$58,001 - $116,000 1.5
$0 - $58,000 1.6

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
2.92980194538849 9.61538461538462

Number Of Homes And Apartments:
8,137

Marblehead 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
50.48% 2.40% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,804 / per month

Homeownership Rate

Homeownership
Owners 79.97
Renters 20.03
Vacant 7.25

Housing Market Details

 

Age of Homes

AGE OF Marblehead HOMES
2000 or Newer 3.1
1970 - 1999 18.6
1940 - 1969 33.9
1939 or Older 44.4

Types of Homes

TYPE OF Marblehead HOMES
Single-Family 71.1
Townhomes 5.5
Small Apt. Buildings 17.1
Apt. Complexes 6.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Marblehead HOMES
No Bedroom 0.67
1 Bedroom 9.42
2 Bedrooms 19.91
3 Bedrooms 34.95
4 Bedrooms 26.65
5 or more bedrooms 8.40