Marlborough, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marlborough, MA Real Estate Data


Marlborough Housing Market Information

With 39,818 people, 15,558 houses or apartments, and a median cost of homes of $347,493, real estate costs in Marlborough 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 Marlborough, accounting for 46.83% of the city's housing units. Other types of housing that are prevalent in Marlborough include large apartment complexes or high rise apartments ( 29.09%), duplexes, homes converted to apartments or other small apartment buildings ( 16.07%), and a few row houses and other attached homes ( 4.39%).

People in Marlborough primarily live in small (one, two or no bedroom) single-family detached homes. Marlborough has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Marlborough built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Marlborough built between 1940-1969 ( 26.25%). A lesser amount of the housing stock also hails from before 1939 ( 24.83%). There's also some housing in Marlborough built between 2000 and later ( 10.72%).

Marlborough Home Appreciation Rates

Real estate appreciation rates in Marlborough's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.55% during the period.

NeighborhoodScout's data show that during the latest twelve months, Marlborough's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Marlborough's appreciation rate has been 0.96%, which annualizes to a rate of 3.89%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marlborough differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marlborough - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Marlborough real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$347,493

Marlborough, MA HOME PRICES

Value Range
> $1,132,000 0.1
$849,001 - $1,132,000 1.2
$566,001 - $849,000 10.3
$453,001 - $566,000 11.9
$340,001 - $453,000 26.6
$226,001 - $340,000 34.0
$113,001 - $226,000 7.9
$57,001 - $113,000 3.6
$0 - $57,000 3.9

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
12.1059416383452 56.0897435897436

Number Of Homes And Apartments:
15,558

Rent & Ownership

 

Average Market Rent:
$1,668 / per month

Homeownership Rate

Homeownership
Owners 55.94
Renters 44.06
Vacant 6.05

Housing Market Details

 

Age of Homes

AGE OF Marlborough HOMES
2000 or Newer 10.7
1970 - 1999 38.2
1940 - 1969 26.3
1939 or Older 24.8

Types of Homes

TYPE OF Marlborough HOMES
Single-Family 46.8
Townhomes 4.4
Small Apt. Buildings 16.1
Apt. Complexes 29.1
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Marlborough HOMES
No Bedroom 3.88
1 Bedroom 17.87
2 Bedrooms 28.27
3 Bedrooms 27.32
4 Bedrooms 18.12
5 or more bedrooms 4.55

Marlborough 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
38.21% 1.89% 2 4
* 10 is highest