Maynard, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Maynard, 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

Maynard Housing Market Information

With a population of 10,676, 4,284 total housing units (homes and apartments), and a median house value of $386,609, real estate costs in Maynard 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 Maynard, accounting for 61.66% of the town's housing units. Other types of housing that are prevalent in Maynard include duplexes, homes converted to apartments or other small apartment buildings ( 14.46%), large apartment complexes or high rise apartments ( 11.62%), and a few row houses and other attached homes ( 11.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Maynard. Owner-occupied housing accounts for 68.96% of Maynard's homes, and 63.49% have either three or four bedrooms, which is average sized relative to America.

The housing in Maynard was primarily built before 1939 ( 37.28%), making the housing stock in Maynard some of the oldest overall in America, although there is a range of ages of homes in Maynard. The next most important housing age is between 1940-1969 ( 31.29%), followed by between 1970-1999 ( 28.52%). There's also some housing in Maynard built between 2000 and later ( 2.90%).

Maynard Home Appreciation Rates

Appreciation rates for homes in Maynard have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.73%, which ranks in the top 50% nationwide. This equates to an annual average Maynard house appreciation rate of 0.07%.

Appreciation rates are so strong in Maynard that despite a nationwide downturn in the housing market, Maynard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Maynard appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 70.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Maynard. Maynard appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$386,609

Maynard, MA HOME PRICES

Value Range
> $1,146,000 1.5
$859,001 - $1,146,000 1.7
$573,001 - $859,000 6.6
$458,001 - $573,000 8.0
$344,001 - $458,000 48.0
$229,001 - $344,000 27.5
$115,001 - $229,000 4.8
$57,001 - $115,000 0.0
$0 - $57,000 1.9

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
10.0785186921364 45.5128205128205

Number Of Homes And Apartments:
4,284

Maynard 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
42.17% 2.06% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,071 / per month

Homeownership Rate

Homeownership
Owners 68.96
Renters 31.04
Vacant 5.72

Housing Market Details

 

Age of Homes

AGE OF Maynard HOMES
2000 or Newer 2.9
1970 - 1999 28.5
1940 - 1969 31.3
1939 or Older 37.3

Types of Homes

TYPE OF Maynard HOMES
Single-Family 61.7
Townhomes 11.5
Small Apt. Buildings 14.5
Apt. Complexes 11.6
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Maynard HOMES
No Bedroom 0.00
1 Bedroom 12.08
2 Bedrooms 22.27
3 Bedrooms 41.77
4 Bedrooms 21.72
5 or more bedrooms 2.16

Popular Neighborhoods in Maynard

Zip Codes in Maynard, MA