Medway, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Medway Neighborhoods Since 2000




Medway, 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

Medway Housing Market Information

With a population of 13,253, 4,562 total housing units (homes and apartments), and a median house value of $459,862, real estate costs in Medway 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 Medway, accounting for 79.78% of the town's housing units. Other types of housing that are prevalent in Medway include large apartment complexes or high rise apartments ( 10.69%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few row houses and other attached homes ( 2.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Medway. Owner-occupied housing accounts for 83.47% of Medway's homes, and 73.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Medway 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 Medway built before 1939 ( 25.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.36%). There's also some housing in Medway built between 2000 and later ( 6.74%).

Medway Home Appreciation Rates

Real estate appreciation rates in Medway's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.02% during the period.

NeighborhoodScout's data show that during the latest twelve months, Medway's appreciation rate, at 4.23%, has been at or slightly above the national average. In the latest quarter, Medway's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$459,862

Medway, MA HOME PRICES

Value Range
> $1,146,000 1.2
$859,001 - $1,146,000 1.4
$573,001 - $859,000 15.1
$458,001 - $573,000 23.7
$344,001 - $458,000 33.8
$229,001 - $344,000 20.0
$115,001 - $229,000 1.9
$57,001 - $115,000 1.2
$0 - $57,000 1.8

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
7.09598031173093 29.4871794871795

Number Of Homes And Apartments:
4,562

Medway 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
44.18% 2.14% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 83.47
Renters 16.53
Vacant 3.02

Housing Market Details

 

Age of Homes

AGE OF Medway HOMES
2000 or Newer 6.7
1970 - 1999 42.2
1940 - 1969 25.4
1939 or Older 25.7

Types of Homes

TYPE OF Medway HOMES
Single-Family 79.8
Townhomes 2.4
Small Apt. Buildings 7.1
Apt. Complexes 10.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Medway HOMES
No Bedroom 1.13
1 Bedroom 8.35
2 Bedrooms 10.06
3 Bedrooms 36.95
4 Bedrooms 36.54
5 or more bedrooms 6.97

Popular Neighborhoods in Medway

Zip Codes in Medway, MA