Monson, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Monson Neighborhoods Since 2000




Monson, 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

Monson Housing Market Information

With a population of 8,789, 3,491 total housing units (homes and apartments), and a median house value of $226,673, Monson real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Monson homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Monson, accounting for 76.43% of the town's housing units. Other types of housing that are prevalent in Monson include duplexes, homes converted to apartments or other small apartment buildings ( 12.58%), large apartment complexes or high rise apartments ( 4.99%), and a few mobile homes or trailers ( 3.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monson. Owner-occupied housing accounts for 81.00% of Monson's homes, and 65.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Monson 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 Monson built between 1940-1969 ( 25.77%). A lesser amount of the housing stock also hails from before 1939 ( 19.45%). There's also some housing in Monson built between 2000 and later ( 13.05%).

Monson Home Appreciation Rates

Monson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Monson during the period has been just -1.73%, which is lower than 80% of US communities.

Over the last year, Monson appreciation rates have trailed the rest of the nation. In the last twelve months, Monson's appreciation rate has been 2.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monson were at 1.15%, which equates to an annual appreciation rate of 4.66%.

Relative to Massachusetts, our data show that Monson's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$226,673

Monson, MA HOME PRICES

Value Range
> $1,002,000 0.0
$752,001 - $1,002,000 0.0
$501,001 - $752,000 5.2
$401,001 - $501,000 3.7
$300,001 - $401,000 17.7
$201,001 - $300,000 37.3
$100,001 - $201,000 29.7
$50,001 - $100,000 0.3
$0 - $50,000 6.0

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
26.432673151295 91.025641025641

Number Of Homes And Apartments:
3,491

Monson 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
35.24% 1.77% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,464 / per month

Homeownership Rate

Homeownership
Owners 81.00
Renters 19.00
Vacant 5.32

Housing Market Details

 

Age of Homes

AGE OF Monson HOMES
2000 or Newer 13.0
1970 - 1999 41.7
1940 - 1969 25.8
1939 or Older 19.4

Types of Homes

TYPE OF Monson HOMES
Single-Family 76.4
Townhomes 2.2
Small Apt. Buildings 12.6
Apt. Complexes 5.0
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Monson HOMES
No Bedroom 0.60
1 Bedroom 9.60
2 Bedrooms 20.75
3 Bedrooms 47.71
4 Bedrooms 17.55
5 or more bedrooms 3.80