Montague, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montague Neighborhoods Since 2000




Montague, 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

Montague Housing Market Information

With 8,272 people, 3,568 houses or apartments, and a median cost of homes of $242,049, Montague real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Montague homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Montague, accounting for 56.91% of the town's housing units. Other types of housing that are prevalent in Montague include duplexes, homes converted to apartments or other small apartment buildings ( 27.25%), large apartment complexes or high rise apartments ( 11.20%), and a few row houses and other attached homes ( 3.47%).

The most prevalent building size and type in Montague are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.91% owning and 38.09% renting.

The housing in Montague was primarily built before 1939 ( 42.53%), making the housing stock in Montague some of the oldest overall in America, although there is a range of ages of homes in Montague. The next most important housing age is between 1970-1999 ( 26.61%), followed by between 1940-1969 ( 25.63%). There's also some housing in Montague built between 2000 and later ( 5.24%).

Montague Home Appreciation Rates

Real estate appreciation rates in Montague's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.69% during the period.

NeighborhoodScout's data show that during the latest twelve months, Montague's appreciation rate, at 4.67%, has been at or slightly above the national average. In the latest quarter, Montague's appreciation rate has been -0.39%, which annualizes to a rate of -1.57%.

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

Average Home Values

 

Median Home Value:
$242,049

Montague, MA HOME PRICES

Value Range
> $1,063,000 0.0
$797,001 - $1,063,000 0.6
$531,001 - $797,000 0.9
$425,001 - $531,000 2.7
$319,001 - $425,000 9.3
$212,001 - $319,000 32.2
$106,001 - $212,000 47.6
$53,001 - $106,000 3.2
$0 - $53,000 3.5

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
23.7196765498652 88.1410256410256

Number Of Homes And Apartments:
3,568

Montague 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
52.99% 2.50% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Homeownership
Owners 61.91
Renters 38.09
Vacant 8.37

Housing Market Details

 

Age of Homes

AGE OF Montague HOMES
2000 or Newer 5.2
1970 - 1999 26.6
1940 - 1969 25.6
1939 or Older 42.5

Types of Homes

TYPE OF Montague HOMES
Single-Family 56.9
Townhomes 3.5
Small Apt. Buildings 27.2
Apt. Complexes 11.2
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Montague HOMES
No Bedroom 2.41
1 Bedroom 13.20
2 Bedrooms 29.74
3 Bedrooms 40.73
4 Bedrooms 10.76
5 or more bedrooms 3.16