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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,463, 3,753 total housing units (homes and apartments), and a median house value of $324,526, 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 51.92% 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 ( 26.47%), large apartment complexes or high rise apartments ( 16.56%), and a few row houses and other attached homes ( 2.96%).
People in Montague primarily live in small (one, two or no bedroom) single-family detached homes. Montague has a mixture of owner-occupied and renter-occupied housing.
The housing in Montague was primarily built before 1939 ( 43.40%), 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 1940-1969 ( 27.92%), followed by between 1970-1999 ( 23.80%). There's also some housing in Montague built between 2000 and later ( 4.88%).
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 5.43% during the period.
NeighborhoodScout's data show that during the latest twelve months, Montague's appreciation rate, at 6.30%, has been at or slightly above the national average. In the latest quarter, Montague's appreciation rate has been 3.19%, which annualizes to a rate of 13.40%.
Importantly, this makes Montague one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
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.
$324,526
for Massachusetts
for nation
3,753
$1,871 / per month