Natick, MA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Natick, MA Housing Market Trends

With a population of 36,050, 14,537 total housing units (homes and apartments), and a median house value of $681,261, Natick house prices are not only among the most expensive in Massachusetts, Natick real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Natick, accounting for 57.92% of the town's housing units. Other types of housing that are prevalent in Natick include large apartment complexes or high rise apartments ( 26.68%), duplexes, homes converted to apartments or other small apartment buildings ( 10.78%), and a few row houses and other attached homes ( 4.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Natick. Owner-occupied housing accounts for 68.22% of Natick's homes, and 55.95% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Natick's housing was primarily built during this period, from the '40s through the '60s. A full 37.96% of the town's housing hails from this era. Other housing ages represented in Natick include homes built between 1970-1999 ( 29.16%) and housing constructed before 1939 ( 18.97%). There's also some housing in Natick built between 2000 and later ( 13.92%).

Natick Home Appreciation Rates

Appreciation rates for homes in Natick have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 59.88%, which ranks in the top 30% nationwide. This equates to an annual average Natick house appreciation rate of 4.80%.

Over the last year, Natick appreciation rates have trailed the rest of the nation. In the last twelve months, Natick's appreciation rate has been 7.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Natick were at 3.02%, which equates to an annual appreciation rate of 12.64%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Natick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Natick - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Natick real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$681,261

Natick, MA HOME PRICES

> $1,217,000
3.5%
3.5%
$913,001 - $1,217,000
15.6%
15.6%
$609,001 - $913,000
39.5%
39.5%
$487,001 - $609,000
19.6%
19.6%
$365,001 - $487,000
10.3%
10.3%
$243,001 - $365,000
6.3%
6.3%
$122,001 - $243,000
4.3%
4.3%
$61,001 - $122,000
0.0%
0.0%
$0 - $61,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
14,537

Natick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
113.45% 3.59%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,953 / per month

Homeownership Rate

Owners
68.2%
68.2%
Renters
31.8%
31.8%
Vacant
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.9%
13.9%
1970 - 1999
29.2%
29.2%
1940 - 1969
38.0%
38.0%
1939 or Older
19.0%
19.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.9%
57.9%
Townhomes
4.2%
4.2%
Small Apt. Buildings
10.8%
10.8%
Apt. Complexes
26.7%
26.7%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
16.3%
16.3%
2 Bedrooms
21.3%
21.3%
3 Bedrooms
29.9%
29.9%
4 Bedrooms
26.0%
26.0%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES