Newburyport, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newburyport Neighborhoods Since 2000




Newburyport, 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

Newburyport Housing Market Information

With 17,982 people, 7,555 houses or apartments, and a median cost of homes of $484,407, real estate costs in Newburyport 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 Newburyport, accounting for 51.00% of the city's housing units. Other types of housing that are prevalent in Newburyport include duplexes, homes converted to apartments or other small apartment buildings ( 19.00%), large apartment complexes or high rise apartments ( 16.82%), and a few row houses and other attached homes ( 13.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newburyport. Owner-occupied housing accounts for 71.86% of Newburyport's homes, and 48.10% have either three or four bedrooms, which is average sized relative to America.

The housing in Newburyport was primarily built before 1939 ( 49.74%), making the housing stock in Newburyport some of the oldest overall in America, although there is a range of ages of homes in Newburyport. The next most important housing age is between 1970-1999 ( 23.71%), followed by between 1940-1969 ( 18.33%). There's also some housing in Newburyport built between 2000 and later ( 8.22%).

Newburyport Home Appreciation Rates

In the last 10 years, Newburyport has experienced some of the highest home appreciation rates of any community in the nation. Newburyport real estate appreciated 15.05% over the last ten years, which is an average annual home appreciation rate of 1.41%, putting Newburyport in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newburyport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Newburyport's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, Newburyport's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$484,407

Newburyport, MA HOME PRICES

Value Range
> $1,164,000 3.9
$873,001 - $1,164,000 10.6
$583,001 - $873,000 23.4
$466,001 - $583,000 21.6
$350,001 - $466,000 25.0
$233,001 - $350,000 9.4
$117,001 - $233,000 3.4
$58,001 - $117,000 2.0
$0 - $58,000 0.7

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.32837220203914 25.0

Number Of Homes And Apartments:
7,555

Newburyport 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
69.33% 3.10% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,597 / per month

Homeownership Rate

Homeownership
Owners 71.86
Renters 28.14
Vacant 6.61

Housing Market Details

 

Age of Homes

AGE OF Newburyport HOMES
2000 or Newer 8.2
1970 - 1999 23.7
1940 - 1969 18.3
1939 or Older 49.7

Types of Homes

TYPE OF Newburyport HOMES
Single-Family 51.0
Townhomes 13.2
Small Apt. Buildings 19.0
Apt. Complexes 16.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Newburyport HOMES
No Bedroom 0.96
1 Bedroom 18.17
2 Bedrooms 24.99
3 Bedrooms 32.26
4 Bedrooms 15.83
5 or more bedrooms 7.78