Newton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newton Neighborhoods Since 2000




Newton, 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

Newton Housing Market Information

With 88,817 people, 31,077 houses or apartments, and a median cost of homes of $884,929, Newton house prices are not only among the most expensive in Massachusetts, Newton 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 Newton, accounting for 54.72% of the city's housing units. Other types of housing that are prevalent in Newton include duplexes, homes converted to apartments or other small apartment buildings ( 21.92%), large apartment complexes or high rise apartments ( 15.94%), and a few row houses and other attached homes ( 7.34%).

The most prevalent building size and type in Newton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.42% owning and 36.58% renting.

The housing in Newton was primarily built before 1939 ( 52.65%), making the housing stock in Newton some of the oldest overall in America, although there is a range of ages of homes in Newton. The next most important housing age is between 1940-1969 ( 26.76%), followed by between 1970-1999 ( 14.04%). There's also some housing in Newton built between 2000 and later ( 6.56%).

Newton Home Appreciation Rates

In the last 10 years, Newton has experienced some of the highest home appreciation rates of any community in the nation. Newton real estate appreciated 35.42% over the last ten years, which is an average annual home appreciation rate of 3.08%, putting Newton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Newton that despite a nationwide downturn in the housing market, Newton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newton appreciation rates continue to be some of the highest in America, at 6.17%, which is higher than appreciation rates in 75.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newton. Newton appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Newton's latest annual appreciation rate is higher 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 city. Individual neighborhoods within Newton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newton - 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 Newton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$884,929

Newton, MA HOME PRICES

Value Range
> $1,235,000 26.0
$926,001 - $1,235,000 21.8
$618,001 - $926,000 29.9
$494,001 - $618,000 10.0
$370,001 - $494,000 6.4
$247,001 - $370,000 2.8
$124,001 - $247,000 1.1
$62,001 - $124,000 0.5
$0 - $62,000 1.3

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
1.50591819992968 4.16666666666667

Number Of Homes And Apartments:
31,077

Newton 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
81.60% 3.52% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,553 / per month

Homeownership Rate

Homeownership
Owners 63.42
Renters 36.58
Vacant 4.86

Housing Market Details

 

Age of Homes

AGE OF Newton HOMES
2000 or Newer 6.6
1970 - 1999 14.0
1940 - 1969 26.8
1939 or Older 52.6

Types of Homes

TYPE OF Newton HOMES
Single-Family 54.7
Townhomes 7.3
Small Apt. Buildings 21.9
Apt. Complexes 15.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Newton HOMES
No Bedroom 0.95
1 Bedroom 11.40
2 Bedrooms 21.17
3 Bedrooms 31.97
4 Bedrooms 20.92
5 or more bedrooms 13.59