North Adams, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating North Adams Neighborhoods Since 2000




North Adams, 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

North Adams Housing Market Information

With 13,263 people, 6,083 houses or apartments, and a median cost of homes of $148,406, North Adams real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, North Adams homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in North Adams, accounting for 38.50% of the city's housing units. Other types of housing that are prevalent in North Adams include duplexes, homes converted to apartments or other small apartment buildings ( 34.57%), large apartment complexes or high rise apartments ( 18.34%), and a few mobile homes or trailers ( 4.39%).

People in North Adams primarily live in small (one, two or no bedroom) single-family detached homes. North Adams has a mixture of owner-occupied and renter-occupied housing.

The housing in North Adams was primarily built before 1939 ( 55.04%), making the housing stock in North Adams some of the oldest overall in America, although there is a range of ages of homes in North Adams. The next most important housing age is between 1970-1999 ( 22.09%), followed by between 1940-1969 ( 20.58%). There's also some housing in North Adams built between 2000 and later ( 2.28%).

Vacant housing appears to be an issue in North Adams. Fully 13.24% of the housing stock is classified as vacant. Left unchecked, vacant North Adams homes and apartments can be a drag on the real estate market, holding North Adams real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

North Adams Home Appreciation Rates

North Adams's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Adams during the period has been just -1.33%, which is lower than 80% of US communities.

Over the last year, North Adams appreciation rates have trailed the rest of the nation. In the last twelve months, North Adams's appreciation rate has been 1.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Adams were at -1.88%, which equates to an annual appreciation rate of -7.33%.

Notably, North Adams's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Massachusetts, our data show that North Adams's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$148,406

North Adams, MA HOME PRICES

Value Range
> $960,000 0.4
$720,001 - $960,000 0.0
$480,001 - $720,000 1.4
$384,001 - $480,000 1.9
$288,001 - $384,000 5.0
$192,001 - $288,000 12.3
$96,001 - $192,000 54.3
$48,001 - $96,000 16.9
$0 - $48,000 7.7

Very Low for MA
Average for Nation

Value Relative to Nation Value Relative to State
50.7910465252549 99.3589743589744

Number Of Homes And Apartments:
6,083

North Adams 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
37.47% 1.86% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$858 / per month

Homeownership Rate

Homeownership
Owners 48.01
Renters 51.99
Vacant 13.24

Housing Market Details

 

Age of Homes

AGE OF North Adams HOMES
2000 or Newer 2.3
1970 - 1999 22.1
1940 - 1969 20.6
1939 or Older 55.0

Types of Homes

TYPE OF North Adams HOMES
Single-Family 38.5
Townhomes 4.2
Small Apt. Buildings 34.6
Apt. Complexes 18.3
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF North Adams HOMES
No Bedroom 2.68
1 Bedroom 18.44
2 Bedrooms 35.13
3 Bedrooms 31.71
4 Bedrooms 10.28
5 or more bedrooms 1.75