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
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF North Adams HOMES|
|2000 or Newer||2.3|
|1970 - 1999||22.1|
|1940 - 1969||20.6|
|1939 or Older||55.0|
|TYPE OF North Adams HOMES|
|Small Apt. Buildings||34.6|
|SIZE OF North Adams HOMES|
|5 or more bedrooms||1.75|