Northampton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Northampton Neighborhoods Since 2000




Northampton, MA Real Estate Data


Northampton Housing Market Information

With 28,540 people, 11,484 houses or apartments, and a median cost of homes of $318,070, real estate costs in Northampton 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 Northampton, accounting for 47.79% of the city's housing units. Other types of housing that are prevalent in Northampton include large apartment complexes or high rise apartments ( 25.43%), duplexes, homes converted to apartments or other small apartment buildings ( 22.10%), and a few row houses and other attached homes ( 4.62%).

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

The housing in Northampton was primarily built before 1939 ( 46.41%), making the housing stock in Northampton some of the oldest overall in America, although there is a range of ages of homes in Northampton. The next most important housing age is between 1970-1999 ( 27.05%), followed by between 1940-1969 ( 21.28%). There's also some housing in Northampton built between 2000 and later ( 5.25%).

Northampton Home Appreciation Rates

Appreciation rates for homes in Northampton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.03%, which ranks in the top 40% nationwide. This equates to an annual average Northampton house appreciation rate of 0.87%.

Appreciation rates are so strong in Northampton that despite a nationwide downturn in the housing market, Northampton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Northampton appreciation rates continue to be some of the highest in America, at 8.11%, which is higher than appreciation rates in 86.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Northampton. Northampton appreciation rates in the latest quarter were at 1.39%, which equates to an annual appreciation rate of 5.69%.

Relative to Massachusetts, our data show that Northampton's latest annual appreciation rate is higher than 90% 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 Northampton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Northampton - 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 Northampton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$318,070

Northampton, MA HOME PRICES

Value Range
> $1,084,000 1.0
$813,001 - $1,084,000 2.3
$542,001 - $813,000 8.6
$434,001 - $542,000 13.7
$325,001 - $434,000 22.0
$217,001 - $325,000 33.5
$108,001 - $217,000 15.3
$54,001 - $108,000 1.5
$0 - $54,000 1.7

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
14.4380639868745 64.1025641025641

Number Of Homes And Apartments:
11,484

Rent & Ownership

 

Average Market Rent:
$1,311 / per month

Homeownership Rate

Homeownership
Owners 48.93
Renters 51.07
Vacant 5.66

Housing Market Details

 

Age of Homes

AGE OF Northampton HOMES
2000 or Newer 5.2
1970 - 1999 27.1
1940 - 1969 21.3
1939 or Older 46.4

Types of Homes

TYPE OF Northampton HOMES
Single-Family 47.8
Townhomes 4.6
Small Apt. Buildings 22.1
Apt. Complexes 25.4
Mobile Homes 0.0
Other 0.1

Home Size

SIZE OF Northampton HOMES
No Bedroom 2.39
1 Bedroom 19.64
2 Bedrooms 30.91
3 Bedrooms 29.52
4 Bedrooms 13.87
5 or more bedrooms 3.66

Northampton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
80.46% 3.48% 10 9
* 10 is highest