Pembroke, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pembroke, MA Real Estate Data


Pembroke Housing Market Information

With a population of 18,273, 6,248 total housing units (homes and apartments), and a median house value of $410,462, real estate costs in Pembroke 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 Pembroke, accounting for 80.81% of the town's housing units. Other types of housing that are prevalent in Pembroke include large apartment complexes or high rise apartments ( 9.99%), row houses and other attached homes ( 6.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pembroke. Owner-occupied housing accounts for 85.72% of Pembroke's homes, and 65.10% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pembroke built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pembroke built between 1940-1969 ( 32.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.58%). There's also some housing in Pembroke built before 1939 ( 10.60%).

Pembroke Home Appreciation Rates

Pembroke's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pembroke during the period has been just -0.78%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pembroke's appreciation rate, at 5.34%, has been at or slightly above the national average. In the latest quarter, Pembroke's appreciation rate has been 1.57%, which annualizes to a rate of 6.42%.

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

Average Home Values

 

Median Home Value:
$410,462

Pembroke, MA HOME PRICES

Value Range
> $1,149,000 0.7
$862,001 - $1,149,000 1.1
$575,001 - $862,000 11.6
$460,001 - $575,000 19.2
$345,001 - $460,000 36.5
$230,001 - $345,000 25.3
$115,001 - $230,000 3.3
$58,001 - $115,000 0.2
$0 - $58,000 2.1

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
9.19365228084558 41.9871794871795

Number Of Homes And Apartments:
6,248

Rent & Ownership

 

Average Market Rent:
$1,646 / per month

Homeownership Rate

Homeownership
Owners 85.72
Renters 14.28
Vacant 4.68

Housing Market Details

 

Age of Homes

AGE OF Pembroke HOMES
2000 or Newer 11.6
1970 - 1999 45.6
1940 - 1969 32.2
1939 or Older 10.6

Types of Homes

TYPE OF Pembroke HOMES
Single-Family 80.8
Townhomes 6.4
Small Apt. Buildings 2.8
Apt. Complexes 10.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pembroke HOMES
No Bedroom 0.00
1 Bedroom 7.93
2 Bedrooms 24.27
3 Bedrooms 41.82
4 Bedrooms 23.28
5 or more bedrooms 2.70

Pembroke Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.44% 2.23% 4 5
* 10 is highest