Pepperell, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pepperell Neighborhoods Since 2000




Pepperell, 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

Pepperell Housing Market Information

With a population of 12,165, 4,247 total housing units (homes and apartments), and a median house value of $353,949, real estate costs in Pepperell 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 Pepperell, accounting for 71.80% of the town's housing units. Other types of housing that are prevalent in Pepperell include duplexes, homes converted to apartments or other small apartment buildings ( 10.22%), large apartment complexes or high rise apartments ( 7.68%), and a few row houses and other attached homes ( 6.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pepperell. Owner-occupied housing accounts for 77.30% of Pepperell's homes, and 65.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pepperell 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 Pepperell built before 1939 ( 18.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.96%). There's also some housing in Pepperell built between 2000 and later ( 7.75%).

Pepperell Home Appreciation Rates

Pepperell's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pepperell during the period has been just -1.03%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pepperell's appreciation rate, at 4.67%, has been at or slightly above the national average. In the latest quarter, Pepperell's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$353,949

Pepperell, MA HOME PRICES

Value Range
> $1,110,000 0.4
$833,001 - $1,110,000 0.8
$556,001 - $833,000 4.0
$444,001 - $556,000 11.3
$333,001 - $444,000 34.7
$222,001 - $333,000 33.7
$111,001 - $222,000 9.6
$56,001 - $111,000 2.1
$0 - $56,000 3.4

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
11.9067151060588 54.8076923076923

Number Of Homes And Apartments:
4,247

Pepperell 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
30.14% 1.54% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,932 / per month

Homeownership Rate

Homeownership
Owners 77.30
Renters 22.70
Vacant 4.58

Housing Market Details

 

Age of Homes

AGE OF Pepperell HOMES
2000 or Newer 7.8
1970 - 1999 60.6
1940 - 1969 13.0
1939 or Older 18.6

Types of Homes

TYPE OF Pepperell HOMES
Single-Family 71.8
Townhomes 6.4
Small Apt. Buildings 10.2
Apt. Complexes 7.7
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Pepperell HOMES
No Bedroom 1.24
1 Bedroom 7.10
2 Bedrooms 22.89
3 Bedrooms 40.87
4 Bedrooms 24.76
5 or more bedrooms 3.15