Plymouth, MA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Plymouth, MA Housing Market Trends

With a population of 61,528, 23,345 total housing units (homes and apartments), and a median house value of $408,605, real estate costs in Plymouth 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 Plymouth, accounting for 73.01% of the town's housing units. Other types of housing that are prevalent in Plymouth include large apartment complexes or high rise apartments ( 10.22%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few row houses and other attached homes ( 6.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plymouth. Owner-occupied housing accounts for 77.38% of Plymouth's homes, and 57.80% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plymouth 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 Plymouth built between 1940-1969 ( 20.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.63%). There's also some housing in Plymouth built before 1939 ( 16.13%).

Vacant housing appears to be an issue in Plymouth. Fully 14.77% of the housing stock is classified as vacant. Left unchecked, vacant Plymouth homes and apartments can be a drag on the real estate market, holding Plymouth 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.

Plymouth Home Appreciation Rates

Appreciation rates for homes in Plymouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 33.92%, which ranks in the top 50% nationwide. This equates to an annual average Plymouth house appreciation rate of 2.96%.

Over the last year, Plymouth appreciation rates have trailed the rest of the nation. In the last twelve months, Plymouth's appreciation rate has been 5.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plymouth were at 2.10%, which equates to an annual appreciation rate of 8.68%.

Relative to Massachusetts, our data show that Plymouth's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Plymouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plymouth - 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 Plymouth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$408,605

Plymouth, MA HOME PRICES

> $1,174,000
1.8%
1.8%
$881,001 - $1,174,000
1.8%
1.8%
$587,001 - $881,000
15.5%
15.5%
$470,001 - $587,000
18.3%
18.3%
$352,001 - $470,000
35.7%
35.7%
$235,001 - $352,000
17.1%
17.1%
$118,001 - $235,000
7.2%
7.2%
$59,001 - $118,000
1.2%
1.2%
$0 - $59,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for MA

Value Relative To Nation

Number Of Homes And Apartments:
23,345

Plymouth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
86.19% 3.00%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,653 / per month

Homeownership Rate

Owners
77.4%
77.4%
Renters
22.6%
22.6%
Vacant
14.8%
14.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.6%
17.6%
1970 - 1999
46.0%
46.0%
1940 - 1969
20.2%
20.2%
1939 or Older
16.1%
16.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.0%
73.0%
Townhomes
6.8%
6.8%
Small Apt. Buildings
7.1%
7.1%
Apt. Complexes
10.2%
10.2%
Mobile Homes
2.9%
2.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
8.1%
8.1%
2 Bedrooms
29.9%
29.9%
3 Bedrooms
41.0%
41.0%
4 Bedrooms
16.8%
16.8%
5 or more bedrooms
3.6%
3.6%
0.0% 100.0%
% OF HOMES