Quincy, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Quincy Neighborhoods Since 2000




Quincy, 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

Quincy Housing Market Information

With a population of 93,618, 39,476 total housing units (homes and apartments), and a median house value of $426,757, real estate costs in Quincy 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.

Large apartment complexes or high rise apartments are the single most common housing type in Quincy, accounting for 35.81% of the city's housing units. Other types of housing that are prevalent in Quincy include single-family detached homes ( 33.79%), duplexes, homes converted to apartments or other small apartment buildings ( 24.80%), and a few row houses and other attached homes ( 5.58%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Quincy primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Quincy has a mixture of owner-occupied and renter-occupied housing.

The housing in Quincy was primarily built before 1939 ( 39.09%), making the housing stock in Quincy some of the oldest overall in America, although there is a range of ages of homes in Quincy. The next most important housing age is between 1970-1999 ( 27.06%), followed by between 1940-1969 ( 25.05%). There's also some housing in Quincy built between 2000 and later ( 8.80%).

Quincy Home Appreciation Rates

Appreciation rates for homes in Quincy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.64%, which ranks in the top 30% nationwide. This equates to an annual average Quincy house appreciation rate of 1.29%.

Appreciation rates are so strong in Quincy that despite a nationwide downturn in the housing market, Quincy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Quincy appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 82.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Quincy. Quincy appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Quincy's latest annual appreciation rate is higher than 80% 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 Quincy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Quincy - 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 Quincy real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$426,757

Quincy, MA HOME PRICES

Value Range
> $1,225,000 0.9
$919,001 - $1,225,000 1.1
$612,001 - $919,000 10.1
$490,001 - $612,000 19.6
$367,001 - $490,000 34.5
$245,001 - $367,000 25.3
$123,001 - $245,000 5.9
$61,001 - $123,000 0.1
$0 - $61,000 2.3

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
8.26790108988632 35.8974358974359

Number Of Homes And Apartments:
39,476

Quincy 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
75.49% 3.31% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,922 / per month

Homeownership Rate

Homeownership
Owners 46.71
Renters 53.29
Vacant 5.64

Housing Market Details

 

Age of Homes

AGE OF Quincy HOMES
2000 or Newer 8.8
1970 - 1999 27.1
1940 - 1969 25.0
1939 or Older 39.1

Types of Homes

TYPE OF Quincy HOMES
Single-Family 33.8
Townhomes 5.6
Small Apt. Buildings 24.8
Apt. Complexes 35.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Quincy HOMES
No Bedroom 3.82
1 Bedroom 24.16
2 Bedrooms 34.67
3 Bedrooms 25.62
4 Bedrooms 8.96
5 or more bedrooms 2.78