Randolph, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Randolph Neighborhoods Since 2000




Randolph, MA Real Estate Data


Randolph Housing Market Information

With 33,699 people, 12,045 houses or apartments, and a median cost of homes of $318,302, real estate costs in Randolph 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 Randolph, accounting for 61.79% of the town's housing units. Other types of housing that are prevalent in Randolph include large apartment complexes or high rise apartments ( 20.07%), row houses and other attached homes ( 10.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Randolph. Owner-occupied housing accounts for 68.73% of Randolph's homes, and 60.47% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Randolph's housing was primarily built during this period, from the '40s through the '60s. A full 40.24% of the town's housing hails from this era. Other housing ages represented in Randolph include homes built between 1970-1999 ( 36.72%) and housing constructed before 1939 ( 15.55%). There's also some housing in Randolph built between 2000 and later ( 7.49%).

Randolph Home Appreciation Rates

Randolph's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Randolph during the period has been just -0.97%, which is lower than 70% of US communities.

Appreciation rates are so strong in Randolph that despite a nationwide downturn in the housing market, Randolph real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Randolph appreciation rates continue to be some of the highest in America, at 8.03%, which is higher than appreciation rates in 86.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Randolph. Randolph appreciation rates in the latest quarter were at 1.77%, which equates to an annual appreciation rate of 7.27%.

Importantly, this makes Randolph one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Massachusetts, our data show that Randolph'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 town. Individual neighborhoods within Randolph differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Randolph - 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 Randolph real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$318,302

Randolph, MA HOME PRICES

Value Range
> $1,217,000 0.0
$913,001 - $1,217,000 1.0
$609,001 - $913,000 2.3
$487,001 - $609,000 3.3
$365,001 - $487,000 25.2
$243,001 - $365,000 52.4
$122,001 - $243,000 11.8
$61,001 - $122,000 0.5
$0 - $61,000 3.5

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
14.4029063635298 63.7820512820513

Number Of Homes And Apartments:
12,045

Rent & Ownership

 

Average Market Rent:
$1,957 / per month

Homeownership Rate

Homeownership
Owners 68.73
Renters 31.27
Vacant 5.88

Housing Market Details

 

Age of Homes

AGE OF Randolph HOMES
2000 or Newer 7.5
1970 - 1999 36.7
1940 - 1969 40.2
1939 or Older 15.5

Types of Homes

TYPE OF Randolph HOMES
Single-Family 61.8
Townhomes 11.0
Small Apt. Buildings 7.0
Apt. Complexes 20.1
Mobile Homes 0.0
Other 0.1

Home Size

SIZE OF Randolph HOMES
No Bedroom 1.71
1 Bedroom 11.13
2 Bedrooms 22.91
3 Bedrooms 47.43
4 Bedrooms 13.04
5 or more bedrooms 3.77

Randolph 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
46.90% 2.25% 5 6
* 10 is highest