Massachusetts
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating MA Cities Since 2000




Massachusetts Real Estate Values & Housing Market 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

Average Home Values

Median Home Value:
$379,072

Number Of Homes And Apartments:
2,549,721

Massachusetts Home Prices

Value Range
> $1,154,000 3.6
$865,001 - $1,154,000 3.9
$577,001 - $865,000 12.8
$461,001 - $577,000 12.6
$346,001 - $461,000 21.6
$231,001 - $346,000 24.7
$115,001 - $231,000 15.9
$58,001 - $115,000 2.2
$0 - $58,000 2.7

Massachusetts Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q4 - 2017 Q1
0.58% 2.33% 5
Last 12 Months:
2016 Q1 - 2017 Q1
4.90% 4.90% 6
Last 2 Years:
2015 Q1 - 2017 Q1
10.31% 5.03% 7
Last 5 Years:
2012 Q1 - 2017 Q1
21.43% 3.96% 7
Last 10 Years:
2007 Q1 - 2017 Q1
3.20% 0.32% 6
Since 2000:
2000 Q1 - 2017 Q1
80.39% 3.53% 7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,654 / per month

Homeownership Rate

Homeownership
Owners 59.80
Renters 40.20
Vacant 9.83

Housing Details

Age of Homes

AGE OF Massachusetts HOMES
2000 or Newer 8.5
1970 - 1999 29.8
1940 - 1969 27.7
1939 or Older 34.0

Types of Homes

TYPE OF Massachusetts HOMES
Single-Family 52.2
Townhomes 5.2
Small Apt. Buildings 21.1
Apt. Complexes 20.6
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Massachusetts HOMES
No Bedroom 2.65
1 Bedroom 13.93
2 Bedrooms 28.18
3 Bedrooms 34.76
4 Bedrooms 16.03
5 or more bedrooms 4.44