Massachusetts
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$414,065

Number Of Homes And Apartments:
2,558,889

Massachusetts Home Prices

Value Range
> $1,226,722 3.9
$919,745 - $1,226,722 4.4
$613,325 - $919,744 13.8
$490,441 - $613,324 12.8
$368,011 - $490,440 21.1
$245,397 - $368,010 23.8
$122,730 - $245,396 15.5
$61,283 - $122,729 2.1
$0 - $61,282 2.6

Massachusetts Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
1.94% 8.00%
4
Last 12 Months:
2017 Q2 - 2018 Q2
5.77% 5.77%
5
Last 2 Years:
2016 Q2 - 2018 Q2
13.03% 6.32%
7
Last 5 Years:
2013 Q2 - 2018 Q2
29.56% 5.32%
7
Last 10 Years:
2008 Q2 - 2018 Q2
20.51% 1.88%
8
Since 2000:
2000 Q1 - 2018 Q2
96.20% 3.76%
7
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,846 / per month

Homeownership Rate

Homeownership
Owners 59.78
Renters 40.22
Vacant 9.79

Housing Details

Age of Homes

AGE OF Massachusetts HOMES
2000 or Newer 8.8
1970 - 1999 30.0
1940 - 1969 27.5
1939 or Older 33.7

Types of Homes

TYPE OF Massachusetts HOMES
Single-Family 52.2
Townhomes 5.3
Small Apt. Buildings 21.0
Apt. Complexes 20.7
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Massachusetts HOMES
No Bedroom 2.66
1 Bedroom 13.85
2 Bedrooms 28.21
3 Bedrooms 34.66
4 Bedrooms 16.22
5 or more bedrooms 4.40