Massachusetts
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Massachusetts Real Estate Market & Appreciation

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$521,797

Number Of Homes And Apartments:
2,646,980

Massachusetts Home Prices

> $1,295,724
$971,770 - $1,295,724
$647,930 - $971,769
$518,208 - $647,929
$388,713 - $518,207
$259,114 - $388,712
$129,585 - $259,113
$64,788 - $129,584
$0 - $64,787
6.6%
6.6%
7.4%
7.4%
19.9%
19.9%
14.7%
14.7%
19.6%
19.6%
18.2%
18.2%
10.5%
10.5%
1.5%
1.5%
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Massachusetts Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q4 - 2022 Q1
2.45% 10.16%
2
Last 12 Months:
2021 Q1 - 2022 Q1
16.15% 16.15%
4
Last 2 Years:
2020 Q1 - 2022 Q1
24.45% 11.56%
4
Last 5 Years:
2017 Q1 - 2022 Q1
44.49% 7.64%
6
Last 10 Years:
2012 Q1 - 2022 Q1
73.44% 5.66%
6
Since 2000:
2000 Q1 - 2022 Q1
157.61% 4.40%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,469 / per month

Homeownership Rate

Owners
Renters
Vacant
60.3%
60.3%
39.7%
39.7%
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.1%
11.1%
30.1%
30.1%
26.9%
26.9%
31.9%
31.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.1%
52.1%
5.4%
5.4%
20.3%
20.3%
21.3%
21.3%
0.8%
0.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.8%
2.8%
13.5%
13.5%
27.9%
27.9%
34.5%
34.5%
16.6%
16.6%
4.5%
4.5%
0.0% 100.0%
% OF HOMES