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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$448,687

Number Of Homes And Apartments:
2,617,497

Massachusetts Home Prices

> $1,187,098
5.7%
5.7%
$890,338 - $1,187,098
6.4%
6.4%
$593,568 - $890,337
18.0%
18.0%
$474,791 - $593,567
14.3%
14.3%
$356,146 - $474,790
20.1%
20.1%
$237,484 - $356,145
20.0%
20.0%
$118,726 - $237,483
12.2%
12.2%
$59,395 - $118,725
1.7%
1.7%
$0 - $59,394
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:
2020 Q3 - 2020 Q4
1.97% 8.14%
6
Last 12 Months:
2019 Q4 - 2020 Q4
5.73% 5.73%
5
Last 2 Years:
2018 Q4 - 2020 Q4
10.83% 5.28%
5
Last 5 Years:
2015 Q4 - 2020 Q4
28.99% 5.22%
6
Last 10 Years:
2010 Q4 - 2020 Q4
42.83% 3.63%
7
Since 2000:
2000 Q1 - 2020 Q4
117.47% 3.81%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,197 / per month

Homeownership Rate

Owners
60.1%
60.1%
Renters
39.9%
39.9%
Vacant
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
10.4%
10.4%
1970 - 1999
30.1%
30.1%
1940 - 1969
27.0%
27.0%
1939 or Older
32.5%
32.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
52.1%
52.1%
Townhomes
5.3%
5.3%
Small Apt. Buildings
20.6%
20.6%
Apt. Complexes
21.2%
21.2%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
13.6%
13.6%
2 Bedrooms
28.1%
28.1%
3 Bedrooms
34.6%
34.6%
4 Bedrooms
16.6%
16.6%
5 or more bedrooms
4.4%
4.4%
0.0% 100.0%
% OF HOMES