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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$425,133

Number Of Homes And Apartments:
2,601,914

Massachusetts Home Prices

Value Range
> $1,169,119 5.1
$876,953 - $1,169,119 5.6
$584,692 - $876,952 16.5
$467,685 - $584,691 13.9
$350,768 - $467,684 20.3
$233,888 - $350,767 21.3
$116,869 - $233,887 13.4
$58,486 - $116,868 1.9
$0 - $58,485 2.1

Massachusetts Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q3 - 2019 Q4
0.98% 4.00%
7
Last 12 Months:
2018 Q4 - 2019 Q4
4.79% 4.79%
5
Last 2 Years:
2017 Q4 - 2019 Q4
10.42% 5.08%
5
Last 5 Years:
2014 Q4 - 2019 Q4
29.04% 5.23%
6
Last 10 Years:
2009 Q4 - 2019 Q4
36.52% 3.16%
7
Since 2000:
2000 Q1 - 2019 Q4
108.47% 3.79%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,065 / per month

Homeownership Rate

Homeownership
Owners 60.02
Renters 39.98
Vacant 9.74

Housing Details

Age of Homes

AGE OF Massachusetts HOMES
2000 or Newer 9.7
1970 - 1999 30.1
1940 - 1969 27.1
1939 or Older 33.1

Types of Homes

TYPE OF Massachusetts HOMES
Single-Family 52.1
Townhomes 5.4
Small Apt. Buildings 20.7
Apt. Complexes 21.0
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Massachusetts HOMES
No Bedroom 2.88
1 Bedroom 13.56
2 Bedrooms 28.19
3 Bedrooms 34.58
4 Bedrooms 16.39
5 or more bedrooms 4.40