Massachusetts
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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:
$446,665

Number Of Homes And Apartments:
2,598,277

Massachusetts Home Prices

> $1,217,550
5.1%
5.1%
$913,194 - $1,217,550
5.6%
5.6%
$608,838 - $913,193
16.5%
16.5%
$487,045 - $608,837
13.9%
13.9%
$365,243 - $487,044
20.3%
20.3%
$243,522 - $365,242
21.3%
21.3%
$121,794 - $243,521
13.4%
13.4%
$60,935 - $121,793
1.9%
1.9%
$0 - $60,934
2.1%
2.1%
0.0% 100.0%
% OF HOMES

Massachusetts Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
1.86% 7.64%
6
Last 12 Months:
2019 Q3 - 2020 Q3
4.51% 4.51%
5
Last 2 Years:
2018 Q3 - 2020 Q3
8.78% 4.30%
4
Last 5 Years:
2015 Q3 - 2020 Q3
27.38% 4.96%
6
Last 10 Years:
2010 Q3 - 2020 Q3
40.23% 3.44%
7
Since 2000:
2000 Q1 - 2020 Q3
113.55% 3.77%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,135 / per month

Homeownership Rate

Owners
60.0%
60.0%
Renters
40.0%
40.0%
Vacant
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
9.7%
9.7%
1970 - 1999
30.1%
30.1%
1940 - 1969
27.1%
27.1%
1939 or Older
33.1%
33.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
52.1%
52.1%
Townhomes
5.4%
5.4%
Small Apt. Buildings
20.7%
20.7%
Apt. Complexes
21.0%
21.0%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
13.6%
13.6%
2 Bedrooms
28.2%
28.2%
3 Bedrooms
34.6%
34.6%
4 Bedrooms
16.4%
16.4%
5 or more bedrooms
4.4%
4.4%
0.0% 100.0%
% OF HOMES