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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 9,189 people, 4,050 houses or apartments, and a median cost of homes of $590,987, real estate costs in Salisbury are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Salisbury, accounting for 54.80% of the town's housing units. Other types of housing that are prevalent in Salisbury include duplexes, homes converted to apartments or other small apartment buildings ( 16.63%), large apartment complexes or high rise apartments ( 12.73%), and a few row houses and other attached homes ( 11.55%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Salisbury. Owner-occupied housing accounts for 76.69% of Salisbury's homes, and 53.76% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Salisbury built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Salisbury built between 2000 and later ( 30.48%). A lesser amount of the housing stock also hails from before 1939 ( 18.91%). There's also some housing in Salisbury built between 1940-1969 ( 18.08%).
Vacant housing appears to be an issue in Salisbury. Fully 20.31% of the housing stock is classified as vacant. Left unchecked, vacant Salisbury homes and apartments can be a drag on the real estate market, holding Salisbury real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Salisbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.93%, which ranks in the top 40% nationwide. This equates to an annual average Salisbury house appreciation rate of 7.07%.
NeighborhoodScout's data show that during the latest twelve months, Salisbury's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Salisbury's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.
Relative to Massachusetts, our data show that Salisbury's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.
$590,987
for Massachusetts
for nation
4,050
$3,551 / per month