Salisbury, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Salisbury Neighborhoods Since 2000




Salisbury, MA Real Estate Data


Salisbury Housing Market Information

With 9,261 people, 3,297 houses or apartments, and a median cost of homes of $367,525, 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 53.97% 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 ( 23.95%), large apartment complexes or high rise apartments ( 9.75%), and a few row houses and other attached homes ( 6.59%).

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 70.31% of Salisbury's homes, and 53.58% 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 1940-1969 ( 24.11%). A lesser amount of the housing stock also hails from before 1939 ( 19.72%). There's also some housing in Salisbury built between 2000 and later ( 18.21%).

Vacant housing appears to be an issue in Salisbury. Fully 24.57% 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.

Salisbury Home Appreciation Rates

Real estate appreciation rates in Salisbury's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.49% during the period.

NeighborhoodScout's data show that during the latest twelve months, Salisbury's appreciation rate, at 5.48%, has been at or slightly above the national average. In the latest quarter, Salisbury's appreciation rate has been 1.57%, which annualizes to a rate of 6.42%.

Relative to Massachusetts, our data show that Salisbury's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$367,525

Salisbury, MA HOME PRICES

Value Range
> $1,161,000 0.7
$871,001 - $1,161,000 1.9
$581,001 - $871,000 10.7
$464,001 - $581,000 12.8
$348,001 - $464,000 28.1
$232,001 - $348,000 33.6
$116,001 - $232,000 6.7
$58,001 - $116,000 2.2
$0 - $58,000 3.4

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
11.4188674825789 52.8846153846154

Number Of Homes And Apartments:
3,297

Rent & Ownership

 

Average Market Rent:
$1,286 / per month

Homeownership Rate

Homeownership
Owners 70.31
Renters 29.69
Vacant 24.57

Housing Market Details

 

Age of Homes

AGE OF Salisbury HOMES
2000 or Newer 18.2
1970 - 1999 38.0
1940 - 1969 24.1
1939 or Older 19.7

Types of Homes

TYPE OF Salisbury HOMES
Single-Family 54.0
Townhomes 6.6
Small Apt. Buildings 24.0
Apt. Complexes 9.7
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Salisbury HOMES
No Bedroom 0.62
1 Bedroom 11.35
2 Bedrooms 28.85
3 Bedrooms 39.12
4 Bedrooms 14.46
5 or more bedrooms 5.61

Salisbury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.48% 2.47% 6 6
* 10 is highest