Salisbury, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Salisbury, MA Real Estate 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Salisbury Housing Market Information

With 9,261 people, 3,446 houses or apartments, and a median cost of homes of $352,756, 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 53.21% 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 ( 24.53%), large apartment complexes or high rise apartments ( 9.29%), and a few mobile homes or trailers ( 6.79%).

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 72.76% of Salisbury's homes, and 53.23% 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 ( 23.56%). A lesser amount of the housing stock also hails from before 1939 ( 21.33%). There's also some housing in Salisbury built between 2000 and later ( 16.21%).

Vacant housing appears to be an issue in Salisbury. Fully 23.98% 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 -0.36% during the period.

Appreciation rates are so strong in Salisbury that despite a nationwide downturn in the housing market, Salisbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Salisbury appreciation rates continue to be some of the highest in America, at 5.67%, which is higher than appreciation rates in 71.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Salisbury. Salisbury appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Salisbury's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$352,756

Salisbury, MA HOME PRICES

Value Range
> $1,156,000 0.9
$867,001 - $1,156,000 2.3
$578,001 - $867,000 10.8
$462,001 - $578,000 12.3
$347,001 - $462,000 25.5
$231,001 - $347,000 33.5
$116,001 - $231,000 8.9
$58,001 - $116,000 3.1
$0 - $58,000 2.6

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
12.0004687683113 55.4487179487179

Number Of Homes And Apartments:
3,446

Salisbury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.32% 2.51% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,728 / per month

Homeownership Rate

Homeownership
Owners 72.76
Renters 27.24
Vacant 23.98

Housing Market Details

 

Age of Homes

AGE OF Salisbury HOMES
2000 or Newer 16.2
1970 - 1999 38.9
1940 - 1969 23.6
1939 or Older 21.3

Types of Homes

TYPE OF Salisbury HOMES
Single-Family 53.2
Townhomes 6.2
Small Apt. Buildings 24.5
Apt. Complexes 9.3
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Salisbury HOMES
No Bedroom 0.55
1 Bedroom 10.92
2 Bedrooms 30.07
3 Bedrooms 38.94
4 Bedrooms 14.30
5 or more bedrooms 5.23

Popular Neighborhoods in Salisbury

Zip Codes in Salisbury, MA