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 18,494 people, 6,449 houses or apartments, and a median cost of homes of $740,076, real estate costs in Sharon 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 Sharon, accounting for 83.27% of the town's housing units. Other types of housing that are prevalent in Sharon include large apartment complexes or high rise apartments ( 8.43%), duplexes, homes converted to apartments or other small apartment buildings ( 5.55%), and a few row houses and other attached homes ( 2.75%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sharon. Owner-occupied housing accounts for 88.22% of Sharon's homes, and 72.81% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sharon 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 Sharon built between 1940-1969 ( 33.24%). A lesser amount of the housing stock also hails from before 1939 ( 15.64%). There's also some housing in Sharon built between 2000 and later ( 8.94%).
Appreciation rates for homes in Sharon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 74.59%, which ranks in the top 50% nationwide. This equates to an annual average Sharon house appreciation rate of 5.73%.
Over the last year, Sharon appreciation rates have trailed the rest of the nation. In the last twelve months, Sharon's appreciation rate has been 11.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sharon were at 4.97%, which equates to an annual appreciation rate of 21.42%.
Relative to Massachusetts, our data show that Sharon's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.
