South Hadley, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating South Hadley Neighborhoods Since 2000




South Hadley, MA Real Estate Data


South Hadley Housing Market Information

With 17,743 people, 6,988 houses or apartments, and a median cost of homes of $258,259, South Hadley real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, South Hadley homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in South Hadley, accounting for 63.50% of the town's housing units. Other types of housing that are prevalent in South Hadley include large apartment complexes or high rise apartments ( 16.44%), duplexes, homes converted to apartments or other small apartment buildings ( 14.70%), and a few row houses and other attached homes ( 5.37%).

The most prevalent building size and type in South Hadley are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.63% owning and 36.37% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South Hadley's housing was primarily built during this period, from the '40s through the '60s. A full 43.07% of the town's housing hails from this era. Other housing ages represented in South Hadley include homes built between 1970-1999 ( 28.07%) and housing constructed before 1939 ( 22.60%). There's also some housing in South Hadley built between 2000 and later ( 6.27%).

South Hadley Home Appreciation Rates

South Hadley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Hadley during the period has been just -0.97%, which is lower than 70% of US communities.

Over the last year, South Hadley appreciation rates have trailed the rest of the nation. In the last twelve months, South Hadley's appreciation rate has been 2.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Hadley were at 2.65%, which equates to an annual appreciation rate of 11.04%.

Importantly, this makes South Hadley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Massachusetts, our data show that South Hadley's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$258,259

South Hadley, MA HOME PRICES

Value Range
> $1,043,000 0.3
$782,001 - $1,043,000 0.6
$522,001 - $782,000 3.4
$417,001 - $522,000 6.0
$313,001 - $417,000 16.3
$209,001 - $313,000 43.0
$104,001 - $209,000 25.4
$52,001 - $104,000 1.4
$0 - $52,000 3.7

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
21.8129648064648 84.6153846153846

Number Of Homes And Apartments:
6,988

Rent & Ownership

 

Average Market Rent:
$1,163 / per month

Homeownership Rate

Homeownership
Owners 63.63
Renters 36.37
Vacant 6.01

Housing Market Details

 

Age of Homes

AGE OF South Hadley HOMES
2000 or Newer 6.3
1970 - 1999 28.1
1940 - 1969 43.1
1939 or Older 22.6

Types of Homes

TYPE OF South Hadley HOMES
Single-Family 63.5
Townhomes 5.4
Small Apt. Buildings 14.7
Apt. Complexes 16.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Hadley HOMES
No Bedroom 2.31
1 Bedroom 13.38
2 Bedrooms 27.42
3 Bedrooms 37.53
4 Bedrooms 16.46
5 or more bedrooms 2.89

South Hadley 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
46.30% 2.26% 5 5
* 10 is highest