Southborough, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Southborough, 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

Southborough Housing Market Information

With a population of 10,038, 3,308 total housing units (homes and apartments), and a median house value of $694,543, Southborough house prices are not only among the most expensive in Massachusetts, Southborough real estate also is some of the most expensive in all of America.

Southborough is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Southborough than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southborough. Owner-occupied housing accounts for 88.49% of Southborough's homes, and 72.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Southborough 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 Southborough built between 1940-1969 ( 26.41%). A lesser amount of the housing stock also hails from before 1939 ( 15.55%). There's also some housing in Southborough built between 2000 and later ( 15.10%).

Southborough Home Appreciation Rates

Appreciation rates for homes in Southborough have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.76%, which ranks in the top 50% nationwide. This equates to an annual average Southborough house appreciation rate of 0.37%.

NeighborhoodScout's data show that during the latest twelve months, Southborough's appreciation rate, at 4.01%, has been at or slightly above the national average. In the latest quarter, Southborough's appreciation rate has been 0.33%, which annualizes to a rate of 1.33%.

Relative to Massachusetts, our data show that Southborough's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$694,543

Southborough, MA HOME PRICES

Value Range
> $1,130,000 9.5
$847,001 - $1,130,000 14.0
$565,001 - $847,000 31.5
$452,001 - $565,000 14.3
$339,001 - $452,000 20.1
$226,001 - $339,000 7.2
$113,001 - $226,000 2.2
$57,001 - $113,000 0.2
$0 - $57,000 0.9

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
2.69541778975741 7.69230769230769

Number Of Homes And Apartments:
3,308

Southborough 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
48.67% 2.33% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,498 / per month

Homeownership Rate

Homeownership
Owners 88.49
Renters 11.51
Vacant 6.47

Housing Market Details

 

Age of Homes

AGE OF Southborough HOMES
2000 or Newer 15.1
1970 - 1999 42.9
1940 - 1969 26.4
1939 or Older 15.5

Types of Homes

TYPE OF Southborough HOMES
Single-Family 84.4
Townhomes 6.1
Small Apt. Buildings 8.5
Apt. Complexes 1.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Southborough HOMES
No Bedroom 0.00
1 Bedroom 4.64
2 Bedrooms 13.97
3 Bedrooms 28.75
4 Bedrooms 43.40
5 or more bedrooms 9.25

Popular Neighborhoods in Southborough

Zip Codes in Southborough, MA