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 a population of 9,190, 3,691 total housing units (homes and apartments), and a median house value of $442,662, Southwick real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Southwick homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Southwick, accounting for 76.58% of the town's housing units. Other types of housing that are prevalent in Southwick include duplexes, homes converted to apartments or other small apartment buildings ( 9.59%), row houses and other attached homes ( 7.33%), and a few large apartment complexes or high rise apartments ( 6.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southwick. Owner-occupied housing accounts for 85.75% of Southwick's homes, and 68.59% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Southwick 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 Southwick built between 1940-1969 ( 27.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.78%). There's also some housing in Southwick built before 1939 ( 8.31%).
Southwick's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Southwick during the period has been just 5.12%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Southwick's appreciation rate, at 6.30%, has been at or slightly above the national average. In the latest quarter, Southwick's appreciation rate has been 3.19%, which annualizes to a rate of 13.40%.
Importantly, this makes Southwick 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 Southwick's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.
$442,662
for Massachusetts
for nation
3,691
$2,022 / per month