Stoneham, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stoneham, 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

Stoneham Housing Market Information

With 22,002 people, 9,055 houses or apartments, and a median cost of homes of $489,694, real estate costs in Stoneham 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 Stoneham, accounting for 54.87% of the town's housing units. Other types of housing that are prevalent in Stoneham include large apartment complexes or high rise apartments ( 30.84%), duplexes, homes converted to apartments or other small apartment buildings ( 11.97%), and a few row houses and other attached homes ( 2.20%).

The most prevalent building size and type in Stoneham are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.86% owning and 35.14% 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. Stoneham's housing was primarily built during this period, from the '40s through the '60s. A full 35.76% of the town's housing hails from this era. Other housing ages represented in Stoneham include homes built between 1970-1999 ( 33.60%) and housing constructed before 1939 ( 26.58%). There's also some housing in Stoneham built between 2000 and later ( 4.06%).

Stoneham Home Appreciation Rates

In the last 10 years, Stoneham has experienced some of the highest home appreciation rates of any community in the nation. Stoneham real estate appreciated 14.90% over the last ten years, which is an average annual home appreciation rate of 1.40%, putting Stoneham in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Stoneham definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Stoneham that despite a nationwide downturn in the housing market, Stoneham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stoneham appreciation rates continue to be some of the highest in America, at 7.00%, which is higher than appreciation rates in 81.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stoneham. Stoneham 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 Stoneham's latest annual appreciation rate is higher than 80% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Stoneham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stoneham - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Stoneham real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$489,694

Stoneham, MA HOME PRICES

Value Range
> $1,214,000 0.3
$911,001 - $1,214,000 1.7
$607,001 - $911,000 21.1
$485,001 - $607,000 25.9
$364,001 - $485,000 31.4
$243,001 - $364,000 11.2
$121,001 - $243,000 4.1
$61,001 - $121,000 1.1
$0 - $61,000 3.2

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.18188210476972 24.6794871794872

Number Of Homes And Apartments:
9,055

Stoneham 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
62.99% 2.87% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,886 / per month

Homeownership Rate

Homeownership
Owners 64.86
Renters 35.14
Vacant 3.73

Housing Market Details

 

Age of Homes

AGE OF Stoneham HOMES
2000 or Newer 4.1
1970 - 1999 33.6
1940 - 1969 35.8
1939 or Older 26.6

Types of Homes

TYPE OF Stoneham HOMES
Single-Family 54.9
Townhomes 2.2
Small Apt. Buildings 12.0
Apt. Complexes 30.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Stoneham HOMES
No Bedroom 2.08
1 Bedroom 15.69
2 Bedrooms 27.84
3 Bedrooms 38.37
4 Bedrooms 13.15
5 or more bedrooms 2.86