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Sturbridge, MA Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sturbridge, MA Housing Market Trends

With a population of 9,867, 3,726 total housing units (homes and apartments), and a median house value of $438,960, Sturbridge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sturbridge, accounting for 73.39% of the town's housing units. Other types of housing that are prevalent in Sturbridge include large apartment complexes or high rise apartments ( 11.06%), duplexes, homes converted to apartments or other small apartment buildings ( 5.32%), and a few row houses and other attached homes ( 5.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sturbridge. Owner-occupied housing accounts for 85.50% of Sturbridge's homes, and 62.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sturbridge 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 Sturbridge built between 1940-1969 ( 25.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.33%). There's also some housing in Sturbridge built before 1939 ( 16.70%).

Sturbridge Home Appreciation Rates

Real estate appreciation rates in Sturbridge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.00% during the period.

Over the last year, Sturbridge appreciation rates have trailed the rest of the nation. In the last twelve months, Sturbridge's appreciation rate has been 10.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sturbridge were at 1.32%, which equates to an annual appreciation rate of 5.39%.

Notably, Sturbridge's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Massachusetts, our data show that Sturbridge's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$438,960

Sturbridge, MA HOME PRICES

> $1,334,000
$1,000,001 - $1,334,000
$667,001 - $1,000,000
$534,001 - $667,000
$400,001 - $534,000
$267,001 - $400,000
$133,001 - $267,000
$66,001 - $133,000
$0 - $66,000
1.8%
1.8%
0.8%
0.8%
1.0%
1.0%
19.7%
19.7%
28.7%
28.7%
29.9%
29.9%
15.2%
15.2%
2.3%
2.3%
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for MA

Value Relative To Nation

Number Of Homes And Apartments:
3,726

Sturbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
100.96% 3.15%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,869 / per month

Homeownership Rate

Owners
Renters
Vacant
85.5%
85.5%
14.5%
14.5%
6.1%
6.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.3%
20.3%
37.0%
37.0%
25.9%
25.9%
16.7%
16.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.4%
73.4%
5.2%
5.2%
5.3%
5.3%
11.1%
11.1%
5.0%
5.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
4.6%
4.6%
30.1%
30.1%
42.3%
42.3%
20.5%
20.5%
2.4%
2.4%
0.0% 100.0%
% OF HOMES