Sturbridge, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sturbridge Neighborhoods Since 2000




Sturbridge, 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

Sturbridge Housing Market Information

With 9,514 people, 3,609 houses or apartments, and a median cost of homes of $323,944, real estate costs in Sturbridge 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 Sturbridge, accounting for 75.70% of the town's housing units. Other types of housing that are prevalent in Sturbridge include large apartment complexes or high rise apartments ( 12.11%), mobile homes or trailers ( 4.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.26%).

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 80.69% of Sturbridge's homes, and 64.74% 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 2000 and later ( 21.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.26%). There's also some housing in Sturbridge built before 1939 ( 9.73%).

Sturbridge Home Appreciation Rates

Sturbridge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sturbridge during the period has been just -1.27%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sturbridge's appreciation rate, at 4.74%, has been at or slightly above the national average. In the latest quarter, Sturbridge's appreciation rate has been 0.33%, which annualizes to a rate of 1.33%.

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

Average Home Values

 

Median Home Value:
$323,944

Sturbridge, MA HOME PRICES

Value Range
> $1,089,000 1.3
$817,001 - $1,089,000 0.4
$544,001 - $817,000 8.5
$436,001 - $544,000 6.8
$327,001 - $436,000 27.7
$218,001 - $327,000 36.2
$109,001 - $218,000 14.1
$54,001 - $109,000 2.7
$0 - $54,000 2.3

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
14.2095394351342 62.8205128205128

Number Of Homes And Apartments:
3,609

Sturbridge 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
34.10% 1.72% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,093 / per month

Homeownership Rate

Homeownership
Owners 80.69
Renters 19.31
Vacant 9.50

Housing Market Details

 

Age of Homes

AGE OF Sturbridge HOMES
2000 or Newer 22.0
1970 - 1999 48.0
1940 - 1969 20.3
1939 or Older 9.7

Types of Homes

TYPE OF Sturbridge HOMES
Single-Family 75.7
Townhomes 3.2
Small Apt. Buildings 4.3
Apt. Complexes 12.1
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Sturbridge HOMES
No Bedroom 0.78
1 Bedroom 6.75
2 Bedrooms 22.69
3 Bedrooms 38.19
4 Bedrooms 26.55
5 or more bedrooms 5.04