Tewksbury, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tewksbury, 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

Tewksbury Housing Market Information

With a population of 30,915, 11,199 total housing units (homes and apartments), and a median house value of $403,842, real estate costs in Tewksbury 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 Tewksbury, accounting for 70.80% of the town's housing units. Other types of housing that are prevalent in Tewksbury include row houses and other attached homes ( 12.78%), large apartment complexes or high rise apartments ( 11.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tewksbury. Owner-occupied housing accounts for 83.77% of Tewksbury's homes, and 63.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tewksbury 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 Tewksbury built between 1940-1969 ( 34.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.88%). There's also some housing in Tewksbury built before 1939 ( 6.66%).

Tewksbury Home Appreciation Rates

Appreciation rates for homes in Tewksbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.35%, which ranks in the top 50% nationwide. This equates to an annual average Tewksbury house appreciation rate of 0.13%.

NeighborhoodScout's data show that during the latest twelve months, Tewksbury's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, Tewksbury's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Tewksbury's latest annual appreciation rate is higher than 60% 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 Tewksbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tewksbury - 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 Tewksbury real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$403,842

Tewksbury, MA HOME PRICES

Value Range
> $1,171,000 0.2
$879,001 - $1,171,000 0.5
$586,001 - $879,000 6.4
$469,001 - $586,000 18.2
$352,001 - $469,000 36.5
$234,001 - $352,000 31.1
$117,001 - $234,000 3.5
$59,001 - $117,000 0.2
$0 - $59,000 3.5

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
9.34020860189851 41.9871794871795

Number Of Homes And Apartments:
11,199

Tewksbury 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
47.50% 2.28% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,228 / per month

Homeownership Rate

Homeownership
Owners 83.77
Renters 16.23
Vacant 3.43

Housing Market Details

 

Age of Homes

AGE OF Tewksbury HOMES
2000 or Newer 11.9
1970 - 1999 47.0
1940 - 1969 34.5
1939 or Older 6.7

Types of Homes

TYPE OF Tewksbury HOMES
Single-Family 70.8
Townhomes 12.8
Small Apt. Buildings 3.9
Apt. Complexes 11.3
Mobile Homes 1.2
Other 0.1

Home Size

SIZE OF Tewksbury HOMES
No Bedroom 0.23
1 Bedroom 7.38
2 Bedrooms 25.08
3 Bedrooms 43.02
4 Bedrooms 20.72
5 or more bedrooms 3.57