Tewksbury, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tewksbury, MA Real Estate Data


Tewksbury Housing Market Information

With 30,915 people, 11,153 houses or apartments, and a median cost of homes of $389,832, 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 70.86% of the town's housing units. Other types of housing that are prevalent in Tewksbury include row houses and other attached homes ( 12.76%), large apartment complexes or high rise apartments ( 10.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.96%).

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 83.03% of Tewksbury's homes, and 64.95% 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 ( 35.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.97%). There's also some housing in Tewksbury built before 1939 ( 6.57%).

Tewksbury Home Appreciation Rates

Real estate appreciation rates in Tewksbury's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.08% during the period.

Appreciation rates are so strong in Tewksbury that despite a nationwide downturn in the housing market, Tewksbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tewksbury appreciation rates continue to be some of the highest in America, at 5.90%, which is higher than appreciation rates in 72.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tewksbury. Tewksbury appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.42%.

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:
$389,832

Tewksbury, MA HOME PRICES

Value Range
> $1,194,000 0.3
$895,001 - $1,194,000 0.2
$597,001 - $895,000 6.6
$478,001 - $597,000 15.9
$359,001 - $478,000 37.5
$239,001 - $359,000 31.2
$120,001 - $239,000 4.0
$60,001 - $120,000 0.1
$0 - $60,000 4.2

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
10.2477015869298 45.8333333333333

Number Of Homes And Apartments:
11,153

Rent & Ownership

 

Average Market Rent:
$1,590 / per month

Homeownership Rate

Homeownership
Owners 83.03
Renters 16.97
Vacant 3.91

Housing Market Details

 

Age of Homes

AGE OF Tewksbury HOMES
2000 or Newer 11.0
1970 - 1999 47.0
1940 - 1969 35.4
1939 or Older 6.6

Types of Homes

TYPE OF Tewksbury HOMES
Single-Family 70.9
Townhomes 12.8
Small Apt. Buildings 4.0
Apt. Complexes 10.6
Mobile Homes 1.7
Other 0.1

Home Size

SIZE OF Tewksbury HOMES
No Bedroom 0.34
1 Bedroom 7.67
2 Bedrooms 24.04
3 Bedrooms 45.32
4 Bedrooms 19.63
5 or more bedrooms 3.01

Tewksbury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.59% 2.28% 5 6
* 10 is highest