Townsend, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Townsend, MA Real Estate Data


Townsend Housing Market Information

With a population of 9,515, 3,288 total housing units (homes and apartments), and a median house value of $297,508, Townsend real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Townsend, accounting for 82.00% of the town's housing units. Other types of housing that are prevalent in Townsend include large apartment complexes or high rise apartments ( 8.67%), duplexes, homes converted to apartments or other small apartment buildings ( 4.81%), and a few row houses and other attached homes ( 4.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Townsend. Owner-occupied housing accounts for 82.78% of Townsend's homes, and 72.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Townsend 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 Townsend built before 1939 ( 18.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.43%). There's also some housing in Townsend built between 2000 and later ( 8.50%).

Townsend Home Appreciation Rates

Townsend's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Townsend during the period has been just -1.25%, which is lower than 80% of US communities.

Appreciation rates are so strong in Townsend that despite a nationwide downturn in the housing market, Townsend real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Townsend appreciation rates continue to be some of the highest in America, at 6.12%, which is higher than appreciation rates in 75.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Townsend. Townsend 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 Townsend's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$297,508

Townsend, MA HOME PRICES

Value Range
> $1,140,000 0.2
$855,001 - $1,140,000 0.0
$570,001 - $855,000 1.6
$456,001 - $570,000 6.2
$342,001 - $456,000 18.6
$228,001 - $342,000 60.5
$114,001 - $228,000 9.2
$57,001 - $114,000 2.4
$0 - $57,000 1.4

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
17.1283012238684 72.4358974358974

Number Of Homes And Apartments:
3,288

Rent & Ownership

 

Average Market Rent:
$1,382 / per month

Homeownership Rate

Homeownership
Owners 82.78
Renters 17.22
Vacant 6.48

Housing Market Details

 

Age of Homes

AGE OF Townsend HOMES
2000 or Newer 8.5
1970 - 1999 55.9
1940 - 1969 17.4
1939 or Older 18.1

Types of Homes

TYPE OF Townsend HOMES
Single-Family 82.0
Townhomes 4.5
Small Apt. Buildings 4.8
Apt. Complexes 8.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Townsend HOMES
No Bedroom 2.39
1 Bedroom 8.28
2 Bedrooms 14.62
3 Bedrooms 53.41
4 Bedrooms 18.83
5 or more bedrooms 2.47

Townsend 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
28.16% 1.47% 1 3
* 10 is highest

Popular Neighborhoods in Townsend

Zip Codes in Townsend, MA