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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 12,421 people, 4,022 houses or apartments, and a median cost of homes of $607,920, real estate costs in Tyngsborough 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 Tyngsborough, accounting for 68.82% of the town's housing units. Other types of housing that are prevalent in Tyngsborough include row houses and other attached homes ( 15.15%), large apartment complexes or high rise apartments ( 10.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.88%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tyngsborough. Owner-occupied housing accounts for 85.26% of Tyngsborough's homes, and 60.78% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Tyngsborough 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 Tyngsborough built between 2000 and later ( 25.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.65%). There's also some housing in Tyngsborough built before 1939 ( 5.55%).
Appreciation rates for homes in Tyngsborough have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 73.43%, which ranks in the top 50% nationwide. This equates to an annual average Tyngsborough house appreciation rate of 5.66%.
Over the last year, Tyngsborough appreciation rates have trailed the rest of the nation. In the last twelve months, Tyngsborough's appreciation rate has been 6.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tyngsborough were at -1.62%, which equates to an annual appreciation rate of -6.32%.
Notably, Tyngsborough's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Massachusetts, our data show that Tyngsborough's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.
Very High for Nation
High for MA