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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Walpole, MA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Walpole, MA Housing Market Trends

With a population of 26,277, 9,357 total housing units (homes and apartments), and a median house value of $783,703, real estate costs in Walpole 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 Walpole, accounting for 72.48% of the town's housing units. Other types of housing that are prevalent in Walpole include large apartment complexes or high rise apartments ( 13.85%), row houses and other attached homes ( 7.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Walpole. Owner-occupied housing accounts for 80.50% of Walpole's homes, and 67.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Walpole 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 Walpole built between 1940-1969 ( 32.80%). A lesser amount of the housing stock also hails from before 1939 ( 15.70%). There's also some housing in Walpole built between 2000 and later ( 14.01%).

Walpole Home Appreciation Rates

Real estate appreciation rates in Walpole's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.43% during the period.

NeighborhoodScout's data show that during the latest twelve months, Walpole's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Walpole's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

Relative to Massachusetts, our data show that Walpole's latest annual appreciation rate is lower than 70% 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 Walpole differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Walpole - 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 Walpole real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$783,703

Walpole, MA Home Prices
> $1,251,000
$938,001 - $1,251,000
$626,001 - $938,000
$500,001 - $626,000
$375,001 - $500,000
$250,001 - $375,000
$125,001 - $250,000
$62,001 - $125,000
$0 - $62,000
9.1%
9.1%
20.9%
20.9%
41.3%
41.3%
18.0%
18.0%
6.1%
6.1%
1.6%
1.6%
0.7%
0.7%
1.2%
1.2%
1.3%
1.3%
0% 100.0%
% of Homes
High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

9,357

Walpole Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,255 / per month

Homeownership Rate

Owners
Renters
80.5%
80.5%
19.5%
19.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.9%
3.9%
96.1%
96.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.0%
14.0%
37.5%
37.5%
32.8%
32.8%
15.7%
15.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.5%
72.5%
7.3%
7.3%
6.3%
6.3%
13.8%
13.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
7.7%
7.7%
17.8%
17.8%
36.7%
36.7%
30.4%
30.4%
6.5%
6.5%
0% 100.0%
% of Homes