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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 25,200, 8,746 total housing units (homes and apartments), and a median house value of $599,831, 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 73.12% of the town's housing units. Other types of housing that are prevalent in Walpole include large apartment complexes or high rise apartments ( 11.66%), duplexes, homes converted to apartments or other small apartment buildings ( 7.65%), and a few row houses and other attached homes ( 7.57%).

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 80.27% of Walpole's homes, and 64.53% 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 ( 33.93%). A lesser amount of the housing stock also hails from before 1939 ( 15.27%). There's also some housing in Walpole built between 2000 and later ( 14.28%).

Walpole Home Appreciation Rates

Appreciation rates for homes in Walpole have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 39.56%, which ranks in the top 50% nationwide. This equates to an annual average Walpole house appreciation rate of 3.39%.

Over the last year, Walpole appreciation rates have trailed the rest of the nation. In the last twelve months, Walpole's appreciation rate has been 4.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Walpole were at 1.49%, which equates to an annual appreciation rate of 6.08%.

Relative to Massachusetts, our data show that Walpole's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$599,831

Walpole, MA HOME PRICES

> $1,156,000
2.9%
2.9%
$867,001 - $1,156,000
7.9%
7.9%
$578,001 - $867,000
33.1%
33.1%
$462,001 - $578,000
27.7%
27.7%
$347,001 - $462,000
20.8%
20.8%
$231,001 - $347,000
5.5%
5.5%
$116,001 - $231,000
1.2%
1.2%
$58,001 - $116,000
0.4%
0.4%
$0 - $58,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MA

Value Relative To Nation

Number Of Homes And Apartments:
8,746

Walpole Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
79.07% 2.78%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,142 / per month

Homeownership Rate

Owners
80.3%
80.3%
Renters
19.7%
19.7%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.3%
14.3%
1970 - 1999
36.5%
36.5%
1940 - 1969
33.9%
33.9%
1939 or Older
15.3%
15.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.1%
73.1%
Townhomes
7.6%
7.6%
Small Apt. Buildings
7.6%
7.6%
Apt. Complexes
11.7%
11.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
7.7%
7.7%
2 Bedrooms
18.7%
18.7%
3 Bedrooms
33.0%
33.0%
4 Bedrooms
31.5%
31.5%
5 or more bedrooms
7.8%
7.8%
0.0% 100.0%
% OF HOMES