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 26,652 people, 9,156 houses or apartments, and a median cost of homes of $655,024, 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 73.56% of the town's housing units. Other types of housing that are prevalent in Walpole include large apartment complexes or high rise apartments ( 10.67%), row houses and other attached homes ( 8.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.73%).
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 80.54% of Walpole's homes, and 70.11% 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 ( 34.37%). A lesser amount of the housing stock also hails from before 1939 ( 15.36%). There's also some housing in Walpole built between 2000 and later ( 13.92%).
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 4.91% during the period.
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 2.90%, 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 -2.10%, which equates to an annual appreciation rate of -8.14%.
Relative to Massachusetts, our data show that Walpole's latest annual appreciation rate is lower 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 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.
$2,956 / per month