Walpole, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Walpole, MA Real Estate Data

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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Walpole Housing Market Information

With a population of 25,125, 8,990 total housing units (homes and apartments), and a median house value of $502,854, 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 74.89% of the town's housing units. Other types of housing that are prevalent in Walpole include large apartment complexes or high rise apartments ( 11.46%), duplexes, homes converted to apartments or other small apartment buildings ( 7.81%), and a few row houses and other attached homes ( 5.84%).

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 80.99% of Walpole's homes, and 64.09% 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 ( 31.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.86%). There's also some housing in Walpole built before 1939 ( 14.37%).

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 13.55%, which ranks in the top 40% nationwide. This equates to an annual average Walpole house appreciation rate of 1.28%.

NeighborhoodScout's data show that during the latest twelve months, Walpole's appreciation rate, at 5.37%, has been at or slightly above the national average. In the latest quarter, Walpole's appreciation rate has been 1.28%, which annualizes to a rate of 5.22%.

Relative to Massachusetts, our data show that Walpole's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$502,854

Walpole, MA HOME PRICES

Value Range
> $1,178,563 3.2
$883,905 - $1,178,563 6.2
$589,521 - $883,904 21.4
$471,282 - $589,520 28.8
$353,709 - $471,281 25.2
$235,813 - $353,708 10.5
$117,983 - $235,812 2.7
$58,792 - $117,982 0.4
$0 - $58,791 1.5

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.54598540145985 26.9230769230769

Number Of Homes And Apartments:
8,990

Walpole Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
60.66% 2.63%
6
6
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$2,167 / per month

Homeownership Rate

Homeownership
Owners 80.99
Renters 19.01
Vacant 2.36

Housing Market Details

 

Age of Homes

AGE OF Walpole HOMES
2000 or Newer 14.9
1970 - 1999 39.4
1940 - 1969 31.4
1939 or Older 14.4

Types of Homes

TYPE OF Walpole HOMES
Single-Family 74.9
Townhomes 5.8
Small Apt. Buildings 7.8
Apt. Complexes 11.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Walpole HOMES
No Bedroom 0.31
1 Bedroom 7.35
2 Bedrooms 20.10
3 Bedrooms 35.64
4 Bedrooms 28.46
5 or more bedrooms 8.14