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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Walpole Housing Market Information

With 25,209 people, 8,916 houses or apartments, and a median cost of homes of $585,336, 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 73.74% of the town's housing units. Other types of housing that are prevalent in Walpole include large apartment complexes or high rise apartments ( 11.36%), duplexes, homes converted to apartments or other small apartment buildings ( 7.78%), and a few row houses and other attached homes ( 7.12%).

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 81.13% of Walpole's homes, and 64.82% 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 ( 33.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.73%). There's also some housing in Walpole built before 1939 ( 14.51%).

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 35.99%, which ranks in the top 40% nationwide. This equates to an annual average Walpole house appreciation rate of 3.12%.

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 3.40%, 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 0.97%, which equates to an annual appreciation rate of 3.96%.

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.

Average Home Values

 

Median Home Value:
$585,336

Walpole, MA HOME PRICES

Value Range
> $1,180,000 2.9
$885,001 - $1,180,000 6.5
$590,001 - $885,000 30.8
$472,001 - $590,000 27.8
$354,001 - $472,000 21.8
$236,001 - $354,000 6.8
$118,001 - $236,000 2.0
$59,001 - $118,000 0.5
$0 - $59,000 0.9

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
5.50656934306569 22.4358974358974

Number Of Homes And Apartments:
8,916

Walpole Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
75.11% 2.77%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,136 / per month

Homeownership Rate

Homeownership
Owners 81.13
Renters 18.87
Vacant 3.52

Housing Market Details

 

Age of Homes

AGE OF Walpole HOMES
2000 or Newer 14.7
1970 - 1999 37.6
1940 - 1969 33.2
1939 or Older 14.5

Types of Homes

TYPE OF Walpole HOMES
Single-Family 73.7
Townhomes 7.1
Small Apt. Buildings 7.8
Apt. Complexes 11.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Walpole HOMES
No Bedroom 1.53
1 Bedroom 6.71
2 Bedrooms 20.25
3 Bedrooms 33.35
4 Bedrooms 31.47
5 or more bedrooms 6.70