Waltham, MA


Highest Appreciating Waltham Neighborhoods Since 2000

Waltham, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Waltham Housing Market Information

With 63,378 people, 24,248 houses or apartments, and a median cost of homes of $515,984, real estate costs in Waltham 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 Waltham, accounting for 37.72% of the city's housing units. Other types of housing that are prevalent in Waltham include large apartment complexes or high rise apartments ( 30.27%), duplexes, homes converted to apartments or other small apartment buildings ( 25.35%), and a few row houses and other attached homes ( 6.44%).

People in Waltham primarily live in small (one, two or no bedroom) single-family detached homes. Waltham has a mixture of owner-occupied and renter-occupied housing.

The housing in Waltham was primarily built before 1939 ( 35.18%), making the housing stock in Waltham some of the oldest overall in America, although there is a range of ages of homes in Waltham. The next most important housing age is between 1940-1969 ( 31.59%), followed by between 1970-1999 ( 23.92%). There's also some housing in Waltham built between 2000 and later ( 9.32%).

Waltham Home Appreciation Rates

In the last 10 years, Waltham has experienced some of the highest home appreciation rates of any community in the nation. Waltham real estate appreciated 19.92% over the last ten years, which is an average annual home appreciation rate of 1.83%, putting Waltham in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waltham definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Waltham that despite a nationwide downturn in the housing market, Waltham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waltham appreciation rates continue to be some of the highest in America, at 7.47%, which is higher than appreciation rates in 83.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waltham. Waltham appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Waltham's latest annual appreciation rate is higher than 90% 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 city. Individual neighborhoods within Waltham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waltham - 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 Waltham real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,229,000 0.6
$921,001 - $1,229,000 2.4
$614,001 - $921,000 22.1
$492,001 - $614,000 27.9
$368,001 - $492,000 29.7
$246,001 - $368,000 10.8
$123,001 - $246,000 3.8
$62,001 - $123,000 0.8
$0 - $62,000 2.1

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
5.53732567678425 21.1538461538462

Number Of Homes And Apartments:

Waltham Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
69.09% 3.09% 9 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,365 / per month

Homeownership Rate

Owners 44.35
Renters 55.65
Vacant 6.33

Housing Market Details


Age of Homes

2000 or Newer 9.3
1970 - 1999 23.9
1940 - 1969 31.6
1939 or Older 35.2

Types of Homes

Single-Family 37.7
Townhomes 6.4
Small Apt. Buildings 25.3
Apt. Complexes 30.3
Mobile Homes 0.2
Other 0.0

Home Size

No Bedroom 3.63
1 Bedroom 21.84
2 Bedrooms 33.39
3 Bedrooms 29.46
4 Bedrooms 9.45
5 or more bedrooms 2.23