Waltham, MA


Highest Appreciating Waltham Neighborhoods Since 2000

Waltham, MA Real Estate Data

Waltham Housing Market Information

With 63,378 people, 23,873 houses or apartments, and a median cost of homes of $507,961, 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 38.18% of the city's housing units. Other types of housing that are prevalent in Waltham include large apartment complexes or high rise apartments ( 30.17%), duplexes, homes converted to apartments or other small apartment buildings ( 25.50%), and a few row houses and other attached homes ( 6.06%).

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 ( 36.76%), 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 ( 31.67%), followed by between 1970-1999 ( 22.82%). There's also some housing in Waltham built between 2000 and later ( 8.74%).

Waltham Home Appreciation Rates

Appreciation rates for homes in Waltham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.98%, which ranks in the top 30% nationwide. This equates to an annual average Waltham house appreciation rate of 1.41%.

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 6.67%, which is higher than appreciation rates in 81.75% 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 1.57%, which equates to an annual appreciation rate of 6.42%.

Relative to Massachusetts, our data show that Waltham's latest annual appreciation rate is higher than 80% 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
> $1,244,000 0.4
$933,001 - $1,244,000 2.1
$622,001 - $933,000 18.7
$498,001 - $622,000 30.2
$373,001 - $498,000 32.2
$249,001 - $373,000 11.0
$124,001 - $249,000 2.9
$62,001 - $124,000 0.5
$0 - $62,000 2.0

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
5.97294606781051 24.3589743589744

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,866 / per month

Homeownership Rate

Owners 43.35
Renters 56.65
Vacant 7.10

Housing Market Details


Age of Homes

2000 or Newer 8.7
1970 - 1999 22.8
1940 - 1969 31.7
1939 or Older 36.8

Types of Homes

Single-Family 38.2
Townhomes 6.1
Small Apt. Buildings 25.5
Apt. Complexes 30.2
Mobile Homes 0.1
Other 0.0

Home Size

No Bedroom 3.45
1 Bedroom 21.71
2 Bedrooms 33.97
3 Bedrooms 29.49
4 Bedrooms 9.09
5 or more bedrooms 2.28

Waltham Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
63.68% 2.94% 8 8
* 10 is highest