Ware, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ware Neighborhoods Since 2000




Ware, 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

Ware Housing Market Information

With a population of 9,888, 4,067 total housing units (homes and apartments), and a median house value of $216,286, Ware real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Ware homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Ware, accounting for 62.20% of the town's housing units. Other types of housing that are prevalent in Ware include duplexes, homes converted to apartments or other small apartment buildings ( 21.91%), large apartment complexes or high rise apartments ( 8.36%), and a few row houses and other attached homes ( 4.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ware. Owner-occupied housing accounts for 71.25% of Ware's homes, and 56.71% have either three or four bedrooms, which is average sized relative to America.

The housing in Ware was primarily built before 1939 ( 38.05%), making the housing stock in Ware some of the oldest overall in America, although there is a range of ages of homes in Ware. The next most important housing age is between 1970-1999 ( 32.42%), followed by between 1940-1969 ( 20.01%). There's also some housing in Ware built between 2000 and later ( 9.52%).

Ware Home Appreciation Rates

Ware's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ware during the period has been just -1.98%, which is lower than 80% of US communities.

Appreciation rates are so strong in Ware that despite a nationwide downturn in the housing market, Ware real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ware appreciation rates continue to be some of the highest in America, at 5.57%, which is higher than appreciation rates in 70.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ware. Ware appreciation rates in the latest quarter were at 1.15%, which equates to an annual appreciation rate of 4.66%.

Relative to Massachusetts, our data show that Ware's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$216,286

Ware, MA HOME PRICES

Value Range
> $1,076,000 0.0
$806,001 - $1,076,000 0.7
$538,001 - $806,000 0.9
$430,001 - $538,000 1.1
$323,001 - $430,000 12.6
$215,001 - $323,000 23.4
$108,001 - $215,000 52.8
$54,001 - $108,000 5.5
$0 - $54,000 3.1

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
28.4483768897223 93.5897435897436

Number Of Homes And Apartments:
4,067

Ware Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
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
47.54% 2.28% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,025 / per month

Homeownership Rate

Homeownership
Owners 71.25
Renters 28.75
Vacant 8.87

Housing Market Details

 

Age of Homes

AGE OF Ware HOMES
2000 or Newer 9.5
1970 - 1999 32.4
1940 - 1969 20.0
1939 or Older 38.0

Types of Homes

TYPE OF Ware HOMES
Single-Family 62.2
Townhomes 4.9
Small Apt. Buildings 21.9
Apt. Complexes 8.4
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Ware HOMES
No Bedroom 0.92
1 Bedroom 10.89
2 Bedrooms 29.71
3 Bedrooms 42.03
4 Bedrooms 14.68
5 or more bedrooms 1.77