Ware, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ware Neighborhoods Since 2000




Ware, MA Real Estate Data


Ware Housing Market Information

With 9,888 people, 4,173 houses or apartments, and a median cost of homes of $194,208, 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 62.40% 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 ( 23.58%), large apartment complexes or high rise apartments ( 8.54%), and a few mobile homes or trailers ( 2.79%).

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 69.85% of Ware's homes, and 57.06% have either three or four bedrooms, which is average sized relative to America.

The housing in Ware was primarily built before 1939 ( 38.01%), 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 ( 34.11%), followed by between 1940-1969 ( 19.59%). There's also some housing in Ware built between 2000 and later ( 8.28%).

Ware Home Appreciation Rates

Homes have actually lost value in Ware over the last then years, as home values have seen a decline of 19.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ware home appreciation rates at 2.65%, which equates to an annual appreciation rate of 11.04%.

Over the last year, Ware appreciation rates have trailed the rest of the nation. In the last twelve months, Ware's appreciation rate has been 1.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ware were at 2.65%, which equates to an annual appreciation rate of 11.04%.

Importantly, this makes Ware one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Massachusetts, our data show that Ware's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$194,208

Ware, MA HOME PRICES

Value Range
> $1,024,000 0.4
$768,001 - $1,024,000 0.0
$512,001 - $768,000 1.4
$410,001 - $512,000 0.5
$307,001 - $410,000 12.1
$205,001 - $307,000 29.2
$102,001 - $205,000 47.9
$51,001 - $102,000 5.3
$0 - $51,000 3.3

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
34.5845288985185 95.8333333333333

Number Of Homes And Apartments:
4,173

Rent & Ownership

 

Average Market Rent:
$948 / per month

Homeownership Rate

Homeownership
Owners 69.85
Renters 30.15
Vacant 9.05

Housing Market Details

 

Age of Homes

AGE OF Ware HOMES
2000 or Newer 8.3
1970 - 1999 34.1
1940 - 1969 19.6
1939 or Older 38.0

Types of Homes

TYPE OF Ware HOMES
Single-Family 62.4
Townhomes 2.7
Small Apt. Buildings 23.6
Apt. Complexes 8.5
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Ware HOMES
No Bedroom 1.46
1 Bedroom 9.92
2 Bedrooms 29.62
3 Bedrooms 41.28
4 Bedrooms 15.78
5 or more bedrooms 1.94

Ware Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
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
43.68% 2.15% 4 5
* 10 is highest