Webster, MA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Webster, MA Housing Market Trends

With 16,949 people, 6,946 houses or apartments, and a median cost of homes of $263,286, Webster real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Webster homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Webster, accounting for 48.94% of the town's housing units. Other types of housing that are prevalent in Webster include duplexes, homes converted to apartments or other small apartment buildings ( 31.21%), large apartment complexes or high rise apartments ( 14.42%), and a few row houses and other attached homes ( 4.32%).

The most prevalent building size and type in Webster are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.56% owning and 46.44% renting.

There is a lot of housing in Webster 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 Webster built before 1939 ( 30.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.32%). There's also some housing in Webster built between 2000 and later ( 8.25%).

Vacant housing appears to be an issue in Webster. Fully 11.29% of the housing stock is classified as vacant. Left unchecked, vacant Webster homes and apartments can be a drag on the real estate market, holding Webster real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Webster Home Appreciation Rates

Appreciation rates for homes in Webster have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 35.05%, which ranks in the top 50% nationwide. This equates to an annual average Webster house appreciation rate of 3.05%.

Appreciation rates are so strong in Webster that despite a nationwide downturn in the housing market, Webster real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Webster appreciation rates continue to be some of the highest in America, at 6.37%, which is higher than appreciation rates in 71.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Webster. Webster appreciation rates in the latest quarter were at 2.94%, which equates to an annual appreciation rate of 12.29%.

Importantly, this makes Webster 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 Webster's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$263,286

Webster, MA HOME PRICES

> $1,239,000
2.1%
2.1%
$929,001 - $1,239,000
2.5%
2.5%
$619,001 - $929,000
5.9%
5.9%
$496,001 - $619,000
2.5%
2.5%
$372,001 - $496,000
7.9%
7.9%
$248,001 - $372,000
39.8%
39.8%
$124,001 - $248,000
35.3%
35.3%
$62,001 - $124,000
1.9%
1.9%
$0 - $62,000
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for MA

Value Relative To Nation

Number Of Homes And Apartments:
6,946

Webster Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
83.12% 2.92%
6
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,394 / per month

Homeownership Rate

Owners
53.6%
53.6%
Renters
46.4%
46.4%
Vacant
11.3%
11.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.3%
8.3%
1970 - 1999
31.5%
31.5%
1940 - 1969
29.3%
29.3%
1939 or Older
30.9%
30.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
48.9%
48.9%
Townhomes
4.3%
4.3%
Small Apt. Buildings
31.2%
31.2%
Apt. Complexes
14.4%
14.4%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
10.7%
10.7%
2 Bedrooms
33.0%
33.0%
3 Bedrooms
41.3%
41.3%
4 Bedrooms
9.3%
9.3%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES