Webster, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Webster, MA Real Estate Data


Webster Housing Market Information

With 16,893 people, 6,734 houses or apartments, and a median cost of homes of $251,264, 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 48.31% 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 ( 30.48%), large apartment complexes or high rise apartments ( 16.46%), and a few row houses and other attached homes ( 3.04%).

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 52.71% owning and 47.29% renting.

The housing in Webster was primarily built before 1939 ( 41.45%), making the housing stock in Webster some of the oldest overall in America, although there is a range of ages of homes in Webster. The next most important housing age is between 1940-1969 ( 26.68%), followed by between 1970-1999 ( 25.25%). There's also some housing in Webster built between 2000 and later ( 6.62%).

Vacant housing appears to be an issue in Webster. Fully 14.29% 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

Homes have actually lost value in Webster over the last then years, as home values have seen a decline of 18.87% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Webster home appreciation rates at 1.83%, which equates to an annual appreciation rate of 7.50%.

Over the last year, Webster appreciation rates have trailed the rest of the nation. In the last twelve months, Webster's appreciation rate has been 3.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Webster were at 1.83%, which equates to an annual appreciation rate of 7.50%.

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

Average Home Values

 

Median Home Value:
$251,264

Webster, MA HOME PRICES

Value Range
> $1,072,000 0.0
$804,001 - $1,072,000 0.4
$536,001 - $804,000 5.1
$428,001 - $536,000 3.8
$321,001 - $428,000 8.7
$214,001 - $321,000 37.5
$107,001 - $214,000 35.5
$54,001 - $107,000 5.3
$0 - $54,000 3.7

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
22.9431398957662 86.5384615384615

Number Of Homes And Apartments:
6,734

Rent & Ownership

 

Average Market Rent:
$1,044 / per month

Homeownership Rate

Homeownership
Owners 52.71
Renters 47.29
Vacant 14.29

Housing Market Details

 

Age of Homes

AGE OF Webster HOMES
2000 or Newer 6.6
1970 - 1999 25.3
1940 - 1969 26.7
1939 or Older 41.5

Types of Homes

TYPE OF Webster HOMES
Single-Family 48.3
Townhomes 3.0
Small Apt. Buildings 30.5
Apt. Complexes 16.5
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Webster HOMES
No Bedroom 1.92
1 Bedroom 11.47
2 Bedrooms 31.50
3 Bedrooms 40.30
4 Bedrooms 12.09
5 or more bedrooms 2.72

Webster 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
38.09% 1.92% 3 4
* 10 is highest