West Boylston, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Boylston, 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

West Boylston Housing Market Information

With 7,894 people, 2,178 houses or apartments, and a median cost of homes of $328,608, real estate costs in West Boylston 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 West Boylston, accounting for 68.97% of the town's housing units. Other types of housing that are prevalent in West Boylston include duplexes, homes converted to apartments or other small apartment buildings ( 11.56%), row houses and other attached homes ( 11.08%), and a few large apartment complexes or high rise apartments ( 8.00%).

The most prevalent building size and type in West Boylston are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.18% owning and 42.82% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. West Boylston's housing was primarily built during this period, from the '40s through the '60s. A full 41.93% of the town's housing hails from this era. Other housing ages represented in West Boylston include homes built between 1970-1999 ( 26.95%) and housing constructed before 1939 ( 19.34%). There's also some housing in West Boylston built between 2000 and later ( 11.78%).

West Boylston Home Appreciation Rates

West Boylston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Boylston during the period has been just -1.19%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, West Boylston's appreciation rate, at 4.12%, has been at or slightly above the national average. In the latest quarter, West Boylston's appreciation rate has been 0.33%, which annualizes to a rate of 1.33%.

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

Average Home Values

 

Median Home Value:
$328,608

West Boylston, MA HOME PRICES

Value Range
> $1,109,000 1.2
$832,001 - $1,109,000 0.0
$554,001 - $832,000 2.9
$443,001 - $554,000 8.0
$333,001 - $443,000 23.4
$222,001 - $333,000 47.7
$111,001 - $222,000 14.9
$55,001 - $111,000 0.0
$0 - $55,000 1.8

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
13.8228055783429 61.2179487179487

Number Of Homes And Apartments:
2,178

West Boylston 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
32.16% 1.63% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Homeownership
Owners 57.18
Renters 42.82
Vacant 4.26

Housing Market Details

 

Age of Homes

AGE OF West Boylston HOMES
2000 or Newer 11.8
1970 - 1999 26.9
1940 - 1969 41.9
1939 or Older 19.3

Types of Homes

TYPE OF West Boylston HOMES
Single-Family 69.0
Townhomes 11.1
Small Apt. Buildings 11.6
Apt. Complexes 8.0
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF West Boylston HOMES
No Bedroom 0.00
1 Bedroom 11.56
2 Bedrooms 26.42
3 Bedrooms 42.37
4 Bedrooms 16.75
5 or more bedrooms 2.90

Popular Neighborhoods in West Boylston

Zip Codes in West Boylston, MA