West Boylston, 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

West Boylston, MA Housing Market Trends

With 8,077 people, 2,336 houses or apartments, and a median cost of homes of $401,529, 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 70.90% of the town's housing units. Other types of housing that are prevalent in West Boylston include row houses and other attached homes ( 11.54%), duplexes, homes converted to apartments or other small apartment buildings ( 10.46%), and a few large apartment complexes or high rise apartments ( 6.81%).

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 58.67% owning and 41.33% 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 39.36% of the town's housing hails from this era. Other housing ages represented in West Boylston include homes built between 1970-1999 ( 22.32%) and housing constructed before 1939 ( 21.84%). There's also some housing in West Boylston built between 2000 and later ( 16.47%).

West Boylston Home Appreciation Rates

Appreciation rates for homes in West Boylston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 31.78%, which ranks in the top 50% nationwide. This equates to an annual average West Boylston house appreciation rate of 2.80%.

Appreciation rates are so strong in West Boylston that despite a nationwide downturn in the housing market, West Boylston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Boylston appreciation rates continue to be some of the highest in America, at 6.30%, which is higher than appreciation rates in 70.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Boylston. West Boylston appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes West Boylston 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 West Boylston's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$401,529

West Boylston, MA HOME PRICES

> $1,167,000
0.0%
0.0%
$876,001 - $1,167,000
1.8%
1.8%
$584,001 - $876,000
8.2%
8.2%
$467,001 - $584,000
11.8%
11.8%
$350,001 - $467,000
28.3%
28.3%
$233,001 - $350,000
40.5%
40.5%
$117,001 - $233,000
7.8%
7.8%
$58,001 - $117,000
0.4%
0.4%
$0 - $58,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for MA

Value Relative To Nation

Number Of Homes And Apartments:
2,336

West Boylston 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
62.67% 2.34%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,126 / per month

Homeownership Rate

Owners
58.7%
58.7%
Renters
41.3%
41.3%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.5%
16.5%
1970 - 1999
22.3%
22.3%
1940 - 1969
39.4%
39.4%
1939 or Older
21.8%
21.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.9%
70.9%
Townhomes
11.5%
11.5%
Small Apt. Buildings
10.5%
10.5%
Apt. Complexes
6.8%
6.8%
Mobile Homes
0.0%
0.0%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
9.7%
9.7%
2 Bedrooms
24.6%
24.6%
3 Bedrooms
41.1%
41.1%
4 Bedrooms
21.0%
21.0%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in West Boylston

Zip Codes in West Boylston, MA