Westford, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Westford, MA Real Estate Data


Westford Housing Market Information

With 23,831 people, 7,878 houses or apartments, and a median cost of homes of $569,348, Westford house prices are not only among the most expensive in Massachusetts, Westford real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Westford, accounting for 85.30% of the town's housing units. Other types of housing that are prevalent in Westford include row houses and other attached homes ( 6.43%), large apartment complexes or high rise apartments ( 4.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westford. Owner-occupied housing accounts for 90.39% of Westford's homes, and 74.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Westford 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 Westford built between 1940-1969 ( 18.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.95%). There's also some housing in Westford built before 1939 ( 12.26%).

Westford Home Appreciation Rates

Appreciation rates for homes in Westford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.03%, which ranks in the top 40% nationwide. This equates to an annual average Westford house appreciation rate of 0.68%.

Over the last year, Westford appreciation rates have trailed the rest of the nation. In the last twelve months, Westford's appreciation rate has been 3.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westford were at 0.69%, which equates to an annual appreciation rate of 2.78%.

Relative to Massachusetts, our data show that Westford's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$569,348

Westford, MA HOME PRICES

Value Range
> $1,134,000 0.7
$850,001 - $1,134,000 3.5
$567,001 - $850,000 37.9
$453,001 - $567,000 19.6
$340,001 - $453,000 20.7
$227,001 - $340,000 12.0
$113,001 - $227,000 2.2
$57,001 - $113,000 0.1
$0 - $57,000 2.7

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
4.2775108402672 16.6666666666667

Number Of Homes And Apartments:
7,878

Rent & Ownership

 

Average Market Rent:
$2,210 / per month

Homeownership Rate

Homeownership
Owners 90.39
Renters 9.61
Vacant 5.53

Housing Market Details

 

Age of Homes

AGE OF Westford HOMES
2000 or Newer 13.0
1970 - 1999 55.8
1940 - 1969 19.0
1939 or Older 12.3

Types of Homes

TYPE OF Westford HOMES
Single-Family 85.3
Townhomes 6.4
Small Apt. Buildings 3.3
Apt. Complexes 4.0
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Westford HOMES
No Bedroom 0.34
1 Bedroom 4.39
2 Bedrooms 16.86
3 Bedrooms 35.56
4 Bedrooms 39.39
5 or more bedrooms 3.47

Westford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
49.52% 2.36% 6 6
* 10 is highest