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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 57,670 people, 24,400 houses or apartments, and a median cost of homes of $529,106, real estate costs in Weymouth 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 Weymouth, accounting for 58.34% of the city's housing units. Other types of housing that are prevalent in Weymouth include large apartment complexes or high rise apartments ( 28.60%), duplexes, homes converted to apartments or other small apartment buildings ( 8.57%), and a few row houses and other attached homes ( 4.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Weymouth. Owner-occupied housing accounts for 67.92% of Weymouth's homes, and 49.16% have either three or four bedrooms, which is average sized relative to America.
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. Weymouth's housing was primarily built during this period, from the '40s through the '60s. A full 37.84% of the city's housing hails from this era. Other housing ages represented in Weymouth include homes built between 1970-1999 ( 26.11%) and housing constructed before 1939 ( 25.26%). There's also some housing in Weymouth built between 2000 and later ( 10.80%).
Appreciation rates for homes in Weymouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 80.42%, which ranks in the top 50% nationwide. This equates to an annual average Weymouth house appreciation rate of 6.08%.
Over the last year, Weymouth appreciation rates have trailed the rest of the nation. In the last twelve months, Weymouth's appreciation rate has been 2.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Weymouth were at -2.10%, which equates to an annual appreciation rate of -8.14%.
Relative to Massachusetts, our data show that Weymouth's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Weymouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Weymouth - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Weymouth real estate investment or home purchase decisions.
$3,442 / per month