Weymouth, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Weymouth Neighborhoods Since 2000




Weymouth, 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

Weymouth Housing Market Information

With 55,957 people, 22,708 houses or apartments, and a median cost of homes of $373,968, 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 56.98% of the city's housing units. Other types of housing that are prevalent in Weymouth include large apartment complexes or high rise apartments ( 29.55%), duplexes, homes converted to apartments or other small apartment buildings ( 8.26%), and a few row houses and other attached homes ( 4.65%).

Dwellings in Weymouth tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.52% of the homes in Weymouth have two or fewer bedrooms.

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 39.43% of the city's housing hails from this era. Other housing ages represented in Weymouth include homes built between 1970-1999 ( 31.19%) and housing constructed before 1939 ( 24.40%). There's also some housing in Weymouth built between 2000 and later ( 4.99%).

Weymouth Home Appreciation Rates

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 3.30%, which ranks in the top 50% nationwide. This equates to an annual average Weymouth house appreciation rate of 0.33%.

Appreciation rates are so strong in Weymouth that despite a nationwide downturn in the housing market, Weymouth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Weymouth appreciation rates continue to be some of the highest in America, at 6.31%, which is higher than appreciation rates in 76.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Weymouth. Weymouth appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Weymouth's latest annual appreciation rate is higher than 80% 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.

Average Home Values

 

Median Home Value:
$373,968

Weymouth, MA HOME PRICES

Value Range
> $1,183,000 0.6
$888,001 - $1,183,000 0.5
$592,001 - $888,000 8.1
$474,001 - $592,000 14.3
$355,001 - $474,000 32.7
$237,001 - $355,000 30.8
$118,001 - $237,000 9.9
$59,001 - $118,000 1.2
$0 - $59,000 1.9

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
10.6879174967772 49.3589743589744

Number Of Homes And Apartments:
22,708

Weymouth 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
59.53% 2.74% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,673 / per month

Homeownership Rate

Homeownership
Owners 65.42
Renters 34.58
Vacant 3.88

Housing Market Details

 

Age of Homes

AGE OF Weymouth HOMES
2000 or Newer 5.0
1970 - 1999 31.2
1940 - 1969 39.4
1939 or Older 24.4

Types of Homes

TYPE OF Weymouth HOMES
Single-Family 57.0
Townhomes 4.7
Small Apt. Buildings 8.3
Apt. Complexes 29.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Weymouth HOMES
No Bedroom 1.61
1 Bedroom 18.13
2 Bedrooms 29.78
3 Bedrooms 33.51
4 Bedrooms 13.52
5 or more bedrooms 3.45