Whitman, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Whitman Neighborhoods Since 2000




Whitman, MA Real Estate Data


Whitman Housing Market Information

With a population of 14,849, 5,399 total housing units (homes and apartments), and a median house value of $329,930, real estate costs in Whitman 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 Whitman, accounting for 63.72% of the town's housing units. Other types of housing that are prevalent in Whitman include duplexes, homes converted to apartments or other small apartment buildings ( 18.59%), large apartment complexes or high rise apartments ( 12.51%), and a few row houses and other attached homes ( 5.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Whitman. Owner-occupied housing accounts for 72.78% of Whitman's homes, and 60.21% have either three or four bedrooms, which is average sized relative to America.

The housing in Whitman was primarily built before 1939 ( 38.06%), making the housing stock in Whitman some of the oldest overall in America, although there is a range of ages of homes in Whitman. The next most important housing age is between 1940-1969 ( 33.41%), followed by between 1970-1999 ( 19.97%). There's also some housing in Whitman built between 2000 and later ( 8.56%).

Whitman Home Appreciation Rates

Whitman's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Whitman during the period has been just -0.80%, which is lower than 70% of US communities.

Appreciation rates are so strong in Whitman that despite a nationwide downturn in the housing market, Whitman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Whitman appreciation rates continue to be some of the highest in America, at 6.18%, which is higher than appreciation rates in 76.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whitman. Whitman appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.42%.

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

Average Home Values

 

Median Home Value:
$329,930

Whitman, MA HOME PRICES

Value Range
> $1,171,000 0.3
$878,001 - $1,171,000 0.2
$585,001 - $878,000 2.6
$468,001 - $585,000 8.0
$351,001 - $468,000 28.0
$234,001 - $351,000 50.3
$117,001 - $234,000 8.0
$59,001 - $117,000 0.1
$0 - $59,000 2.4

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
14.1711073373543 61.8589743589744

Number Of Homes And Apartments:
5,399

Rent & Ownership

 

Average Market Rent:
$1,441 / per month

Homeownership Rate

Homeownership
Owners 72.78
Renters 27.22
Vacant 2.93

Housing Market Details

 

Age of Homes

AGE OF Whitman HOMES
2000 or Newer 8.6
1970 - 1999 20.0
1940 - 1969 33.4
1939 or Older 38.1

Types of Homes

TYPE OF Whitman HOMES
Single-Family 63.7
Townhomes 5.2
Small Apt. Buildings 18.6
Apt. Complexes 12.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Whitman HOMES
No Bedroom 1.78
1 Bedroom 11.54
2 Bedrooms 23.09
3 Bedrooms 45.00
4 Bedrooms 15.21
5 or more bedrooms 3.38

Whitman Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.02% 2.61% 7 7
* 10 is highest