Whitman, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Whitman Neighborhoods Since 2000




Whitman, 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

Whitman Housing Market Information

With 14,849 people, 5,503 houses or apartments, and a median cost of homes of $317,888, 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 64.09% 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 ( 19.18%), large apartment complexes or high rise apartments ( 11.63%), and a few row houses and other attached homes ( 5.11%).

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 73.13% of Whitman's homes, and 59.86% have either three or four bedrooms, which is average sized relative to America.

The housing in Whitman was primarily built before 1939 ( 38.71%), 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 ( 31.35%), followed by between 1970-1999 ( 21.90%). There's also some housing in Whitman built between 2000 and later ( 8.04%).

Whitman Home Appreciation Rates

Real estate appreciation rates in Whitman's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.53% during the period.

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 5.87%, which is higher than appreciation rates in 72.99% 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 1.07%, which equates to an annual appreciation rate of 4.36%.

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:
$317,888

Whitman, MA HOME PRICES

Value Range
> $1,171,000 0.5
$878,001 - $1,171,000 0.2
$585,001 - $878,000 2.1
$469,001 - $585,000 8.0
$351,001 - $469,000 26.8
$234,001 - $351,000 50.8
$117,001 - $234,000 8.9
$58,001 - $117,000 0.0
$0 - $58,000 2.6

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
14.7369037853041 64.7435897435898

Number Of Homes And Apartments:
5,503

Whitman 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
57.44% 2.67% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,331 / per month

Homeownership Rate

Homeownership
Owners 73.13
Renters 26.87
Vacant 2.74

Housing Market Details

 

Age of Homes

AGE OF Whitman HOMES
2000 or Newer 8.0
1970 - 1999 21.9
1940 - 1969 31.4
1939 or Older 38.7

Types of Homes

TYPE OF Whitman HOMES
Single-Family 64.1
Townhomes 5.1
Small Apt. Buildings 19.2
Apt. Complexes 11.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Whitman HOMES
No Bedroom 1.82
1 Bedroom 10.23
2 Bedrooms 24.80
3 Bedrooms 44.73
4 Bedrooms 15.13
5 or more bedrooms 3.29