Wilbraham, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wilbraham, MA Real Estate Data


Wilbraham Housing Market Information

With 14,638 people, 5,366 houses or apartments, and a median cost of homes of $297,972, Wilbraham real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wilbraham, accounting for 83.26% of the town's housing units. Other types of housing that are prevalent in Wilbraham include large apartment complexes or high rise apartments ( 5.95%), duplexes, homes converted to apartments or other small apartment buildings ( 5.69%), and a few row houses and other attached homes ( 5.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wilbraham. Owner-occupied housing accounts for 87.27% of Wilbraham's homes, and 69.88% 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. Wilbraham's housing was primarily built during this period, from the '40s through the '60s. A full 48.09% of the town's housing hails from this era. Other housing ages represented in Wilbraham include homes built between 1970-1999 ( 31.58%) and housing constructed before 1939 ( 11.84%). There's also some housing in Wilbraham built between 2000 and later ( 8.50%).

Wilbraham Home Appreciation Rates

Wilbraham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wilbraham during the period has been just -0.69%, which is lower than 70% of US communities.

Over the last year, Wilbraham appreciation rates have trailed the rest of the nation. In the last twelve months, Wilbraham's appreciation rate has been 2.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wilbraham were at 2.65%, which equates to an annual appreciation rate of 11.04%.

Importantly, this makes Wilbraham one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Massachusetts, our data show that Wilbraham's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$297,972

Wilbraham, MA HOME PRICES

Value Range
> $1,039,000 1.1
$780,001 - $1,039,000 1.4
$520,001 - $780,000 3.2
$416,001 - $520,000 11.9
$312,001 - $416,000 26.3
$208,001 - $312,000 42.4
$104,001 - $208,000 11.4
$52,001 - $104,000 0.6
$0 - $52,000 1.7

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
17.0873104175206 72.1153846153846

Number Of Homes And Apartments:
5,366

Rent & Ownership

 

Average Market Rent:
$1,037 / per month

Homeownership Rate

Homeownership
Owners 87.27
Renters 12.73
Vacant 3.61

Housing Market Details

 

Age of Homes

AGE OF Wilbraham HOMES
2000 or Newer 8.5
1970 - 1999 31.6
1940 - 1969 48.1
1939 or Older 11.8

Types of Homes

TYPE OF Wilbraham HOMES
Single-Family 83.3
Townhomes 5.1
Small Apt. Buildings 5.7
Apt. Complexes 5.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wilbraham HOMES
No Bedroom 0.65
1 Bedroom 6.92
2 Bedrooms 17.37
3 Bedrooms 38.23
4 Bedrooms 31.65
5 or more bedrooms 5.19

Wilbraham 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
38.40% 1.93% 3 4
* 10 is highest

Popular Neighborhoods in Wilbraham

Zip Codes in Wilbraham, MA