Wilbraham, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wilbraham, 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

Wilbraham Housing Market Information

With 14,638 people, 5,375 houses or apartments, and a median cost of homes of $269,372, 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 85.80% of the town's housing units. Other types of housing that are prevalent in Wilbraham include row houses and other attached homes ( 5.35%), duplexes, homes converted to apartments or other small apartment buildings ( 4.81%), and a few large apartment complexes or high rise apartments ( 4.04%).

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 87.55% of Wilbraham's homes, and 73.14% 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 52.06% of the town's housing hails from this era. Other housing ages represented in Wilbraham include homes built between 1970-1999 ( 28.39%) and housing constructed before 1939 ( 10.63%). There's also some housing in Wilbraham built between 2000 and later ( 8.92%).

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 -0.91%, 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 2.17%, 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 1.15%, which equates to an annual appreciation rate of 4.66%.

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:
$269,372

Wilbraham, MA HOME PRICES

Value Range
> $1,034,000 0.9
$775,001 - $1,034,000 1.3
$517,001 - $775,000 2.9
$413,001 - $517,000 11.7
$310,001 - $413,000 25.5
$207,001 - $310,000 43.2
$103,001 - $207,000 12.1
$52,001 - $103,000 0.7
$0 - $52,000 1.6

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
19.8230399624985 79.8076923076923

Number Of Homes And Apartments:
5,375

Wilbraham 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
36.51% 1.82% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,304 / per month

Homeownership Rate

Homeownership
Owners 87.55
Renters 12.45
Vacant 3.17

Housing Market Details

 

Age of Homes

AGE OF Wilbraham HOMES
2000 or Newer 8.9
1970 - 1999 28.4
1940 - 1969 52.1
1939 or Older 10.6

Types of Homes

TYPE OF Wilbraham HOMES
Single-Family 85.8
Townhomes 5.4
Small Apt. Buildings 4.8
Apt. Complexes 4.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wilbraham HOMES
No Bedroom 0.43
1 Bedroom 6.81
2 Bedrooms 14.88
3 Bedrooms 37.67
4 Bedrooms 35.47
5 or more bedrooms 4.74

Popular Neighborhoods in Wilbraham

Zip Codes in Wilbraham, MA