Winchendon, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Winchendon Neighborhoods Since 2000




Winchendon, 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

Winchendon Housing Market Information

With a population of 10,698, 3,948 total housing units (homes and apartments), and a median house value of $220,869, Winchendon real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Winchendon homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Winchendon, accounting for 69.10% of the town's housing units. Other types of housing that are prevalent in Winchendon include duplexes, homes converted to apartments or other small apartment buildings ( 19.53%), large apartment complexes or high rise apartments ( 8.93%), and a few mobile homes or trailers ( 1.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winchendon. Owner-occupied housing accounts for 71.77% of Winchendon's homes, and 60.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Winchendon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Winchendon built before 1939 ( 34.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.12%). There's also some housing in Winchendon built between 2000 and later ( 7.94%).

Vacant housing appears to be an issue in Winchendon. Fully 12.48% of the housing stock is classified as vacant. Left unchecked, vacant Winchendon homes and apartments can be a drag on the real estate market, holding Winchendon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Winchendon Home Appreciation Rates

Winchendon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winchendon during the period has been just -1.88%, which is lower than 80% of US communities.

Appreciation rates are so strong in Winchendon that despite a nationwide downturn in the housing market, Winchendon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winchendon appreciation rates continue to be some of the highest in America, at 6.70%, which is higher than appreciation rates in 79.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Winchendon. Winchendon appreciation rates in the latest quarter were at 0.33%, which equates to an annual appreciation rate of 1.33%.

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

Average Home Values

 

Median Home Value:
$220,869

Winchendon, MA HOME PRICES

Value Range
> $1,116,000 1.9
$837,001 - $1,116,000 0.2
$558,001 - $837,000 0.2
$446,001 - $558,000 3.1
$335,001 - $446,000 5.3
$223,001 - $335,000 36.5
$112,001 - $223,000 43.1
$56,001 - $112,000 7.5
$0 - $56,000 2.4

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
27.5635767022149 91.9871794871795

Number Of Homes And Apartments:
3,948

Winchendon 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
32.09% 1.63% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,133 / per month

Homeownership Rate

Homeownership
Owners 71.77
Renters 28.23
Vacant 12.48

Housing Market Details

 

Age of Homes

AGE OF Winchendon HOMES
2000 or Newer 7.9
1970 - 1999 41.9
1940 - 1969 16.1
1939 or Older 34.1

Types of Homes

TYPE OF Winchendon HOMES
Single-Family 69.1
Townhomes 1.2
Small Apt. Buildings 19.5
Apt. Complexes 8.9
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Winchendon HOMES
No Bedroom 0.80
1 Bedroom 11.62
2 Bedrooms 22.32
3 Bedrooms 46.97
4 Bedrooms 13.03
5 or more bedrooms 5.25