Winthrop, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Winthrop Neighborhoods Since 2000




Winthrop, 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

Winthrop Housing Market Information

With 18,164 people, 7,602 houses or apartments, and a median cost of homes of $434,265, real estate costs in Winthrop 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.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Winthrop, accounting for 41.80% of the city's housing units. Other types of housing that are prevalent in Winthrop include single-family detached homes ( 34.62%), large apartment complexes or high rise apartments ( 21.14%), and a few row houses and other attached homes ( 2.44%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Winthrop primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Winthrop has a mixture of owner-occupied and renter-occupied housing.

The housing in Winthrop was primarily built before 1939 ( 60.58%), making the housing stock in Winthrop some of the oldest overall in America, although there is a range of ages of homes in Winthrop. The next most important housing age is between 1940-1969 ( 21.99%), followed by between 1970-1999 ( 16.21%). There's also some housing in Winthrop built between 2000 and later ( 1.23%).

Winthrop Home Appreciation Rates

Appreciation rates for homes in Winthrop have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.28%, which ranks in the top 40% nationwide. This equates to an annual average Winthrop house appreciation rate of 0.61%.

Appreciation rates are so strong in Winthrop that despite a nationwide downturn in the housing market, Winthrop real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winthrop appreciation rates continue to be some of the highest in America, at 6.53%, which is higher than appreciation rates in 78.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Winthrop. Winthrop 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 Winthrop's latest annual appreciation rate is higher than 80% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Winthrop differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winthrop - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Winthrop real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$434,265

Winthrop, MA HOME PRICES

Value Range
> $1,225,000 0.8
$919,001 - $1,225,000 1.4
$613,001 - $919,000 18.2
$490,001 - $613,000 14.5
$368,001 - $490,000 34.6
$245,001 - $368,000 17.5
$122,001 - $245,000 9.3
$61,001 - $122,000 2.0
$0 - $61,000 1.8

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
7.89874604476737 33.6538461538462

Number Of Homes And Apartments:
7,602

Winthrop 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
58.14% 2.69% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,753 / per month

Homeownership Rate

Homeownership
Owners 54.73
Renters 45.27
Vacant 6.78

Housing Market Details

 

Age of Homes

AGE OF Winthrop HOMES
2000 or Newer 1.2
1970 - 1999 16.2
1940 - 1969 22.0
1939 or Older 60.6

Types of Homes

TYPE OF Winthrop HOMES
Single-Family 34.6
Townhomes 2.4
Small Apt. Buildings 41.8
Apt. Complexes 21.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Winthrop HOMES
No Bedroom 0.98
1 Bedroom 19.04
2 Bedrooms 32.65
3 Bedrooms 31.34
4 Bedrooms 10.31
5 or more bedrooms 5.67