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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 23,467, 10,875 total housing units (homes and apartments), and a median house value of $352,760, real estate costs in Yarmouth 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 Yarmouth, accounting for 77.14% of the town's housing units. Other types of housing that are prevalent in Yarmouth include large apartment complexes or high rise apartments ( 9.86%), duplexes, homes converted to apartments or other small apartment buildings ( 7.06%), and a few row houses and other attached homes ( 5.83%).
Dwellings in Yarmouth tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.97% of the homes in Yarmouth have two or fewer bedrooms.
There is a lot of housing in Yarmouth 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 Yarmouth built between 1940-1969 ( 39.15%). A lesser amount of the housing stock also hails from before 1939 ( 8.71%). There's also some housing in Yarmouth built between 2000 and later ( 4.27%).
A decent proportion of the Yarmouth housing stock is seasonally occupied. That is, homes and condos in Yarmouth are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Yarmouth housing market speaks to its popularity as a vacation location of choice.
Yarmouth's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Yarmouth during the period has been just -1.07%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Yarmouth's appreciation rate, at 4.00%, has been at or slightly above the national average. In the latest quarter, Yarmouth's appreciation rate has been 0.10%, which annualizes to a rate of 0.41%.
Relative to Massachusetts, our data show that Yarmouth's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Yarmouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Yarmouth - 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 Yarmouth real estate investment or home purchase decisions.
|$838,001 - $1,117,000||2.5|
|$559,001 - $838,000||6.5|
|$447,001 - $559,000||10.9|
|$335,001 - $447,000||26.3|
|$223,001 - $335,000||34.0|
|$112,001 - $223,000||12.9|
|$56,001 - $112,000||1.6|
|$0 - $56,000||2.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Yarmouth HOMES|
|2000 or Newer||4.3|
|1970 - 1999||47.9|
|1940 - 1969||39.1|
|1939 or Older||8.7|
|TYPE OF Yarmouth HOMES|
|Small Apt. Buildings||7.1|
|SIZE OF Yarmouth HOMES|
|5 or more bedrooms||2.72|