Glocester, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glocester, RI Real Estate Data


Glocester Housing Market Information

With a population of 9,994, 3,599 total housing units (homes and apartments), and a median house value of $296,689, Glocester real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glocester, accounting for 91.81% of the town's housing units. Other types of housing that are prevalent in Glocester include duplexes, homes converted to apartments or other small apartment buildings ( 3.58%), mobile homes or trailers ( 1.94%), and a few large apartment complexes or high rise apartments ( 1.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glocester. Owner-occupied housing accounts for 91.52% of Glocester's homes, and 58.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glocester 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 Glocester built between 1940-1969 ( 34.88%). A lesser amount of the housing stock also hails from before 1939 ( 15.82%). There's also some housing in Glocester built between 2000 and later ( 10.82%).

Vacant housing appears to be an issue in Glocester. Fully 10.45% of the housing stock is classified as vacant. Left unchecked, vacant Glocester homes and apartments can be a drag on the real estate market, holding Glocester 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.

Glocester Home Appreciation Rates

Homes have actually lost value in Glocester over the last then years, as home values have seen a decline of 20.95% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Glocester home appreciation rates at 2.07%, which equates to an annual appreciation rate of 8.54%.

NeighborhoodScout's data show that during the latest twelve months, Glocester's appreciation rate, at 4.93%, has been at or slightly above the national average. In the latest quarter, Glocester's appreciation rate has been 2.07%, which annualizes to a rate of 8.54%.

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

Average Home Values

 

Median Home Value:
$296,689

Glocester, RI HOME PRICES

Value Range
> $1,125,000 1.4
$844,001 - $1,125,000 0.0
$562,001 - $844,000 4.0
$450,001 - $562,000 9.0
$337,001 - $450,000 19.9
$225,001 - $337,000 41.1
$113,001 - $225,000 18.1
$56,001 - $113,000 2.3
$0 - $56,000 4.3

Average for RI
Very High for Nation

Value Relative to Nation Value Relative to State
17.1810036891726 61.5384615384615

Number Of Homes And Apartments:
3,599

Rent & Ownership

 

Average Market Rent:
$1,322 / per month

Homeownership Rate

Homeownership
Owners 91.52
Renters 8.48
Vacant 10.45

Housing Market Details

 

Age of Homes

AGE OF Glocester HOMES
2000 or Newer 10.8
1970 - 1999 38.5
1940 - 1969 34.9
1939 or Older 15.8

Types of Homes

TYPE OF Glocester HOMES
Single-Family 91.8
Townhomes 1.1
Small Apt. Buildings 3.6
Apt. Complexes 1.5
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Glocester HOMES
No Bedroom 1.87
1 Bedroom 7.79
2 Bedrooms 27.77
3 Bedrooms 44.49
4 Bedrooms 14.23
5 or more bedrooms 3.86

Glocester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate 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
43.25% 2.14% 5
* 10 is highest

Popular Neighborhoods in Glocester

Zip Codes in Glocester, RI