Scituate, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Scituate, RI Real Estate Data


Scituate Housing Market Information

With 10,549 people, 4,018 houses or apartments, and a median cost of homes of $333,674, real estate costs in Scituate are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Rhode Island communities.

Single-family detached homes are the single most common housing type in Scituate, accounting for 85.05% of the town's housing units. Other types of housing that are prevalent in Scituate include duplexes, homes converted to apartments or other small apartment buildings ( 8.05%), large apartment complexes or high rise apartments ( 5.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Scituate. Owner-occupied housing accounts for 85.62% of Scituate's homes, and 70.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Scituate 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 Scituate built between 1940-1969 ( 37.64%). A lesser amount of the housing stock also hails from before 1939 ( 17.86%). There's also some housing in Scituate built between 2000 and later ( 6.79%).

Scituate Home Appreciation Rates

Homes have actually lost value in Scituate over the last then years, as home values have seen a decline of 20.55% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Scituate 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, Scituate's appreciation rate, at 5.59%, has been at or slightly above the national average. In the latest quarter, Scituate's appreciation rate has been 2.07%, which annualizes to a rate of 8.54%.

Relative to Rhode Island, our data show that Scituate's latest annual appreciation rate is lower than 60% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$333,674

Scituate, RI HOME PRICES

Value Range
> $1,118,000 0.0
$839,001 - $1,118,000 2.6
$559,001 - $839,000 7.5
$447,001 - $559,000 11.1
$335,001 - $447,000 28.9
$223,001 - $335,000 33.9
$112,001 - $223,000 10.6
$56,001 - $112,000 3.3
$0 - $56,000 2.1

Average for RI
Very High for Nation

Value Relative to Nation Value Relative to State
13.8314692276161 43.5897435897436

Number Of Homes And Apartments:
4,018

Rent & Ownership

 

Average Market Rent:
$1,136 / per month

Homeownership Rate

Homeownership
Owners 85.62
Renters 14.38
Vacant 4.33

Housing Market Details

 

Age of Homes

AGE OF Scituate HOMES
2000 or Newer 6.8
1970 - 1999 37.7
1940 - 1969 37.6
1939 or Older 17.9

Types of Homes

TYPE OF Scituate HOMES
Single-Family 85.0
Townhomes 0.6
Small Apt. Buildings 8.0
Apt. Complexes 5.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Scituate HOMES
No Bedroom 0.00
1 Bedroom 9.14
2 Bedrooms 18.69
3 Bedrooms 49.17
4 Bedrooms 20.95
5 or more bedrooms 2.05

Scituate 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
44.74% 2.20% 5
* 10 is highest