Massachusetts
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Massachusetts Real Estate Market & Appreciation

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$541,822

Number Of Homes And Apartments:
2,646,980

Massachusetts Home Prices

> $1,341,622
6.6%
6.6%
$1,006,110 - $1,341,622
7.4%
7.4%
$670,874 - $1,006,109
19.9%
19.9%
$536,648 - $670,873
14.7%
14.7%
$402,663 - $536,647
19.6%
19.6%
$268,370 - $402,662
18.2%
18.2%
$134,197 - $268,369
10.5%
10.5%
$67,042 - $134,196
1.5%
1.5%
$0 - $67,041
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Massachusetts Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
2.26% 9.35%
3
Last 12 Months:
2020 Q4 - 2021 Q4
15.75% 15.75%
4
Last 2 Years:
2019 Q4 - 2021 Q4
22.66% 10.75%
5
Last 5 Years:
2016 Q4 - 2021 Q4
41.72% 7.22%
6
Last 10 Years:
2011 Q4 - 2021 Q4
68.17% 5.34%
6
Since 2000:
2000 Q1 - 2021 Q4
151.39% 4.33%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,428 / per month

Homeownership Rate

Owners
60.3%
60.3%
Renters
39.7%
39.7%
Vacant
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
11.1%
11.1%
1970 - 1999
30.1%
30.1%
1940 - 1969
26.9%
26.9%
1939 or Older
31.9%
31.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
52.1%
52.1%
Townhomes
5.4%
5.4%
Small Apt. Buildings
20.3%
20.3%
Apt. Complexes
21.3%
21.3%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
13.5%
13.5%
2 Bedrooms
27.9%
27.9%
3 Bedrooms
34.5%
34.5%
4 Bedrooms
16.6%
16.6%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES