Ipswich, MA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Ipswich, MA Housing Market Trends

With a population of 14,074, 5,761 total housing units (homes and apartments), and a median house value of $626,566, real estate costs in Ipswich 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 Ipswich, accounting for 61.34% of the town's housing units. Other types of housing that are prevalent in Ipswich include duplexes, homes converted to apartments or other small apartment buildings ( 16.49%), large apartment complexes or high rise apartments ( 13.13%), and a few row houses and other attached homes ( 8.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ipswich. Owner-occupied housing accounts for 70.89% of Ipswich's homes, and 55.61% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ipswich 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 Ipswich built before 1939 ( 27.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.34%). There's also some housing in Ipswich built between 2000 and later ( 10.61%).

Ipswich Home Appreciation Rates

Appreciation rates for homes in Ipswich have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.91%, which ranks in the top 40% nationwide. This equates to an annual average Ipswich house appreciation rate of 4.20%.

Over the last year, Ipswich appreciation rates have trailed the rest of the nation. In the last twelve months, Ipswich's appreciation rate has been 8.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ipswich were at 3.03%, which equates to an annual appreciation rate of 12.69%.

Relative to Massachusetts, our data show that Ipswich's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$626,566

Ipswich, MA HOME PRICES

> $1,235,000
5.9%
5.9%
$926,001 - $1,235,000
9.3%
9.3%
$618,001 - $926,000
32.7%
32.7%
$494,001 - $618,000
20.4%
20.4%
$370,001 - $494,000
19.7%
19.7%
$247,001 - $370,000
5.8%
5.8%
$124,001 - $247,000
4.6%
4.6%
$61,001 - $124,000
0.8%
0.8%
$0 - $61,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MA

Value Relative To Nation

Number Of Homes And Apartments:
5,761

Ipswich Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
91.04% 3.06%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,161 / per month

Homeownership Rate

Owners
70.9%
70.9%
Renters
29.1%
29.1%
Vacant
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.6%
10.6%
1970 - 1999
36.1%
36.1%
1940 - 1969
25.3%
25.3%
1939 or Older
27.9%
27.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.3%
61.3%
Townhomes
8.6%
8.6%
Small Apt. Buildings
16.5%
16.5%
Apt. Complexes
13.1%
13.1%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
14.2%
14.2%
2 Bedrooms
23.6%
23.6%
3 Bedrooms
39.3%
39.3%
4 Bedrooms
16.3%
16.3%
5 or more bedrooms
4.1%
4.1%
0.0% 100.0%
% OF HOMES