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 about Scout's Real Estate Data
With a population of 24,376, 9,648 total housing units (homes and apartments), and a median house value of $567,245, real estate costs in Middleborough 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 Middleborough, accounting for 71.01% of the town's housing units. Other types of housing that are prevalent in Middleborough include duplexes, homes converted to apartments or other small apartment buildings ( 10.46%), large apartment complexes or high rise apartments ( 9.47%), and a few row houses and other attached homes ( 5.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middleborough. Owner-occupied housing accounts for 76.08% of Middleborough's homes, and 63.23% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Middleborough 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 Middleborough built between 2000 and later ( 25.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.72%). There's also some housing in Middleborough built before 1939 ( 20.16%).
Appreciation rates for homes in Middleborough have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.96%, which ranks in the top 50% nationwide. This equates to an annual average Middleborough house appreciation rate of 6.68%.
NeighborhoodScout's data show that during the latest twelve months, Middleborough's appreciation rate, at 6.80%, has been at or slightly above the national average. In the latest quarter, Middleborough's appreciation rate has been 2.38%, which annualizes to a rate of 9.87%.
Relative to Massachusetts, our data show that Middleborough's latest annual appreciation rate is lower than 70% 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 Middleborough differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Middleborough - 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 Middleborough real estate investment or home purchase decisions.
$567,245
for Massachusetts
for nation
9,648
$2,824 / per month