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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Monson, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Monson, MA Housing Market Trends

With a population of 8,090, 3,421 total housing units (homes and apartments), and a median house value of $381,883, Monson real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Monson homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Monson, accounting for 79.65% of the town's housing units. Other types of housing that are prevalent in Monson include duplexes, homes converted to apartments or other small apartment buildings ( 12.80%), mobile homes or trailers ( 3.30%), and a few row houses and other attached homes ( 2.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monson. Owner-occupied housing accounts for 82.50% of Monson's homes, and 65.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Monson 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 Monson built before 1939 ( 26.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.48%). There's also some housing in Monson built between 2000 and later ( 12.28%).

Monson Home Appreciation Rates

Monson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Monson during the period has been just 4.81%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Monson's appreciation rate, at 6.30%, has been at or slightly above the national average. In the latest quarter, Monson's appreciation rate has been 3.19%, which annualizes to a rate of 13.40%.

Importantly, this makes Monson one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Massachusetts, our data show that Monson's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$381,883

Monson, MA Home Prices
> $1,257,000
$943,001 - $1,257,000
$629,001 - $943,000
$503,001 - $629,000
$377,001 - $503,000
$251,001 - $377,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
2.1%
2.1%
3.2%
3.2%
4.1%
4.1%
11.7%
11.7%
29.2%
29.2%
33.4%
33.4%
12.2%
12.2%
1.9%
1.9%
2.2%
2.2%
0% 100.0%
% of Homes
Very Low

for Massachusetts

High

for nation

Number of Homes And Apartments:

3,421

Monson Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,849 / per month

Homeownership Rate

Owners
Renters
82.5%
82.5%
17.5%
17.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.7%
6.7%
93.3%
93.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.3%
12.3%
35.8%
35.8%
25.5%
25.5%
26.5%
26.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.6%
79.6%
2.3%
2.3%
12.8%
12.8%
1.9%
1.9%
3.3%
3.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
10.8%
10.8%
15.7%
15.7%
48.6%
48.6%
17.2%
17.2%
5.9%
5.9%
0% 100.0%
% of Homes