Newton, 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 Q1 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

Newton, MA Housing Market Trends

With 88,414 people, 30,657 houses or apartments, and a median cost of homes of $1,035,625, Newton house prices are not only among the most expensive in Massachusetts, Newton real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Newton, accounting for 56.83% of the city's housing units. Other types of housing that are prevalent in Newton include duplexes, homes converted to apartments or other small apartment buildings ( 20.61%), large apartment complexes or high rise apartments ( 14.61%), and a few row houses and other attached homes ( 7.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newton. Owner-occupied housing accounts for 65.74% of Newton's homes, and 56.31% have either three or four bedrooms, which is average sized relative to America.

The housing in Newton was primarily built before 1939 ( 50.15%), making the housing stock in Newton some of the oldest overall in America, although there is a range of ages of homes in Newton. The next most important housing age is between 1940-1969 ( 27.67%), followed by between 1970-1999 ( 14.36%). There's also some housing in Newton built between 2000 and later ( 7.82%).

Newton Home Appreciation Rates

Appreciation rates for homes in Newton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.71%, which ranks in the top 30% nationwide. This equates to an annual average Newton house appreciation rate of 4.26%.

Over the last year, Newton appreciation rates have trailed the rest of the nation. In the last twelve months, Newton's appreciation rate has been 0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newton were at 1.57%, which equates to an annual appreciation rate of 6.41%.

Relative to Massachusetts, our data show that Newton's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Newton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newton - 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 Newton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,035,625

Newton, MA HOME PRICES

> $1,094,000
40.6%
40.6%
$821,001 - $1,094,000
26.5%
26.5%
$548,001 - $821,000
21.7%
21.7%
$438,001 - $548,000
5.6%
5.6%
$329,001 - $438,000
2.2%
2.2%
$219,001 - $329,000
1.3%
1.3%
$109,001 - $219,000
0.8%
0.8%
$55,001 - $109,000
0.3%
0.3%
$0 - $55,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
30,657

Newton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
102.65% 3.38%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,587 / per month

Homeownership Rate

Owners
65.7%
65.7%
Renters
34.3%
34.3%
Vacant
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.8%
7.8%
1970 - 1999
14.4%
14.4%
1940 - 1969
27.7%
27.7%
1939 or Older
50.1%
50.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.8%
56.8%
Townhomes
7.8%
7.8%
Small Apt. Buildings
20.6%
20.6%
Apt. Complexes
14.6%
14.6%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
9.5%
9.5%
2 Bedrooms
19.5%
19.5%
3 Bedrooms
32.4%
32.4%
4 Bedrooms
23.9%
23.9%
5 or more bedrooms
13.8%
13.8%
0.0% 100.0%
% OF HOMES