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 29,327 people, 12,345 houses or apartments, and a median cost of homes of $531,893, real estate costs in Northampton 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 Northampton, accounting for 45.91% of the city's housing units. Other types of housing that are prevalent in Northampton include large apartment complexes or high rise apartments ( 24.50%), duplexes, homes converted to apartments or other small apartment buildings ( 21.53%), and a few row houses and other attached homes ( 7.99%).
People in Northampton primarily live in small (one, two or no bedroom) single-family detached homes. Northampton has a mixture of owner-occupied and renter-occupied housing.
The housing in Northampton was primarily built before 1939 ( 41.71%), making the housing stock in Northampton some of the oldest overall in America, although there is a range of ages of homes in Northampton. The next most important housing age is between 1970-1999 ( 27.30%), followed by between 1940-1969 ( 21.46%). There's also some housing in Northampton built between 2000 and later ( 9.53%).
Real estate appreciation rates in Northampton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.65% during the period.
NeighborhoodScout's data show that during the latest twelve months, Northampton's appreciation rate, at 6.30%, has been at or slightly above the national average. In the latest quarter, Northampton's appreciation rate has been 3.19%, which annualizes to a rate of 13.40%.
Importantly, NeighborhoodScout’s exclusive research found that Northampton's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Massachusetts, our data show that Northampton's latest annual appreciation rate is higher than 50% 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 Northampton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Northampton - 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 Northampton real estate investment or home purchase decisions.
$531,893
for Massachusetts
for nation
12,345
$2,066 / per month