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Massachusetts
Real Estate Appreciation & Housing Market Trends






Massachusetts Real Estate Market & Appreciation

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Average Home Values

Median Home Value

$549,493

Number Of Homes And Apartments:

2,714,448

Massachusetts Home Prices

> $1,290,941
$968,379 - $1,290,941
$645,613 - $968,378
$516,413 - $645,612
$387,311 - $516,412
$258,203 - $387,310
$129,107 - $258,202
$64,549 - $129,106
$0 - $64,548
7.5%
7.5%
8.4%
8.4%
21.9%
21.9%
15.1%
15.1%
18.7%
18.7%
16.6%
16.6%
8.8%
8.8%
1.3%
1.3%
1.7%
1.7%
0% 100.0%
% of Homes

Massachusetts Appreciation Rates

Rent & Homeownership

Average Market Rent:

$3,090 / per month

Homeownership Rate

Owners
Renters
Vacant
60.2%
60.2%
39.8%
39.8%
8.9%
8.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.9%
11.9%
29.9%
29.9%
26.7%
26.7%
31.5%
31.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.7%
51.7%
5.6%
5.6%
20.3%
20.3%
21.5%
21.5%
0.8%
0.8%
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
2.9%
2.9%
13.4%
13.4%
27.9%
27.9%
34.6%
34.6%
16.6%
16.6%
4.6%
4.6%
0% 100.0%
% of Homes