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 24,353, 8,606 total housing units (homes and apartments), and a median house value of $980,823, Westford house prices are not only among the most expensive in Massachusetts, Westford 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 Westford, accounting for 80.85% of the town's housing units. Other types of housing that are prevalent in Westford include large apartment complexes or high rise apartments ( 8.08%), row houses and other attached homes ( 7.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westford. Owner-occupied housing accounts for 88.03% of Westford's homes, and 72.46% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Westford 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 Westford built between 1940-1969 ( 19.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.06%). There's also some housing in Westford built before 1939 ( 13.12%).
Real estate appreciation rates in Westford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.40% during the period.
Appreciation rates are so strong in Westford that despite a nationwide downturn in the housing market, Westford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Westford appreciation rates continue to be some of the highest in America, at 9.23%, which is higher than appreciation rates in 82.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Westford. Westford appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.87%.
Relative to Massachusetts, our data show that Westford's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.
$980,823
for Massachusetts
for nation
8,606
$5,428 / per month