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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 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

Average Home Values

Median Home Value

$633,548

Number Of Homes And Apartments:

2,740,995

Massachusetts Home Prices

> $1,286,055
$964,548 - $1,286,055
$643,105 - $964,547
$514,530 - $643,104
$386,010 - $514,529
$257,307 - $386,009
$128,645 - $257,306
$64,320 - $128,644
$0 - $64,319
10.4%
10.4%
11.5%
11.5%
24.7%
24.7%
16.1%
16.1%
15.5%
15.5%
13.3%
13.3%
5.6%
5.6%
1.1%
1.1%
1.8%
1.8%
0% 100.0%
% of Homes

Massachusetts Appreciation Rates

Rent & Homeownership

Average Market Rent:

$3,146 / per month

Homeownership Rate

Owners
Renters
60.4%
60.4%
39.6%
39.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.6%
8.6%
91.4%
91.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.7%
12.7%
29.8%
29.8%
26.4%
26.4%
31.1%
31.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.5%
51.5%
5.8%
5.8%
20.2%
20.2%
21.8%
21.8%
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%
13.6%
13.6%
27.8%
27.8%
34.5%
34.5%
16.6%
16.6%
4.6%
4.6%
0% 100.0%
% of Homes