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 8,424 people, 3,709 houses or apartments, and a median cost of homes of $565,617, real estate costs in Ayer 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 Ayer, accounting for 51.00% of the town's housing units. Other types of housing that are prevalent in Ayer include large apartment complexes or high rise apartments ( 19.98%), duplexes, homes converted to apartments or other small apartment buildings ( 15.71%), and a few row houses and other attached homes ( 12.50%).
Dwellings in Ayer tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.45% of the homes in Ayer have two or fewer bedrooms.
There is a lot of housing in Ayer 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 Ayer built between 1940-1969 ( 22.24%). A lesser amount of the housing stock also hails from before 1939 ( 21.38%). There's also some housing in Ayer built between 2000 and later ( 18.56%).
Appreciation rates for homes in Ayer have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.82%, which ranks in the top 50% nationwide. This equates to an annual average Ayer house appreciation rate of 6.90%.
Appreciation rates are so strong in Ayer that despite a nationwide downturn in the housing market, Ayer real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ayer appreciation rates continue to be some of the highest in America, at 8.31%, which is higher than appreciation rates in 73.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ayer. Ayer 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 Ayer's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.
$565,617
for Massachusetts
for nation
3,709
$2,424 / per month