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 24,997, 10,427 total housing units (homes and apartments), and a median house value of $816,812, real estate costs in Dedham 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 Dedham, accounting for 63.72% of the town's housing units. Other types of housing that are prevalent in Dedham include large apartment complexes or high rise apartments ( 19.59%), duplexes, homes converted to apartments or other small apartment buildings ( 11.80%), and a few row houses and other attached homes ( 4.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dedham. Owner-occupied housing accounts for 68.38% of Dedham's homes, and 55.19% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Dedham's housing was primarily built during this period, from the '40s through the '60s. A full 38.15% of the town's housing hails from this era. Other housing ages represented in Dedham include homes built before 1939 ( 32.10%) and housing constructed between 2000 and later ( 17.27%). There's also some housing in Dedham built between 1970-1999 ( 12.48%).
Appreciation rates for homes in Dedham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.45%, which ranks in the top 50% nationwide. This equates to an annual average Dedham house appreciation rate of 6.60%.
Appreciation rates are so strong in Dedham that despite a nationwide downturn in the housing market, Dedham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dedham appreciation rates continue to be some of the highest in America, at 8.18%, which is higher than appreciation rates in 72.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dedham. Dedham 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 Dedham'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 town. Individual neighborhoods within Dedham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dedham - 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 Dedham real estate investment or home purchase decisions.
$816,812
for Massachusetts
for nation
10,427
$4,341 / per month