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 16,045 people, 7,935 houses or apartments, and a median cost of homes of $457,082, Easthampton real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Easthampton homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Easthampton, accounting for 49.14% of the city's housing units. Other types of housing that are prevalent in Easthampton include duplexes, homes converted to apartments or other small apartment buildings ( 25.96%), large apartment complexes or high rise apartments ( 16.00%), and a few row houses and other attached homes ( 7.96%).
The most prevalent building size and type in Easthampton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.27% owning and 39.73% renting.
There is a lot of housing in Easthampton 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 Easthampton built before 1939 ( 30.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.38%). There's also some housing in Easthampton built between 2000 and later ( 9.69%).
Appreciation rates for homes in Easthampton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.32%, which ranks in the top 50% nationwide. This equates to an annual average Easthampton house appreciation rate of 6.87%.
Appreciation rates are so strong in Easthampton that despite a nationwide downturn in the housing market, Easthampton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Easthampton appreciation rates continue to be some of the highest in America, at 13.02%, which is higher than appreciation rates in 95.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Easthampton. Easthampton appreciation rates in the latest quarter were at 0.85%, which equates to an annual appreciation rate of 3.44%.
Relative to Massachusetts, our data show that Easthampton's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts.
$457,082
for Massachusetts
for nation
7,935
$1,977 / per month