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 20,902 people, 8,872 houses or apartments, and a median cost of homes of $373,383, Gardner real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Gardner homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Gardner, accounting for 48.41% of the city's housing units. Other types of housing that are prevalent in Gardner include large apartment complexes or high rise apartments ( 23.87%), duplexes, homes converted to apartments or other small apartment buildings ( 22.41%), and a few row houses and other attached homes ( 3.78%).
People in Gardner primarily live in small (one, two or no bedroom) single-family detached homes. Gardner has a mixture of owner-occupied and renter-occupied housing.
The housing in Gardner was primarily built before 1939 ( 40.73%), making the housing stock in Gardner some of the oldest overall in America, although there is a range of ages of homes in Gardner. The next most important housing age is between 1970-1999 ( 28.38%), followed by between 1940-1969 ( 22.37%). There's also some housing in Gardner built between 2000 and later ( 8.52%).
In the last 10 years, Gardner has experienced some of the highest home appreciation rates of any community in the nation. Gardner real estate appreciated 138.35% over the last ten years, which is an average annual home appreciation rate of 9.07%, putting Gardner in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gardner definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Gardner that despite a nationwide downturn in the housing market, Gardner real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gardner appreciation rates continue to be some of the highest in America, at 8.43%, which is higher than appreciation rates in 74.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gardner. Gardner appreciation rates in the latest quarter were at 3.22%, which equates to an annual appreciation rate of 13.53%.
Importantly, this makes Gardner one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Massachusetts, our data show that Gardner's latest annual appreciation rate is higher than 60% 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 city. Individual neighborhoods within Gardner differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gardner - 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 Gardner real estate investment or home purchase decisions.
$373,383
for Massachusetts
for nation
8,872
$1,877 / per month