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 17,656, 8,146 total housing units (homes and apartments), and a median house value of $342,405, Greenfield real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Greenfield homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Greenfield, accounting for 49.83% of the city's housing units. Other types of housing that are prevalent in Greenfield include duplexes, homes converted to apartments or other small apartment buildings ( 27.82%), large apartment complexes or high rise apartments ( 16.13%), and a few row houses and other attached homes ( 5.86%).
People in Greenfield primarily live in small (one, two or no bedroom) single-family detached homes. Greenfield has a mixture of owner-occupied and renter-occupied housing.
The housing in Greenfield was primarily built before 1939 ( 46.20%), making the housing stock in Greenfield some of the oldest overall in America, although there is a range of ages of homes in Greenfield. The next most important housing age is between 1940-1969 ( 27.45%), followed by between 1970-1999 ( 18.29%). There's also some housing in Greenfield built between 2000 and later ( 8.07%).
Real estate appreciation rates in Greenfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.06% during the period.
Appreciation rates are so strong in Greenfield that despite a nationwide downturn in the housing market, Greenfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenfield appreciation rates continue to be some of the highest in America, at 8.21%, which is higher than appreciation rates in 72.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenfield. Greenfield 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 Greenfield'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 city. Individual neighborhoods within Greenfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenfield - 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 Greenfield real estate investment or home purchase decisions.
$342,405
for Massachusetts
for nation
8,146
$1,675 / per month