Harvard, MA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Harvard, MA Housing Market Trends

With 6,851 people, 1,803 houses or apartments, and a median cost of homes of $835,792, Harvard house prices are not only among the most expensive in Massachusetts, Harvard real estate also is some of the most expensive in all of America.

Harvard is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Harvard than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harvard. Owner-occupied housing accounts for 78.83% of Harvard's homes, and 73.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Harvard 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 Harvard built between 1940-1969 ( 28.08%). A lesser amount of the housing stock also hails from before 1939 ( 22.65%). There's also some housing in Harvard built between 2000 and later ( 10.49%).

Harvard Home Appreciation Rates

Real estate appreciation rates in Harvard's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.56% during the period.

Appreciation rates are so strong in Harvard that despite a nationwide downturn in the housing market, Harvard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harvard appreciation rates continue to be some of the highest in America, at 21.40%, which is higher than appreciation rates in 77.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harvard. Harvard appreciation rates in the latest quarter were at 7.28%, which equates to an annual appreciation rate of 32.45%.

Relative to Massachusetts, our data show that Harvard's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$835,792

Harvard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
70.74% 2.46%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,987 / per month

Homeownership Rate

Owners
Renters
Vacant
78.8%
78.8%
21.2%
21.2%
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.5%
10.5%
38.8%
38.8%
28.1%
28.1%
22.6%
22.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.1%
86.1%
6.6%
6.6%
4.3%
4.3%
3.0%
3.0%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.4%
2.4%
16.6%
16.6%
28.1%
28.1%
45.8%
45.8%
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Harvard

Zip Codes in Harvard, MA