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 20,233, 8,172 total housing units (homes and apartments), and a median house value of $1,110,102, Marblehead house prices are not only among the most expensive in Massachusetts, Marblehead real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Marblehead, accounting for 73.04% of the town's housing units. Other types of housing that are prevalent in Marblehead include duplexes, homes converted to apartments or other small apartment buildings ( 15.17%), large apartment complexes or high rise apartments ( 7.15%), and a few row houses and other attached homes ( 4.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marblehead. Owner-occupied housing accounts for 81.04% of Marblehead's homes, and 61.50% have either three or four bedrooms, which is average sized relative to America.
The housing in Marblehead was primarily built before 1939 ( 46.02%), making the housing stock in Marblehead some of the oldest overall in America, although there is a range of ages of homes in Marblehead. The next most important housing age is between 1940-1969 ( 31.91%), followed by between 1970-1999 ( 16.68%). There's also some housing in Marblehead built between 2000 and later ( 5.39%).
Real estate appreciation rates in Marblehead's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.93% during the period.
Appreciation rates are so strong in Marblehead that despite a nationwide downturn in the housing market, Marblehead real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marblehead appreciation rates continue to be some of the highest in America, at 9.03%, which is higher than appreciation rates in 80.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marblehead. Marblehead 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 Marblehead's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.
$1,110,102
for Massachusetts
for nation
8,172
$3,572 / per month