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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Montague, 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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Montague, MA Housing Market Trends

With a population of 8,463, 3,753 total housing units (homes and apartments), and a median house value of $343,037, Montague real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Montague homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Montague, accounting for 51.92% of the town's housing units. Other types of housing that are prevalent in Montague include duplexes, homes converted to apartments or other small apartment buildings ( 26.47%), large apartment complexes or high rise apartments ( 16.56%), and a few row houses and other attached homes ( 2.96%).

People in Montague primarily live in small (one, two or no bedroom) single-family detached homes. Montague has a mixture of owner-occupied and renter-occupied housing.

The housing in Montague was primarily built before 1939 ( 43.40%), making the housing stock in Montague some of the oldest overall in America, although there is a range of ages of homes in Montague. The next most important housing age is between 1940-1969 ( 27.92%), followed by between 1970-1999 ( 23.80%). There's also some housing in Montague built between 2000 and later ( 4.88%).

Montague Home Appreciation Rates

Real estate appreciation rates in Montague's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.03% during the period.

Appreciation rates are so strong in Montague that despite a nationwide downturn in the housing market, Montague real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Montague appreciation rates continue to be some of the highest in America, at 8.66%, which is higher than appreciation rates in 77.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Montague. Montague 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 Montague's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$343,037

Montague, MA Home Prices
> $1,314,000
$985,001 - $1,314,000
$657,001 - $985,000
$526,001 - $657,000
$394,001 - $526,000
$263,001 - $394,000
$131,001 - $263,000
$65,001 - $131,000
$0 - $65,000
2.4%
2.4%
0.6%
0.6%
1.8%
1.8%
3.7%
3.7%
19.3%
19.3%
44.1%
44.1%
23.8%
23.8%
0.3%
0.3%
4.0%
4.0%
0% 100.0%
% of Homes
Very Low

for Massachusetts

High

for nation

Number of Homes And Apartments:

3,753

Montague Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,938 / per month

Homeownership Rate

Owners
Renters
60.7%
60.7%
39.3%
39.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.5%
7.5%
92.5%
92.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.9%
4.9%
23.8%
23.8%
27.9%
27.9%
43.4%
43.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.9%
51.9%
3.0%
3.0%
26.5%
26.5%
16.6%
16.6%
2.1%
2.1%
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
0.5%
0.5%
16.0%
16.0%
34.3%
34.3%
32.8%
32.8%
15.1%
15.1%
1.2%
1.2%
0% 100.0%
% of Homes