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 19,190 people, 7,712 houses or apartments, and a median cost of homes of $1,063,394, Scituate house prices are not only among the most expensive in Massachusetts, Scituate 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 Scituate, accounting for 84.74% of the town's housing units. Other types of housing that are prevalent in Scituate include large apartment complexes or high rise apartments ( 6.16%), row houses and other attached homes ( 5.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Scituate. Owner-occupied housing accounts for 86.31% of Scituate's homes, and 69.92% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Scituate's housing was primarily built during this period, from the '40s through the '60s. A full 40.57% of the town's housing hails from this era. Other housing ages represented in Scituate include homes built before 1939 ( 26.21%) and housing constructed between 1970-1999 ( 21.29%). There's also some housing in Scituate built between 2000 and later ( 11.92%).
Appreciation rates for homes in Scituate have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.13%, which ranks in the top 50% nationwide. This equates to an annual average Scituate house appreciation rate of 6.80%.
Appreciation rates are so strong in Scituate that despite a nationwide downturn in the housing market, Scituate real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Scituate appreciation rates continue to be some of the highest in America, at 10.27%, which is higher than appreciation rates in 88.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Scituate. Scituate 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 Scituate's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Scituate differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Scituate - 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 Scituate real estate investment or home purchase decisions.
$1,063,394
for Massachusetts
for nation
7,712
$3,668 / per month