Chelsea, MA Real Estate
According to census data in the year 2000 there were 12,337 housing units in Chelsea.
This represents a 6.6% growth from 11,574 in 1990.
Of those housing units, 12,337 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Chelsea is about 29%.
Chelsea's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 2.87 people.
The majority of houses, apartments or condos in Chelsea were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.40% |
| One Bedroom | 27% |
| Two Bedrooms | 34.60% |
| Three Bedrooms | 23.40% |
| Four Bedrooms | 6.30% |
| Five Bedrooms or more | 5.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.96 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $149,200 |
| Median Price asked for vacant units | $155,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.84 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $698 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 42.60% |
| Debt Free | 39.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
