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Massachusetts Real Estate


According to census data in the year 2000 there were 2,621,989 housing units in Massachusetts. This represents a 6% from 2,472,711 in 1990.

Of those housing units, 2,389,267 were located in either urbanized areas or urban clusters, and 232,722 were located in what is classified as a rural area.

Homeownership rate in Massachusetts is about 61.7%. Massachusetts's vacancy rate, including seasonal lodging, is about 6.8%. Average household size is 2.51 people.

The majority of houses, apartments or condos in Massachusetts were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type2.4%
One Bedroom15.1%
Two Bedrooms28.3%
Three Bedrooms35.2%
Four Bedrooms14.9%
Five Bedrooms or more4.1%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1958
Median Value of occupied units$185,700
Median Price asked for vacant units$160,800

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1951
Median Monthly Rent asked for vacant units$578

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage5.7%
Home Equity Loan10.6%
Simple Mortgage55.0%
Debt Free28.4%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.5%

Cities & Towns


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