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 10,385, 4,707 total housing units (homes and apartments), and a median house value of $383,516, Ware real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Ware homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Ware, accounting for 58.40% of the town's housing units. Other types of housing that are prevalent in Ware include duplexes, homes converted to apartments or other small apartment buildings ( 24.17%), large apartment complexes or high rise apartments ( 9.32%), and a few row houses and other attached homes ( 4.49%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ware. Owner-occupied housing accounts for 70.13% of Ware's homes, and 57.24% have either three or four bedrooms, which is average sized relative to America.
The housing in Ware was primarily built before 1939 ( 34.00%), making the housing stock in Ware some of the oldest overall in America, although there is a range of ages of homes in Ware. The next most important housing age is between 1970-1999 ( 29.97%), followed by between 1940-1969 ( 24.50%). There's also some housing in Ware built between 2000 and later ( 11.53%).
Real estate appreciation rates in Ware's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.14% during the period.
Appreciation rates are so strong in Ware that despite a nationwide downturn in the housing market, Ware real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ware appreciation rates continue to be some of the highest in America, at 9.64%, which is higher than appreciation rates in 85.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ware. Ware 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 Ware's latest annual appreciation rate is higher than 80% of the other cities and towns in Massachusetts.
$383,516
for Massachusetts
for nation
4,707
$1,938 / per month