menu
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.



Ware, 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

Ware, MA Housing Market Trends

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%).

Ware Home Appreciation Rates

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.

Average Home Values

Median Home Value

$383,516

Ware, MA Home Prices
> $1,445,000
$1,084,001 - $1,445,000
$722,001 - $1,084,000
$578,001 - $722,000
$434,001 - $578,000
$289,001 - $434,000
$144,001 - $289,000
$73,001 - $144,000
$0 - $73,000
1.7%
1.7%
1.6%
1.6%
0.6%
0.6%
6.3%
6.3%
16.8%
16.8%
37.5%
37.5%
31.0%
31.0%
2.9%
2.9%
1.5%
1.5%
0% 100.0%
% of Homes
Very Low

for Massachusetts

High

for nation

Number of Homes And Apartments:

4,707

Ware Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,938 / per month

Homeownership Rate

Owners
Renters
70.1%
70.1%
29.9%
29.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.0%
9.0%
91.0%
91.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.5%
11.5%
30.0%
30.0%
24.5%
24.5%
34.0%
34.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.4%
58.4%
4.5%
4.5%
24.2%
24.2%
9.3%
9.3%
3.6%
3.6%
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
1.4%
1.4%
10.9%
10.9%
27.2%
27.2%
41.8%
41.8%
15.4%
15.4%
3.3%
3.3%
0% 100.0%
% of Homes