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 17,601, 7,311 total housing units (homes and apartments), and a median house value of $549,594, Webster real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Webster, accounting for 52.10% of the town's housing units. Other types of housing that are prevalent in Webster include duplexes, homes converted to apartments or other small apartment buildings ( 29.01%), large apartment complexes or high rise apartments ( 13.09%), and a few row houses and other attached homes ( 5.09%).
The most prevalent building size and type in Webster are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.93% owning and 42.07% renting.
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. Webster's housing was primarily built during this period, from the '40s through the '60s. A full 29.93% of the town's housing hails from this era. Other housing ages represented in Webster include homes built between 1970-1999 ( 29.80%) and housing constructed before 1939 ( 28.33%). There's also some housing in Webster built between 2000 and later ( 11.94%).
Vacant housing appears to be an issue in Webster. Fully 10.92% of the housing stock is classified as vacant. Left unchecked, vacant Webster homes and apartments can be a drag on the real estate market, holding Webster real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Webster have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.53%, which ranks in the top 40% nationwide. This equates to an annual average Webster house appreciation rate of 7.15%.
Over the last year, Webster appreciation rates have trailed the rest of the nation. In the last twelve months, Webster's appreciation rate has been 4.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Webster were at 3.22%, which equates to an annual appreciation rate of 13.53%.
Importantly, this makes Webster one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Massachusetts, our data show that Webster's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.
$549,594
for Massachusetts
for nation
7,311
$2,087 / per month