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 25,208 people, 11,699 houses or apartments, and a median cost of homes of $676,851, real estate costs in Yarmouth are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Yarmouth, accounting for 79.06% of the town's housing units. Other types of housing that are prevalent in Yarmouth include large apartment complexes or high rise apartments ( 8.52%), row houses and other attached homes ( 6.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.47%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Yarmouth. Owner-occupied housing accounts for 79.90% of Yarmouth's homes, and 51.29% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Yarmouth built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Yarmouth built between 1940-1969 ( 34.07%). A lesser amount of the housing stock also hails from before 1939 ( 8.14%). There's also some housing in Yarmouth built between 2000 and later ( 6.92%).
A decent proportion of the Yarmouth housing stock is seasonally occupied. That is, homes and condos in Yarmouth are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Yarmouth housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Yarmouth has experienced some of the highest home appreciation rates of any community in the nation. Yarmouth real estate appreciated 116.16% over the last ten years, which is an average annual home appreciation rate of 8.01%, putting Yarmouth in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Yarmouth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Yarmouth's appreciation rate, at 3.78%, has been at or slightly above the national average. In the latest quarter, Yarmouth's appreciation rate has been 2.77%, which annualizes to a rate of 11.56%.
Importantly, this makes Yarmouth 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 Yarmouth's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Yarmouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Yarmouth - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Yarmouth real estate investment or home purchase decisions.
$676,851
for Massachusetts
for nation
11,699
$3,000 / per month