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 68,291, 26,545 total housing units (homes and apartments), and a median house value of $595,205, real estate costs in Haverhill 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 Haverhill, accounting for 41.02% of the city's housing units. Other types of housing that are prevalent in Haverhill include duplexes, homes converted to apartments or other small apartment buildings ( 25.34%), large apartment complexes or high rise apartments ( 23.31%), and a few row houses and other attached homes ( 10.25%).
People in Haverhill primarily live in small (one, two or no bedroom) single-family detached homes. Haverhill has a mixture of owner-occupied and renter-occupied housing.
The housing in Haverhill was primarily built before 1939 ( 37.85%), making the housing stock in Haverhill some of the oldest overall in America, although there is a range of ages of homes in Haverhill. The next most important housing age is between 1970-1999 ( 34.02%), followed by between 1940-1969 ( 16.19%). There's also some housing in Haverhill built between 2000 and later ( 11.94%).
Appreciation rates for homes in Haverhill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.58%, which ranks in the top 30% nationwide. This equates to an annual average Haverhill house appreciation rate of 7.73%.
Appreciation rates are so strong in Haverhill that despite a nationwide downturn in the housing market, Haverhill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Haverhill appreciation rates continue to be some of the highest in America, at 6.41%, which is higher than appreciation rates in 80.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Haverhill. Haverhill appreciation rates in the latest quarter were at 0.96%, which equates to an annual appreciation rate of 3.89%.
Relative to Massachusetts, our data show that Haverhill's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Haverhill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Haverhill - 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 Haverhill real estate investment or home purchase decisions.
$595,205
for Massachusetts
for nation
26,545
$2,967 / per month