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 11,661 people, 3,741 houses or apartments, and a median cost of homes of $2,388,830, Weston house prices are not only among the most expensive in Massachusetts, Weston real estate also is some of the most expensive in all of America.
Weston is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Weston than is found in 98% of the communities in America.
The large homes that make up Weston are primarily owner-occupied ( 81.37%).
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. Weston's housing was primarily built during this period, from the '40s through the '60s. A full 39.17% of the town's housing hails from this era. Other housing ages represented in Weston include homes built before 1939 ( 23.54%) and housing constructed between 1970-1999 ( 20.12%). There's also some housing in Weston built between 2000 and later ( 17.17%).
Appreciation rates for homes in Weston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.37%, which ranks in the top 40% nationwide. This equates to an annual average Weston house appreciation rate of 6.98%.
Appreciation rates are so strong in Weston that despite a nationwide downturn in the housing market, Weston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Weston appreciation rates continue to be some of the highest in America, at 8.04%, which is higher than appreciation rates in 70.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Weston. Weston appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.87%.
Relative to Massachusetts, our data show that Weston's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.
$2,388,830
for Massachusetts
for nation
3,741
$4,146 / per month