Massachusetts Real Estate
According to census data in the year 2000 there were 2,621,989 housing units in Massachusetts.
This represents a 6% from 2,472,711 in 1990.
Of those housing units, 2,389,267 were located in either urbanized areas or urban clusters, and 232,722 were located in what is classified as a rural area.
Homeownership rate in Massachusetts is about 61.7%.
Massachusetts's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Massachusetts were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.4% |
| One Bedroom | 15.1% |
| Two Bedrooms | 28.3% |
| Three Bedrooms | 35.2% |
| Four Bedrooms | 14.9% |
| Five Bedrooms or more | 4.1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $185,700 |
| Median Price asked for vacant units | $160,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $578 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 5.7% |
| Home Equity Loan | 10.6% |
| Simple Mortgage | 55.0% |
| Debt Free | 28.4% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.5% |
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