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 11,850, 4,277 total housing units (homes and apartments), and a median house value of $467,759, Dudley real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Dudley, accounting for 73.59% of the town's housing units. Other types of housing that are prevalent in Dudley include duplexes, homes converted to apartments or other small apartment buildings ( 17.16%), large apartment complexes or high rise apartments ( 5.96%), and a few row houses and other attached homes ( 3.30%).
The most prevalent building size and type in Dudley are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.95% owning and 35.05% renting.
There is a lot of housing in Dudley 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 Dudley built between 1940-1969 ( 30.44%). A lesser amount of the housing stock also hails from before 1939 ( 25.06%). There's also some housing in Dudley built between 2000 and later ( 11.68%).
Real estate appreciation rates in Dudley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.47% during the period.
Over the last year, Dudley appreciation rates have trailed the rest of the nation. In the last twelve months, Dudley's appreciation rate has been 4.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dudley were at 3.22%, which equates to an annual appreciation rate of 13.53%.
Importantly, this makes Dudley 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 Dudley's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.
$467,759
for Massachusetts
for nation
4,277
$2,120 / per month