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 9,236 people, 3,243 houses or apartments, and a median cost of homes of $599,484, real estate costs in Freetown 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 Freetown, accounting for 92.29% of the town's housing units. Other types of housing that are prevalent in Freetown include duplexes, homes converted to apartments or other small apartment buildings ( 4.64%), large apartment complexes or high rise apartments ( 1.64%), and a few row houses and other attached homes ( 1.20%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Freetown. Owner-occupied housing accounts for 89.76% of Freetown's homes, and 70.85% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Freetown 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 Freetown built between 1940-1969 ( 19.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.84%). There's also some housing in Freetown built before 1939 ( 14.84%).
Appreciation rates for homes in Freetown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.74%, which ranks in the top 50% nationwide. This equates to an annual average Freetown house appreciation rate of 6.56%.
Over the last year, Freetown appreciation rates have trailed the rest of the nation. In the last twelve months, Freetown's appreciation rate has been 7.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Freetown were at 1.17%, which equates to an annual appreciation rate of 4.75%.
Relative to Massachusetts, our data show that Freetown's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.
$599,484
for Massachusetts
for nation
3,243
$3,161 / per month