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 15,632 people, 5,811 houses or apartments, and a median cost of homes of $558,183, real estate costs in Longmeadow 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 Longmeadow, accounting for 89.90% of the town's housing units. Other types of housing that are prevalent in Longmeadow include large apartment complexes or high rise apartments ( 5.62%), row houses and other attached homes ( 2.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Longmeadow. Owner-occupied housing accounts for 89.24% of Longmeadow's homes, and 70.73% have either three or four bedrooms, which is average sized relative to America.
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. Longmeadow's housing was primarily built during this period, from the '40s through the '60s. A full 50.68% of the town's housing hails from this era. Other housing ages represented in Longmeadow include homes built before 1939 ( 27.22%) and housing constructed between 1970-1999 ( 20.45%). There's also some housing in Longmeadow built between 2000 and later ( 1.65%).
Longmeadow's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Longmeadow during the period has been just 4.89%, which is lower than 80% of US communities.
Appreciation rates are so strong in Longmeadow that despite a nationwide downturn in the housing market, Longmeadow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Longmeadow appreciation rates continue to be some of the highest in America, at 9.44%, which is higher than appreciation rates in 83.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Longmeadow. Longmeadow appreciation rates in the latest quarter were at 0.85%, which equates to an annual appreciation rate of 3.44%.
Relative to Massachusetts, our data show that Longmeadow's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.
$558,183
for Massachusetts
for nation
5,811
$4,419 / per month