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 15,468, 6,768 total housing units (homes and apartments), and a median house value of $698,908, real estate costs in Mashpee 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 Mashpee, accounting for 70.49% of the town's housing units. Other types of housing that are prevalent in Mashpee include row houses and other attached homes ( 13.81%), large apartment complexes or high rise apartments ( 7.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mashpee. Owner-occupied housing accounts for 81.60% of Mashpee's homes, and 58.26% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mashpee 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 Mashpee built between 2000 and later ( 21.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.43%). There's also some housing in Mashpee built before 1939 ( 2.13%).
A decent proportion of the Mashpee housing stock is seasonally occupied. That is, homes and condos in Mashpee are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Mashpee housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Mashpee has experienced some of the highest home appreciation rates of any community in the nation. Mashpee real estate appreciated 116.17% over the last ten years, which is an average annual home appreciation rate of 8.01%, putting Mashpee in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mashpee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Mashpee that despite a nationwide downturn in the housing market, Mashpee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mashpee appreciation rates continue to be some of the highest in America, at 10.36%, which is higher than appreciation rates in 88.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mashpee. Mashpee appreciation rates in the latest quarter were at 1.98%, which equates to an annual appreciation rate of 8.15%.
Relative to Massachusetts, our data show that Mashpee's latest annual appreciation rate is higher than 80% of the other cities and towns in Massachusetts.
$698,908
for Massachusetts
for nation
6,768
$3,081 / per month