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 11,620 people, 4,329 houses or apartments, and a median cost of homes of $599,336, real estate costs in Pepperell 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 Pepperell, accounting for 76.98% of the town's housing units. Other types of housing that are prevalent in Pepperell include large apartment complexes or high rise apartments ( 7.64%), duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), and a few row houses and other attached homes ( 5.85%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pepperell. Owner-occupied housing accounts for 82.71% of Pepperell's homes, and 71.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Pepperell 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 Pepperell built before 1939 ( 18.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.96%). There's also some housing in Pepperell built between 2000 and later ( 13.00%).
Appreciation rates for homes in Pepperell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.23%, which ranks in the top 50% nationwide. This equates to an annual average Pepperell house appreciation rate of 6.81%.
Appreciation rates are so strong in Pepperell that despite a nationwide downturn in the housing market, Pepperell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pepperell appreciation rates continue to be some of the highest in America, at 9.37%, which is higher than appreciation rates in 83.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pepperell. Pepperell appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.87%.
Relative to Massachusetts, our data show that Pepperell's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.
$599,336
for Massachusetts
for nation
4,329
$3,469 / per month