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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Southborough, MA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Southborough, MA Housing Market Trends

With a population of 10,409, 3,599 total housing units (homes and apartments), and a median house value of $1,056,343, Southborough house prices are not only among the most expensive in Massachusetts, Southborough real estate also is some of the most expensive in all of America.

Southborough is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Southborough than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southborough. Owner-occupied housing accounts for 88.10% of Southborough's homes, and 72.76% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Southborough 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 Southborough built between 1940-1969 ( 28.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.54%). There's also some housing in Southborough built before 1939 ( 12.28%).

Southborough Home Appreciation Rates

Southborough's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Southborough during the period has been just 5.33%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Southborough's appreciation rate, at 6.44%, has been at or slightly above the national average. In the latest quarter, Southborough's appreciation rate has been 3.22%, which annualizes to a rate of 13.53%.

Importantly, this makes Southborough 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 Southborough's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$1,056,343

Southborough, MA Home Prices
> $1,321,000
$991,001 - $1,321,000
$661,001 - $991,000
$529,001 - $661,000
$396,001 - $529,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
22.8%
22.8%
27.3%
27.3%
31.2%
31.2%
10.9%
10.9%
4.7%
4.7%
1.0%
1.0%
1.4%
1.4%
0.6%
0.6%
0.2%
0.2%
0% 100.0%
% of Homes
Very High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

3,599

Southborough Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,217 / per month

Homeownership Rate

Owners
Renters
88.1%
88.1%
11.9%
11.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.4%
1.4%
98.6%
98.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.5%
17.5%
41.4%
41.4%
28.7%
28.7%
12.3%
12.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.1%
84.1%
6.6%
6.6%
4.9%
4.9%
4.4%
4.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
5.0%
5.0%
12.2%
12.2%
25.6%
25.6%
47.2%
47.2%
9.2%
9.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Southborough

Zip Codes in Southborough, MA