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 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'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.
$1,056,343
for Massachusetts
for nation
3,599
$4,217 / per month