The housing market in Billerica, MA is a booming one. The median value for a house in this area is currently $558,100, which is significantly higher than the US median value of $338,100. In addition to this, the 1 year house appreciation rate in Billerica stands at 8.08%, just slightly lower than the general rate of 8.27%. This indicates that there is strong demand for housing in Billerica and that those who invest here will be likely to see a significant return on their investment over time. With continued appreciation and diverse housing options available, Billerica is an ideal place for potential home buyers or investors alike.
The median home cost in Billerica is $558,100. Home appreciation the last 10 years has been 90.5%. Home Appreciation in Billerica is up 12.9%.
Average Age of Homes
- The median age of Billerica real estate is 47 years old
The Rental Market in Billerica
- Renters make up 16.9% of the Billerica population
- 0.2% of houses and apartments in Billerica, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.