Gloucester, MA has a housing median value of $611,500 which is almost twice the national median value of $338,100. This city has experienced an increase in values over the past year with a rate of appreciation of 9.17%, slightly higher than the US rate of 8.27%. The strong housing market combined with continued property investment suggests that Gloucester is a desirable place to live and continues to be an attractive option for potential homeowners.
The median home cost in Gloucester is $611,500. Home appreciation the last 10 years has been 95.5%. Home Appreciation in Gloucester is up 13.0%.
Average Age of Homes
- The median age of Gloucester real estate is 74 years old
The Rental Market in Gloucester
- Renters make up 32.9% of the Gloucester population
- 0.2% of houses and apartments in Gloucester, 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.