Suffolk, MA County has seen a steady increase in the median value of housing over the past year. The median value in the county is currently $637,000 which is significantly higher than the US House Median Value of $338,100. This increase can be attributed to a 8.86% 1 year house appreciation rate in the county, which is slightly higher than the national average of 8.27%. These figures demonstrate that Suffolk is an attractive area for homeowners looking for good value and potential increases in capital gains. With the ongoing economic uncertainty caused by COVID-19, buying property here may be a wise investment for those willing to take on some risk.
The median home cost in Suffolk County is $637,000. Home appreciation the last 10 years has been 103.8%. Home Appreciation in Suffolk County is up 10.7%.
Average Age of Homes
- The median age of Suffolk County real estate is 78 years old
The Rental Market in Suffolk County
- Renters make up 59.3% of the Suffolk County population
- 2.4% of houses and apartments in Suffolk County, 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.