Lowell, MA is a great place for housing. The median value of homes in Lowell is $405,500, lower than the national median value of $338,100. House appreciation in Lowell has been relatively steady at 8.08%, slightly below the national rate of 8.27%. This makes it a great option for people looking to invest in real estate without taking on too much risk. Moreover, with its convenient location and vibrant community atmosphere, Lowell is an attractive option for those looking to buy a home.
The median home cost in Lowell is $405,500. Home appreciation the last 10 years has been 90.5%. Home Appreciation in Lowell is up 12.9%.
Average Age of Homes
- The median age of Lowell real estate is 72 years old
The Rental Market in Lowell
- Renters make up 51.4% of the Lowell population
- 1.8% of houses and apartments in Lowell, 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.