Great Barrington, MA is an attractive place to buy a house due to its booming housing market. The median value of a home in Great Barrington is significantly higher than the US median value, at $519,700 compared to the national figure of $338,100. This is further emphasized by the 1 year appreciation rate in Great Barrington, which stands at an impressive 16.87%, more than double the national appreciation rate of 8.27%. As a result, buying or selling a home in Great Barrington can be highly lucrative and presents a great real estate opportunity for shrewd investors.
The median home cost in Great Barrington is $519,700. Home appreciation the last 10 years has been 59.1%. Home Appreciation in Great Barrington is up 14.6%.
Average Age of Homes
- The median age of Great Barrington real estate is 78 years old
The Rental Market in Great Barrington
- Renters make up 30.7% of the Great Barrington population
- 1.1% of houses and apartments in Great Barrington, 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.