The housing in Chelsea, MA (02150) is quite expensive compared to the median value of the US. The median value for homes in Chelsea is $425,700, which is significantly higher than the US house median value of $338,100. While the one year house appreciation rate for the US is 8.27%, it is slightly lower in Chelsea at 5.64% appreciation rate over the last year. With its close proximity to Boston and its great amenities, it’s easy to see why Chelsea's housing market remains strong and pricey.
The median home cost in Chelsea (zip 02150) is $425,700. Home appreciation the last 10 years has been 104.4%. Home Appreciation in Chelsea (zip 02150) is up 10.6%.
Average Age of Homes
- The median age of Chelsea (zip 02150) real estate is 78 years old
The Rental Market in Chelsea (zip 02150)
- Renters make up 66.8% of the Chelsea (zip 02150) population
- 1.4% of houses and apartments in Chelsea (zip 02150), 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.