Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 16,762, 6,710 total housing units (homes and apartments), and a median house value of $482,508, Auburn real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Auburn, accounting for 76.58% of the town's housing units. Other types of housing that are prevalent in Auburn include duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), large apartment complexes or high rise apartments ( 7.19%), and a few mobile homes or trailers ( 4.54%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Auburn. Owner-occupied housing accounts for 83.21% of Auburn's homes, and 59.01% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Auburn's housing was primarily built during this period, from the '40s through the '60s. A full 38.87% of the town's housing hails from this era. Other housing ages represented in Auburn include homes built between 1970-1999 ( 30.81%) and housing constructed before 1939 ( 21.58%). There's also some housing in Auburn built between 2000 and later ( 8.74%).
Appreciation rates for homes in Auburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.59%, which ranks in the top 40% nationwide. This equates to an annual average Auburn house appreciation rate of 6.99%.
NeighborhoodScout's data show that during the latest twelve months, Auburn's appreciation rate, at 6.74%, has been at or slightly above the national average. In the latest quarter, Auburn's appreciation rate has been 3.22%, which annualizes to a rate of 13.53%.
Importantly, this makes Auburn one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Massachusetts, our data show that Auburn's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Auburn real estate investment or home purchase decisions.
$482,508
for Massachusetts
for nation
6,710
$2,460 / per month