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 8,183 people, 3,125 houses or apartments, and a median cost of homes of $410,169, Templeton real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Templeton homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Templeton, accounting for 77.35% of the town's housing units. Other types of housing that are prevalent in Templeton include duplexes, homes converted to apartments or other small apartment buildings ( 9.87%), row houses and other attached homes ( 7.91%), and a few large apartment complexes or high rise apartments ( 2.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Templeton. Owner-occupied housing accounts for 83.75% of Templeton's homes, and 66.82% have either three or four bedrooms, which is average sized relative to America.
The housing in Templeton was primarily built before 1939 ( 28.43%), making the housing stock in Templeton some of the oldest overall in America, although there is a range of ages of homes in Templeton. The next most important housing age is between 2000 and later ( 28.40%), followed by between 1940-1969 ( 23.65%). There's also some housing in Templeton built between 1970-1999 ( 19.52%).
Appreciation rates for homes in Templeton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.33%, which ranks in the top 30% nationwide. This equates to an annual average Templeton house appreciation rate of 7.87%.
NeighborhoodScout's data show that during the latest twelve months, Templeton's appreciation rate, at 7.69%, has been at or slightly above the national average. In the latest quarter, Templeton's appreciation rate has been 3.22%, which annualizes to a rate of 13.53%.
Importantly, this makes Templeton 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 Templeton's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.
$410,169
for Massachusetts
for nation
3,125
$1,596 / per month