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 14,526, 5,344 total housing units (homes and apartments), and a median house value of $448,415, Wilbraham real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Wilbraham homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Wilbraham, accounting for 82.88% of the town's housing units. Other types of housing that are prevalent in Wilbraham include duplexes, homes converted to apartments or other small apartment buildings ( 6.86%), large apartment complexes or high rise apartments ( 6.22%), and a few row houses and other attached homes ( 4.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wilbraham. Owner-occupied housing accounts for 87.92% of Wilbraham's homes, and 73.11% 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. Wilbraham's housing was primarily built during this period, from the '40s through the '60s. A full 50.50% of the town's housing hails from this era. Other housing ages represented in Wilbraham include homes built between 1970-1999 ( 26.89%) and housing constructed before 1939 ( 11.94%). There's also some housing in Wilbraham built between 2000 and later ( 10.67%).
Wilbraham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wilbraham during the period has been just 5.12%, which is lower than 80% of US communities.
Appreciation rates are so strong in Wilbraham that despite a nationwide downturn in the housing market, Wilbraham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wilbraham appreciation rates continue to be some of the highest in America, at 9.34%, which is higher than appreciation rates in 83.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wilbraham. Wilbraham appreciation rates in the latest quarter were at 0.85%, which equates to an annual appreciation rate of 3.44%.
Relative to Massachusetts, our data show that Wilbraham's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.
$448,415
for Massachusetts
for nation
5,344
$1,458 / per month