Massachusetts Real Estate and Livability Trends
Massachusetts has seen a major increase in median home values, jumping about 45% from $333,100 in 2015 to $483,900 in 2022, positioning the state as a hotspot for property investors. Concurrently, average taxable income has risen from $81,117.46 in 2013 to $129,733.11 in 2021, indicating a possible upward trend in economic growth and household incomes. However, real estate taxes have nearly... Read more
Massachusetts Market Trends
The median home value in Massachusetts surged roughly 45% from $333,100 in 2015 to $483,900 in 2022, outpacing national growth and signaling robust property appreciation for investors. Residential Energy Tax Credits fluctuated significantly, peaking at $4,632.23 in 2018 before stabilizing between $1,189.54 and $1,459.90, which could entice energy-efficient home investments. Real estate taxes rose... Read more
Median Value of Occupied Housing Units in Massachusetts Over the Last 8 Years
Over the past eight years, the median home value in Massachusetts has consistently climbed from $333,100 in 2015 to $483,900 in 2022. This increase of roughly 45% outpaces national trends, where median home values rose from $125,500 to $179,400 over the same period. For prospective investors and homeowners, this suggests a more rapid appreciation of property in Massachusetts compared to the rest of the country, potentially offering greater returns on real estate investments. Those already living in Massachusetts might see this as a sign of a strong and resilient housing market, although it may also indicate increasing barriers for new buyers.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Massachusetts over the last 10 years
Active Loans 30-60 Days Past Due in Massachusetts over the last 10 years in Massachusetts
Perent of loans that are Active Loans 90-180 Days Past Due in Massachusetts over the last 10 years in Massachusetts
Residential Energy Tax Credit Per Tax Return in Massachusetts Over the Last 9 Years
Over the past nine years, Massachusetts has seen significant fluctuations in Residential Energy Tax Credits per tax return. Starting at $452.74 in 2013, the credits spiked to a high of $4,632.23 in 2018, before stabilizing around the $1,189.54 to $1,459.90 range in the subsequent years. This trend may have implications for those looking to invest in renewable energy solutions or energy-efficient home upgrades, enticing both property developers and homeowners interested in maximizing tax benefits. Real estate agents and appraisers might find these trends useful for advising clients on potential financial incentives tied to green energy initiatives.
Average Real Estate Taxes Per Tax Return in Massachusetts Over the Last 10 Years
Real estate taxes per tax return in Massachusetts have shown a noticeable increase over the past decade, climbing from around $5,500.66 in 2012 to approximately $8,902.19 in 2021. This steady rise could indicate strengthening property values and might impact investment decisions, property appraisals, and insurance premiums. For potential homebuyers and real estate agents, understanding these tax trends can provide crucial context for market conditions and potential cost implications.
Percentage of Farm Returns in Massachusetts Over the Last 10 Years
Farm tax returns in Massachusetts have shown a gradual but steady decline over the past decade, with percentages dropping from about 0.148% in 2012 to roughly 0.129% in 2021. This trend could suggest a decrease in farming activity or the number of operational farms in the state. For potential investors, this might imply fewer opportunities within traditional farming sectors, possibly motivating a shift towards niche agricultural markets or alternative land uses. Homebuyers and developers might interpret this as a sign of changing land values and usage, affecting property decisions and long-term investments in the area.
Economic Outlook
Massachusetts has experienced a notable rise in average taxable income per tax return from $81,117.46 in 2013 to $129,733.11 by 2021, possibly indicating economic growth and increasing household incomes. However, this also points to higher living costs, impacting property appraisals and affordability. Average state and local income taxes per return have grown significantly from $8,590.58 in 2012 to $22,514.50 in 2021, highlighting a rising tax burden. The average total tax liability per return... Read more
Average Taxable Income per Tax Return in Massachusetts over the last 9 years
Over the past nine years, Massachusetts has seen a steady rise in average taxable income per tax return, jumping from approximately $81,117.46 in 2013 to around $129,733.11 by 2021. This trend may highlight underlying economic growth and increasing household incomes in the state, making Massachusetts potentially attractive for investors, property developers, and real estate professionals. However, these rising incomes can also signal higher living costs, impacting appraisals, insurance rates, and overall affordability. Balancing these factors is crucial for those considering moving to or investing in the region.
Average State and Local Income Taxes Per Tax Return in Massachusetts Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Massachusetts have seen a significant increase from approximately $8,590.58 in 2012 to around $22,514.50 in 2021. This trend could impact potential investors and residents by highlighting the rising tax burden in the state, which is something to consider for financial planning. The marked jump in recent years, particularly from 2017 onward, indicates a substantial increase in the fiscal responsibilities facing those living and working in Massachusetts.
Average Total Tax Liability Per Tax Return in Massachusetts Over the Last 10 Years
In the past decade, Massachusetts has seen a significant rise in the average total tax liability per tax return, with notable jumps particularly in recent years. In 2012, the liability was around $15,778.93, but by 2021, it had surged to approximately $27,733.69. The increasing trend, especially the sharp rise from 2020 to 2021, could signal economic growth, higher incomes, or changes in tax policies. This upward trajectory might suggest that future investors, potential homeowners, or real estate developers could face higher tax liabilities, which is essential to factor in for financial planning and assessments in Massachusetts.
Cost of Living in Massachusetts
Safety trends & Data
Property crime in Massachusetts has seen notable fluctuations over the last five years, with fraud consistently leading the pack—9,517.00 arrests in 2018 dropping to 5,091.00 by 2022. Vandalism and larceny-theft show similar patterns, with vandalism arrests ranging between 1,974.00 and 2,447.00, and larceny-theft peaking at 1,912.00 in 2018 but reducing to 1,303.00 by 2022. Lower yet variable numbers for arson, burglary, and motor vehicle theft suggest ongoing areas of concern for... Read more
Property Crime Trends in Massachusetts Over the Last 5 Years
Property crime trends in Massachusetts over the last five years show notable fluctuations across different crime categories. Fraud consistently tops the charts with numbers like 9,517.00 arrests in 2018, slightly decreasing to 5,091.00 by 2022, signaling a persistent though sometimes declining issue. Vandalism and Larceny-Theft follow, with vandalism hovering between 1,974.00 and 2,447.00 arrests and larceny-theft peaking at 1,912.00 in 2018 but dipping to 1,303.00 by 2022. Arson, burglary, and motor vehicle theft have lower arrest numbers but exhibit ebb and flow trends, indicating areas of potential concern for investors, builders, and residents. Understanding these variations is crucial for those assessing risk, property value, or community safety in Massachusetts.
Demographics
Massachusetts shows a balanced gender distribution with a slight tilt toward a higher female population. Regarding education, around 26% of adults hold a Bachelor's degree, which could suggest a relatively skilled workforce. Age-wise, there's a substantial chunk of the populace in the 25-34 age bracket, hinting at a potentially vibrant labor market. Racially, White individuals constitute the overwhelming majority, with significant representation from Black or African Americans and... Read more
Race Distribution in Massachusetts (2022)
Educational Attainment in Massachusetts (2022)
Age Distribution in Massachusetts
Citizen Population in Massachusetts (2022)
Political Trends & Data
Massachusetts' real estate market may be influenced by its distinct political leaning, as the state significantly favored the Democratic Party in the 2020 U.S. Presidential Election, with Democrats potentially capturing around 65% of the votes. This strong two-party preference, with Republicans perhaps securing just over 31% of the votes, could shape community values and local governance, potentially impacting everything from property taxes to urban development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Massachusetts showed a significant leaning towards the Democratic Party in the 2020 U.S. Presidential Election, with Democrats potentially capturing around 65% of the votes. Republicans might have garnered just over 31%, reflecting a substantial gap between the two main parties. Minor parties, including the Libertarian and Green parties, seemed to have received minimal support, with each securing roughly 1% or less of the vote, showcasing the state's strong two-party preference.
31.91% of voters voted for the Republican party in the 2020 Presidential Election
65.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Libertarian party in the 2020 Presidential Election
0.51% of voters voted for the Green party in the 2020 Presidential Election
1.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Massachusetts has seen its student-to-teacher ratio improve significantly, dropping from sixteen students per teacher in 2014 to around eleven in 2023. This trend could signal better educational quality, which might attract homebuyers looking for good schools, thereby boosting property values. Additionally, smaller class sizes can suggest a safer, more controlled environment, benefiting builders and insurance agents by potentially reducing liability and... Read more
Student-to-teacher ratio in Massachusetts over the last 10 years
Over the past decade, Massachusetts has seen notable fluctuations in its student-to-teacher ratio. In 2014, the ratio was at a high of sixteen students per teacher, yet by 2019, it fell to just thirteen. The most recent data from 2023 shows it has further decreased to approximately eleven students per teacher, which is below the national average of fourteen. This trend could carry significant implications for prospective investors, appraisers, and real estate agents since a lower student-to-teacher ratio often suggests a higher quality of education and can enhance property values. Similarly, those looking to move to the area might find the improved ratio indicative of better educational outcomes for their children. Builders and insurance agents might also see benefits; smaller school sizes can lead to safer, more controlled environments, potentially reducing both risk and liability.
