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 18,046, 7,316 total housing units (homes and apartments), and a median house value of $386,715, South Hadley real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, South Hadley homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in South Hadley, accounting for 65.34% of the town's housing units. Other types of housing that are prevalent in South Hadley include duplexes, homes converted to apartments or other small apartment buildings ( 15.27%), large apartment complexes or high rise apartments ( 9.71%), and a few row houses and other attached homes ( 9.68%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Hadley. Owner-occupied housing accounts for 67.02% of South Hadley's homes, and 52.61% 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. South Hadley's housing was primarily built during this period, from the '40s through the '60s. A full 42.61% of the town's housing hails from this era. Other housing ages represented in South Hadley include homes built between 1970-1999 ( 31.54%) and housing constructed before 1939 ( 16.22%). There's also some housing in South Hadley built between 2000 and later ( 9.62%).
South Hadley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Hadley during the period has been just 5.15%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, South Hadley's appreciation rate, at 5.55%, has been at or slightly above the national average. In the latest quarter, South Hadley's appreciation rate has been 0.85%, which annualizes to a rate of 3.44%.
Relative to Massachusetts, our data show that South Hadley's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.
$386,715
for Massachusetts
for nation
7,316
$1,995 / per month