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 6,711, 3,289 total housing units (homes and apartments), and a median house value of $1,493,416, Chatham house prices are not only among the most expensive in Massachusetts, Chatham real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Chatham, accounting for 88.79% of the town's housing units. Other types of housing that are prevalent in Chatham include duplexes, homes converted to apartments or other small apartment buildings ( 5.51%), large apartment complexes or high rise apartments ( 2.86%), and a few row houses and other attached homes ( 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 Chatham. Owner-occupied housing accounts for 86.01% of Chatham's homes, and 62.73% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Chatham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chatham built between 1940-1969 ( 28.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.69%). There's also some housing in Chatham built before 1939 ( 13.68%).
A decent proportion of the Chatham housing stock is seasonally occupied. That is, homes and condos in Chatham are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Chatham housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Chatham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.64%, which ranks in the top 40% nationwide. This equates to an annual average Chatham house appreciation rate of 6.67%.
NeighborhoodScout's data show that during the latest twelve months, Chatham's appreciation rate, at 6.49%, has been at or slightly above the national average. In the latest quarter, Chatham's appreciation rate has been 1.48%, which annualizes to a rate of 6.06%.
Relative to Massachusetts, our data show that Chatham's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.
$1,493,416
for Massachusetts
for nation
3,289
$2,553 / per month