Bourne Real Estate
LIVING IN BOURNE
Bourne is a medium-sized coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Massachusetts. With a population of 19,762 people and five constituent neighborhoods, Bourne is the 95th largest community in Massachusetts.
Housing costs in Bourne are among some of the highest in the nation, although real estate prices here don’t compare to real estate prices in the most expensive communities in Massachusetts.
Bourne is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
With 19,762 people, 8,611 houses or apartments, and a median cost of homes of $436,127, real estate costs in Bourne are among some of the highest in the nation, although house prices here don’t compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Bourne, accounting for 78.36% of the town’s housing units. Other types of housing that are prevalent in Bourne include large apartment complexes or high rise apartments ( 7.80%), duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), and a few row houses and other attached homes ( 6.26%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bourne. Owner-occupied housing accounts for 70.82% of Bourne’s homes, and 61.04% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bourne 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 Bourne built between 1940-1969 ( 26.83%). A lesser amount of the housing stock also hails from before 1939 ( 17.60%). There’s also some housing in Bourne built between 2000 and later ( 12.67%).
Vacant housing appears to be an issue in Bourne. Fully 25.80% of the housing stock is classified as vacant. Left unchecked, vacant Bourne homes and apartments can be a drag on the real estate market, holding Bourne real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.