Plymouth Real Estate
LIVING IN PLYMOUTH
Plymouth is a larger medium-sized coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Massachusetts. With a population of 61,528 people and 11 constituent neighborhoods, Plymouth is the 19th largest community in Massachusetts.
Housing costs in Plymouth 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.
With a population of 61,528, 23,345 total housing units (homes and apartments), and a median house value of $408,605, real estate costs in Plymouth 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 Plymouth, accounting for 73.01% of the town’s housing units. Other types of housing that are prevalent in Plymouth include large apartment complexes or high rise apartments ( 10.22%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few row houses and other attached homes ( 6.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plymouth. Owner-occupied housing accounts for 77.38% of Plymouth’s homes, and 57.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Plymouth 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 Plymouth built between 1940-1969 ( 20.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.63%). There’s also some housing in Plymouth built before 1939 ( 16.13%).
Vacant housing appears to be an issue in Plymouth. Fully 14.77% of the housing stock is classified as vacant. Left unchecked, vacant Plymouth homes and apartments can be a drag on the real estate market, holding Plymouth 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.