Wareham Real Estate
LIVING IN WAREHAM
Wareham 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 22,745 people and four constituent neighborhoods, Wareham is the 87th largest community in Massachusetts.
Wareham 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 a population of 22,745, 9,497 total housing units (homes and apartments), and a median house value of $310,839, Wareham real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Wareham homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Wareham, accounting for 77.79% of the town’s housing units. Other types of housing that are prevalent in Wareham include mobile homes or trailers ( 7.67%), large apartment complexes or high rise apartments ( 6.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.02%).
Dwellings in Wareham tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.53% of the homes in Wareham have two or fewer bedrooms.
There is a lot of housing in Wareham 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 Wareham built before 1939 ( 27.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.80%). There’s also some housing in Wareham built between 2000 and later ( 12.16%).
Vacant housing appears to be an issue in Wareham. Fully 25.12% of the housing stock is classified as vacant. Left unchecked, vacant Wareham homes and apartments can be a drag on the real estate market, holding Wareham 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.