Chelmsford Multi-Family Homes
Potential home buyers who are looking to make a purchase in an area that offers both stability as well as high family values, are in for a treat with the lovely town of Chelmsford. This area boasts a high percentage of owner occupied single-family homes, in addition to the high percentage of adults holding a 4-year college or graduate degree - combining for a wonderful sense of stability and feeling of security. However, though a percentage of the real estate market consists of single-family homes, there is still plenty of multi-family units, with approximately 31.8% of the total market being comprised of multi-unit structures. And with the only commonly notable downside being a rather long commute to work - just over 30 minutes on average - the positive aspects of this area far outweigh this small negative one. With a rather large population of over 35,000 people, the town offers a total of around 13,691 total housing units. And maintaining a median home value of $408,560, the real estate market is only slightly more expensive than the statewide median value of nearly $370,000. As you can see, this area is high on the list of many potential buyers, and if you'd like assistance in your search for a home, contact us today and we'd be happy to help.
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The town of Chelmsford is a wonderful investment opportunity for potential buyers, but that also makes it a great opportunity for individuals who may be interested in selling their home. With 82.5% of the units in this area being owner occupied, this leaves an estimated 3.4% vacancy rate throughout the town; which creates a rather high demand for real estate compared to the available units. Due to the high demand for homes in this town, now would be the perfect time to sell. Not only is there a higher than average demand for properties here, but there is also an estimated 12.76% appreciation rate over the last ten years - including a 4.71% increase over just the last twelve months. These figures show, without a doubt, that this area is quickly gaining popularity - creating a possible need for additional housing units to be constructed. Therefore, if you'd like to sell your multi-family home while the real estate market is soaring, contact us today and we'll do our best to help you sell your home ASAP.
Located in Middlesex County, this town consists of eight constituent neighborhoods, making it the 46th largest community in the entire state. The eight neighborhoods in town - listed from most to least expensive - begin with Westford Rd / Graniteville Rd. This area consists of a higher median home value of $515,203 and is made up of primarily larger homes and small apartments. West Chelmsford maintains a median real estate price of $472,878 and consists of mainly larger homes and small apartments. South Chelmsford has a median home value of $463,993 and includes mostly larger homes and small apartments. Town Center's median home value is identical to the $408,560 town median, and consists of primarily average sized home and smaller apartments. Billerica Rd / Mill Rd comes in with a median real estate price of $396,608 and is made up of mostly small to average sized homes and smaller apartments. Westlands neighborhood hosts a median home value of $391,600 and houses mostly average sized homes and smaller apartments. Drum Hill Rd / North Rd has a median real estate price of $372,472 and includes mainly smaller homes and apartments/high-rise apartments. North Chelmsford finishes the least expensive of the eight neighborhoods, with a median home value of $336,514 and consists of primarily small/medium sized single-family homes and townhomes. With plenty of information to consider, now is the time to take action. Simply sign up or contact us today to buy or sell a multi-family home in Chelmsford.
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