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Easton Multi-Family Homes

Easton, located in Bristol County, is part of the Greater Boston Area and part of the Providence (Rhode Island) MSA (Providence Metropolitan Statistical Area) that covers six counties in Massachusetts and Rhode Island. The city has four wildlife areas -- a state park, the Borderland State Park, the Hockomock Swamp Wildlife Management Area, and the Wheaton Farm Conservation Area. It is a walkable, family-friendly town and a college town with good schools and lots of outdoor activities available. The city includes these neighborhoods.

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The city has 7,756 housing units of which 74.6-percent are owner-occupied with a median home value of $435,781. The appreciation rate for homes in the city has risen 56.88-percent since 2000 averaging 2.53-percent per year. The majority of the homes were built between 1970 and 1999 with 19.1-percent built before 1939, 18.3-percent built between 1940 and 1969, 54.3-percent built between 1970 and 1999, and 8.3-percent built since 2000. The housing units are 69.6-percent single family housing, 10.2-percent townhomes, 8.2-percent small apartment buildings, 10.8-percent apartment complexes, and 1.2-percent mobile homes. The median rent is $1,963 per month.

The city has a population of 24,038 with 86.64-percent employed in white-collar jobs. The city is in the top 5-percent of communities nationwide with residents employed in the areas of mathematics and computers. The average daily commute to work is 31 minutes. However, many residents use the MBTA commuter rail system. The city is comprised of 48-percent of adults with a bachelor's degree or higher. According to the 2010 census, the per capita income was $40,414, and the median household income was $100,028.

Since multifamily housing in this town could serve either of two markets, college students and other adults, discussing your investment plans with a knowledgeable and experienced real estate agent can help you determine which market you want to serve. The agent can then help you choose properties that fit the needs of your target tenants, that provide the best occupancy rate, and that give you the best return on your investment. An agent can provide you with information on the market trends in the area, zoning restrictions, and potential development. When you have selected a property, the agent can help you place a bid and negotiate with the seller, so that you can purchase the property without paying too much. Working with a real estate agent will ensure that your purchase process and future investment are successful.

When selling investment property in this city. an experienced and knowledgeable real estate agent can help you create a marketing plan. With a rental market for college students and a market for other adults, the agent may suggest a plan that targets buyers, focusing on one or both of these markets. The agent will also suggest a price that will help you sell your property quickly, but that will allow room for negotiation. When you receive offers, your real estate agent will scrutinize the offers and the potential buyers to make sure that they can make the purchase without significantly delaying or defaulting on the closing. A real estate agent will help you sell your property quickly at a good price.

For help in this market, contact us to buy or list a multi-family property in Easton.

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