Hanson Multi-Family Homes
Hanson, located in Plymouth County, is 18 miles south-southeast of Boston. The south side, which was the center of town, has fallen into decay and could use some redevelopment.
Neighborhoods
- The Town Center neighborhood, with a median real estate price of $395,976, is among the 51.7-percent highest-priced neighborhoods in the state and 21.2-percent highest-priced neighborhoods in the country. The majority of the housing units are three- to four-bedroom, single-family homes and studio to two-bedroom small apartment buildings. Most housing units are owner-occupied and were built between 1940 and 1999. There is a low vacancy rate of 0.0-percent. The average commute time is 15 to 30 minutes.
- The Camp Kiwanis and Breezy Hill neighborhood, with a median real estate price of $374,296, is among the 56.1-percent highest-priced neighborhoods in the state and 23.3-percent highest-priced neighborhoods in the country. The average rental price, at $1,366, is higher priced than 22.8-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and small apartment buildings. Most housing units are owner-occupied and were built between 1970 and 1999 and before 1939. There is a low vacancy rate of 1.5-percent. The average commute time is between 15 and 30 minutes.
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This is a small town with 10,758 residents who work in a mixture of white-collar and blue-collar jobs with the fields of computers and mathematics employing more residents than 95-percent of the cities across the country. Residents can be classified as Urban Sophisticates who travel, read, shop, and support the arts. With 31.87-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $36,282, and $93,517 was the median household income. The average commute for the residents is 33.3 minutes. However, residents have access to the MBTA commuter rail system.
Of the 3,596 housing units, 90.3-percent are owner-occupied with a median home value of $395,976 and a vacancy rate of 0.7-percent. Since 2000, real estate values have appreciated 54.03-percent for an annual average of 2.43-percent. While 84.9-percent of the housing units are single-family homes, the housing units also include 3.5-percent townhomes, 9.0-percent small apartment buildings, 1.9-percent apartment complexes, and 0.7-percent mobile homes. At 38.5-percent, most of the housing units were built between 1970 and 1999 with 23.3-precent built before 1939, 27.9-percent built between 1940 and 1969, and 10.3-percent built since 2000. The average rent is $1,366.
As mentioned at the beginning, the south side needs to be redeveloped. Otherwise, there is just a small amount of multi-family housing in this city. However, the occupancy rate is very good. This combination could put you in competition with other investors. Our agents know the area and can guide you to properties in this city or nearby areas that will keep you from bidding wars with other potential buyers or from making too many concessions to sellers. They can advise you on what properties should give you the best return on your investment. With our large database, our agents can provide you with a list of properties from which to choose in this city and nearby areas. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. Hiring one of our agents protects your investment.
To sell your property in this city, our agents can help you set a price that reflects the market. Our large database will provide access to more potential buyers. When you receive offers, our agent will be able to investigate the ability of potential buyers to close quickly. They can help you avoid buyers who need to sell property before they can close. If their other property does not sell, they may default on the closing and cost you another potential buyer who may have bought other property. So let one of our agents help you sell your property quickly at a good price.
For assistance in this tight market, contact us to buy or list a multi-family property in Hanson.
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