Housing Insights for ZIP Code 02568 (Vineyard Haven, MA)

Housing Summary for ZIP Code 02568

Homeowners

The median home value in ZIP Code 02568 (Vineyard Haven, MA) is $649,300. Approximately 54.8% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.

The average occupancy of owner-occupied units in ZIP Code 02568 is 2.53 occupants, while owner-occupied units have an aggregate average size of 3.04 bedrooms per housing unit.

Renters

In the 02568 ZIP Code, an estimated 45.2% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 3.0%.

Among renter-occupied units in this ZIP, the average occupancy is 1.83 occupants, while renters in this Dukes County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 02568

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 02568.

ZIP 02568 Massachusetts U.S.
Median Home Value $649,300 $656,427 $364,385
Owner-Occupied Housing Units 54.8% 62.4% 64.0%
Homeowner Vacancy Rate 0.0% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.53 2.69 2.70
Average # of Bedrooms Per Unit 3.04 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 45.2% 37.6% 36.0%
Rental Vacancy Rate 3.0% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.83 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 02568 (Vineyard Haven, MA)

The median home value in ZIP Code 02568 is $649,300. That median value is about 70% higher than the median home value of $381,600 in Massachusetts overall, and is 199% higher than the $217,500 the median home value in the entire U.S. About 52.4% of homes in ZIP Code 02568 are valued $500,000 to $999,999. That is 106% higher than in the state of Massachusetts, in which 25.4% of homes are valued at $500,000 to $999,999, and is about 360% higher than in the U.S. overall (11.4% of homes valued at $500,000 to $999,999). The home value range that the smallest portion of ZIP Code 02568 homes fall into is $100,000 to $149,999 (0.0% of homes).

Home Values in ZIP Code 02568

This chart visualizes the breakdown of home values in ZIP Code 02568, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 02568 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 02568

See the table below for a regional comparison of home values in ZIP Code 02568.

Home Value ZIP 02568 Massachusetts U.S.
Less than $50,000 0.0% 1.5% 6.9%
$50,000 to $99,999 1.6% 1.4% 12.0%
$100,000 to $149,999 0.0% 3.4% 13.3%
$150,000 to $199,999 0.6% 7.2% 14.0%
$200,000 to $299,999 2.4% 19.5% 19.6%
$300,000 to $499,999 27.1% 35.9% 19.3%
$500,000 to $999,999 52.4% 25.4% 11.4%
$1,000,000 or more 15.9% 5.8% 3.4%

Home Ages in ZIP Code 02568 (Vineyard Haven, MA)

Approximately 24.2% of homes in this Vineyard Haven, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 02568 is about 26% lower than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 92% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 18.1% of local homes were built in 1980 to 1989. On the other end of the scale, just 0.2% of homes in this Dukes County ZIP Code were built in 2014 or later in ZIP Code 02568. In comparison, 1.6% of homes in Massachusetts overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 02568

A detailed regional comparison of home ages in ZIP Code 02568.

Year Built ZIP 02568 Massachusetts U.S.
2014 or later 0.2% 1.6% 2.5%
2010 to 2013 1.6% 1.7% 2.7%
2000 to 2009 12.8% 7.1% 14.0%
1990 to 1999 10.2% 7.7% 13.9%
1980 to 1989 18.1% 10.8% 13.4%
1970 to 1979 17.4% 11.6% 15.2%
1960 to 1969 4.5% 10.2% 10.6%
1950 to 1959 9.3% 11.3% 10.3%
1940 to 1949 1.6% 5.5% 4.9%
1939 or earlier 24.2% 32.5% 12.6%

Age of Homes in ZIP Code 02568

See the chart below for details on the age of homes in ZIP Code 02568, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 02568

Frequently asked questions about housing in this Vineyard Haven, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 02568.

1

What is the average home value ZIP Code 02568?

The median home value in ZIP Code 02568 (Vineyard Haven, MA) is $649,300.
2

Are homes expensive in ZIP Code 02568?

The median home value in 02568 ($649,300) is an estimated 70% higher than the aggregate median value of $381,600 in Massachusetts, and is 199% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 02568?

The vacacy rate for owner-occupied housing in ZIP Code 02568 is 0.0%. This rate is 100% lower than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 02568 vacancy rate is 100% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 02568 have older homes or newer construction?

In ZIP Code 02568, about 24.2% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 18.1% of homes in the region were built in 1980 to 1989. In contrast, 0.2% of homes in 02568 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 02568? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 02568 than renter-occupied housing. Owner-occupied units make up 54.8% of housing, compared to 45.2% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 02568?

The vacacy rate for rental units in ZIP Code 02568 is 3.0%. This rate is 17% lower than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 02568 vacancy rate is 50% lower than the entire U.S. vacancy rate of 6.0%.