Hardwick, MA—01031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hardwick, MA
As of Oct '25, the median home price in Hardwick, MA is $392,000, with a year-over-year change of 1.1%. This indicates that home prices in Hardwick, MA are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $392,000 | 1.2% |
| Single Family | $394,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $387,000 | 1.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hardwick, MA
As of July '25, Rentcast reports the average rent in Hardwick, MA is $1,650, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Hardwick, MA is 2-bedrooms: $1,650. The most common rental property sizes in Hardwick, MA are 2-bedroom and 1-bedroom, accounting for 30.9% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,650 | $1,650 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hardwick, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hardwick, MA is 46. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | -18.0% |
Listing Count | 5 | 200.0% |
| Listings as % of Homes | 0.1% | 200.0% |
Days on Market | 46 | -11.0% |
Demographics — Hardwick, MA
As of the latest ACS Survey released in 2023, Hardwick, MA has a population of 1,720, which has increased by 43.3% over the past 5 years. Hardwick, MA is a popular place for families, as children make up 27.1% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,720 | 43.3% |
% Under 18 | 27.1% | 37.6% |
% Seniors | 13.6% | -19.0% |
% WFH | 6.3% | 57.5% |
% w/ College Degree | 22.0% | -16.7% |
As of the latest ACS Survey released in 2023, Hardwick, MA is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Hardwick, MA is hispanic, making up 8.9% of the population. Foreign-born residents account for 3.1% of the population in Hardwick, MA, and this percentage has decreased by 18.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.6% | -7.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 8.9% | 122.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.1% | -18.4% |
Mortgage and Risk — Hardwick, MA
According to HUD data as of 2023, there were 57 mortgage originations in Hardwick, MA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Hardwick, MA. Investor activity is low, as 0.0% of loans were by investors. 26.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 26.0% |
Loan Activity
Rentals and Section 8 — Hardwick, MA
Hardwick, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,210 |
| 2 Bedroom | -$120 | $1,650 | $1,530 |
| 3 Bedroom | N/A | N/A | $2,140 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Hardwick, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $392,000 |
| Median Household Income | $58,100 |