Ware, MA—01082
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ware, MA
As of Oct '25, the median home price in Ware, MA is $342,000, with a year-over-year change of 0.1%. This indicates that home prices in Ware, MA are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | 0.1% |
| Single Family | $344,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $306,000 | -1.3% |
3 Bed | $354,000 | -0.8% |
4 Bed | $367,000 | 0.3% |
| 5 Bed | $375,000 | 3.9% |
% of Housing Stock
Rental Trends — Ware, MA
As of July '25, Rentcast reports the average rent in Ware, MA is $1,440, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in Ware, MA is studios: $1,000, 2-bedrooms: $1,420, 3-bedrooms: $1,900. The most common rental property sizes in Ware, MA are 2-bedroom and 1-bedroom, accounting for 50.0% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,440 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ware, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ware, MA is 35. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 0.0% |
Listing Count | 22 | 51.0% |
| Listings as % of Homes | 0.3% | 51.0% |
Days on Market | 35 | -1.0% |
Demographics — Ware, MA
As of the latest ACS Survey released in 2023, Ware, MA has a population of 10,400, which has decreased by -1.6% over the past 5 years. Ware, MA is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | -1.6% |
% Under 18 | 18.9% | -8.7% |
% Seniors | 19.9% | 1.0% |
% WFH | 6.5% | 150.0% |
% w/ College Degree | 26.3% | 16.4% |
As of the latest ACS Survey released in 2023, Ware, MA is a predominantly white area, with 90.2% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Ware, MA is hispanic, making up 5.4% of the population. Foreign-born residents account for 3.4% of the population in Ware, MA, and this percentage has decreased by 17.1% 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 | 90.2% | 0.7% |
% Black | 2.6% | 188.9% |
% Hispanic | 5.4% | -12.9% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 3.4% | -17.1% |
Mortgage and Risk — Ware, MA
According to HUD data as of 2023, there were 156 mortgage originations in Ware, MA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Ware, MA. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 156 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Ware, MA
Ware, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 253 |
Total Units Section 8 | 236 |
% Rentals under Section 8 | 20.4% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,170 |
| 2 Bedroom | $100 | $1,400 | $1,500 |
| 3 Bedroom | -$90 | $1,900 | $1,810 |
| 4 Bedroom | N/A | N/A | $2,090 |
Affordability — Ware, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $342,000 |
| Median Household Income | $71,000 |