Devens, MA—01434
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Devens, MA
As of Oct '25, the median home price in Devens, MA is $604,000, with a year-over-year change of 2.1%. This indicates that home prices in Devens, MA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $604,000 | 2.1% |
| Single Family | $706,000 | -0.6% |
| 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 | $587,000 | 1.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Devens, MA
Devens, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Devens, MA
Devens, MA lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.6% | N/A |
Days on Market | N/A | N/A |
Demographics — Devens, MA
As of the latest ACS Survey released in 2023, Devens, MA has a population of 1,890, which has remained stable by 0.7% over the past 5 years. Devens, MA is a less popular place for families, as children make up 10.4% of the population. The area has a moderately educated workforce, with 27.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,890 | 0.7% |
% Under 18 | 10.4% | -14.8% |
% Seniors | 11.5% | -18.4% |
% WFH | 10.4% | -16.8% |
% w/ College Degree | 27.0% | -12.1% |
As of the latest ACS Survey released in 2023, Devens, MA is a predominantly white area, with 52.7% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Devens, MA is black, making up 26.3% of the population. Foreign-born residents account for 17.7% of the population in Devens, MA, and this percentage has increased by 59.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.7% | -10.1% |
% Black | 26.3% | 52.9% |
% Hispanic | 13.1% | -10.9% |
% Asian | 8.3% | 27.7% |
% Foreign Born | 17.7% | 59.5% |
Mortgage and Risk — Devens, MA
According to HUD data as of 2023, there were 33 mortgage originations in Devens, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Devens, MA. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 33 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Devens, MA
Devens, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 28.6% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,140 |
| 2 Bedroom | N/A | N/A | $2,550 |
| 3 Bedroom | N/A | N/A | $3,080 |
| 4 Bedroom | N/A | N/A | $3,390 |
Affordability — Devens, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $604,000 |
| Median Household Income | $110,000 |