Gardner, MA—01440
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gardner, MA
As of Oct '25, the median home price in Gardner, MA is $365,000, with a year-over-year change of 1.6%. This indicates that home prices in Gardner, MA are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 1.6% |
| Single Family | $375,000 | 1.4% |
| Condos | $213,000 | 7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | 12.6% |
2 Bed | $295,000 | 1.0% |
3 Bed | $384,000 | 1.6% |
4 Bed | $418,000 | 1.5% |
| 5 Bed | $442,000 | 2.6% |
% of Housing Stock
Rental Trends — Gardner, MA
As of July '25, Rentcast reports the average rent in Gardner, MA is $1,700, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Gardner, MA is 1-bedrooms: $1,320, 2-bedrooms: $1,620, 3-bedrooms: $2,210, 4-bedrooms: $1,850. The most common rental property sizes in Gardner, MA are 2-bedroom and 1-bedroom, accounting for 45.6% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,320 |
| 2 Bed Rent | $1,600 | $1,620 |
| 3 Bed Rent | $2,100 | $2,210 |
| 4 Bed Rent | $1,850 | $1,850 |
% of Rental Stock
Property Listings — Gardner, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gardner, MA is 19. This is a decrease of -4.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | 9.0% |
Listing Count | 21 | -22.0% |
| Listings as % of Homes | 0.2% | -22.0% |
Days on Market | 19 | -4.0% |
Demographics — Gardner, MA
As of the latest ACS Survey released in 2023, Gardner, MA has a population of 21,300, which has increased by 3.6% over the past 5 years. Gardner, MA is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,300 | 3.6% |
% Under 18 | 18.3% | -7.1% |
% Seniors | 19.2% | 25.5% |
% WFH | 12.1% | 181.4% |
% w/ College Degree | 22.7% | 19.5% |
As of the latest ACS Survey released in 2023, Gardner, MA is a predominantly white area, with 80.0% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Gardner, MA is hispanic, making up 9.3% of the population. Foreign-born residents account for 7.9% of the population in Gardner, MA, and this percentage has increased by 33.9% 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 | 80.0% | -4.6% |
% Black | 4.7% | 95.8% |
% Hispanic | 9.3% | 1.1% |
% Asian | 2.7% | 68.8% |
% Foreign Born | 7.9% | 33.9% |
Mortgage and Risk — Gardner, MA
According to HUD data as of 2023, there were 392 mortgage originations in Gardner, MA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Gardner, MA. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 392 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Gardner, MA
As of 2024, the percent of homes in Gardner, MA under the Section 8 program is 14.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Gardner, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 703 |
Total Units Section 8 | 548 |
% Rentals under Section 8 | 14.3% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,350 | $1,180 |
| 2 Bedroom | -$130 | $1,600 | $1,470 |
| 3 Bedroom | -$180 | $2,100 | $1,920 |
| 4 Bedroom | $340 | $1,850 | $2,190 |
Affordability — Gardner, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $365,000 |
| Median Household Income | $63,500 |