Harvard, MA—01451
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harvard, MA
As of Oct '25, the median home price in Harvard, MA is $919,000, with a year-over-year change of -0.4%. This indicates that home prices in Harvard, MA are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $919,000 | -0.4% |
| Single Family | $950,000 | -0.6% |
| Condos | $632,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $644,000 | 2.5% |
3 Bed | $826,000 | -1.0% |
4 Bed | $1,043,000 | 0.0% |
| 5 Bed | $1,336,000 | -0.6% |
% of Housing Stock
Rental Trends — Harvard, MA
As of July '25, Rentcast reports the average rent in Harvard, MA is $3,200, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Harvard, MA is 1-bedrooms: $1,300, 2-bedrooms: $3,500, 3-bedrooms: $3,200, 4-bedrooms: $4,800. The most common rental property sizes in Harvard, MA are 2-bedroom and 1-bedroom, accounting for 53.4% and 14.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $3,500 | $3,500 |
| 3 Bed Rent | $3,200 | $3,200 |
| 4 Bed Rent | $4,800 | $4,800 |
% of Rental Stock
Property Listings — Harvard, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Harvard, MA is 64. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $945,000 | -6.0% |
Listing Count | 21 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 64 | 30.0% |
Demographics — Harvard, MA
As of the latest ACS Survey released in 2023, Harvard, MA has a population of 5,360, which has increased by 15.9% over the past 5 years. Harvard, MA is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 78.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 40.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,360 | 15.9% |
% Under 18 | 25.9% | -1.9% |
% Seniors | 14.3% | -14.4% |
% WFH | 40.0% | 185.7% |
% w/ College Degree | 78.2% | -0.1% |
As of the latest ACS Survey released in 2023, Harvard, MA is a predominantly white area, with 85.3% 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 Harvard, MA is hispanic, making up 7.8% of the population. Foreign-born residents account for 7.5% of the population in Harvard, MA, and this percentage has decreased by 23.5% 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 | 85.3% | -4.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 7.8% | 143.8% |
% Asian | 4.7% | 42.4% |
% Foreign Born | 7.5% | -23.5% |
Mortgage and Risk — Harvard, MA
According to HUD data as of 2023, there were 100 mortgage originations in Harvard, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Harvard, MA. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Harvard, MA
As of 2024, the percent of homes in Harvard, MA under the Section 8 program is 6.1%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Harvard, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $840 | $1,300 | $2,140 |
| 2 Bedroom | -$950 | $3,500 | $2,550 |
| 3 Bedroom | -$120 | $3,200 | $3,080 |
| 4 Bedroom | -$1,410 | $4,800 | $3,390 |
Affordability — Harvard, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $919,000 |
| Median Household Income | $207,000 |