Leominster, MA—01453
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leominster, MA
As of Oct '25, the median home price in Leominster, MA is $459,000, with a year-over-year change of 2.9%. This indicates that home prices in Leominster, MA are increasing. 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 | $459,000 | 2.9% |
| Single Family | $486,000 | 2.7% |
| Condos | $308,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $225,000 | 3.7% |
2 Bed | $342,000 | 2.7% |
3 Bed | $481,000 | 2.8% |
4 Bed | $564,000 | 3.3% |
| 5 Bed | $634,000 | 3.4% |
% of Housing Stock
Rental Trends — Leominster, MA
As of July '25, Rentcast reports the average rent in Leominster, MA is $2,030, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Leominster, MA is 1-bedrooms: $1,580, 2-bedrooms: $2,020, 3-bedrooms: $2,400, 4-bedrooms: $2,800. The most common rental property sizes in Leominster, MA are 2-bedroom and 1-bedroom, accounting for 43.6% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,620 | $1,580 |
| 2 Bed Rent | $1,900 | $2,020 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Leominster, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Leominster, MA is 28. This is a increase of 15.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $482,000 | -8.0% |
Listing Count | 62 | 17.0% |
| Listings as % of Homes | 0.1% | 17.0% |
Days on Market | 28 | 15.0% |
Demographics — Leominster, MA
As of the latest ACS Survey released in 2023, Leominster, MA has a population of 43,600, which has increased by 4.9% over the past 5 years. Leominster, MA is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 32.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,600 | 4.9% |
% Under 18 | 20.3% | -6.5% |
% Seniors | 18.3% | 13.7% |
% WFH | 10.7% | 127.7% |
% w/ College Degree | 32.4% | 8.4% |
As of the latest ACS Survey released in 2023, Leominster, MA is a predominantly white area, with 68.2% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Leominster, MA is hispanic, making up 17.2% of the population. Foreign-born residents account for 15.3% of the population in Leominster, MA, and this percentage has increased by 4.1% 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 | 68.2% | -2.2% |
% Black | 5.4% | -6.9% |
% Hispanic | 17.2% | -9.0% |
% Asian | 3.0% | -6.2% |
% Foreign Born | 15.3% | 4.1% |
Mortgage and Risk — Leominster, MA
According to HUD data as of 2023, there were 741 mortgage originations in Leominster, MA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Leominster, MA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 741 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Leominster, MA
As of 2024, the percent of homes in Leominster, MA under the Section 8 program is 13.6%. 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. In Leominster, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 909 |
Total Units Section 8 | 909 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 94.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,620 | $1,390 |
| 2 Bedroom | -$160 | $1,900 | $1,740 |
| 3 Bedroom | $0 | $2,400 | $2,400 |
| 4 Bedroom | -$150 | $2,800 | $2,650 |
Affordability — Leominster, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $459,000 |
| Median Household Income | $82,100 |