Lunenburg, MA—01462
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lunenburg, MA
As of Oct '25, the median home price in Lunenburg, MA is $533,000, with a year-over-year change of 1.1%. This indicates that home prices in Lunenburg, 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 | $533,000 | 1.1% |
| Single Family | $548,000 | 0.6% |
| Condos | $391,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $389,000 | -3.5% |
2 Bed | $411,000 | 0.7% |
3 Bed | $525,000 | 1.4% |
4 Bed | $691,000 | 1.8% |
| 5 Bed | $733,000 | 1.0% |
% of Housing Stock
Rental Trends — Lunenburg, MA
As of July '25, Rentcast reports the average rent in Lunenburg, MA is $2,040, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Lunenburg, MA is 1-bedrooms: $1,920, 2-bedrooms: $2,080. The most common rental property sizes in Lunenburg, MA are 2-bedroom and 1-bedroom, accounting for 55.1% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,920 |
| 2 Bed Rent | $1,950 | $2,080 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lunenburg, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lunenburg, MA is 46. This is a increase of 34.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $707,000 | 27.0% |
Listing Count | 20 | -27.0% |
| Listings as % of Homes | 0.4% | -27.0% |
Days on Market | 46 | 34.0% |
Demographics — Lunenburg, MA
As of the latest ACS Survey released in 2023, Lunenburg, MA has a population of 11,800, which has increased by 4.9% over the past 5 years. Lunenburg, MA is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 44.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | 4.9% |
% Under 18 | 23.1% | 0.9% |
% Seniors | 16.7% | 3.7% |
% WFH | 12.4% | 82.4% |
% w/ College Degree | 44.8% | 28.4% |
As of the latest ACS Survey released in 2023, Lunenburg, MA is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Lunenburg, MA is hispanic, making up 6.7% of the population. Foreign-born residents account for 7.2% of the population in Lunenburg, MA, and this percentage has increased by 1.4% 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 | 84.3% | -4.1% |
% Black | 2.1% | -12.5% |
% Hispanic | 6.7% | 13.6% |
% Asian | 3.4% | 70.0% |
% Foreign Born | 7.2% | 1.4% |
Mortgage and Risk — Lunenburg, MA
According to HUD data as of 2023, there were 286 mortgage originations in Lunenburg, MA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Lunenburg, MA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 286 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Lunenburg, MA
Lunenburg, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 90 |
Total Units Section 8 | 90 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $790 | $1,350 | $2,140 |
| 2 Bedroom | $600 | $1,950 | $2,550 |
| 3 Bedroom | N/A | N/A | $3,250 |
| 4 Bedroom | N/A | N/A | $3,710 |
Affordability — Lunenburg, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $533,000 |
| Median Household Income | $110,000 |