Westminster, MA—01473
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westminster, MA
As of Oct '25, the median home price in Westminster, MA is $523,000, with a year-over-year change of 1.5%. This indicates that home prices in Westminster, 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 | $523,000 | 1.5% |
| Single Family | $531,000 | 1.1% |
| Condos | $303,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $321,000 | -0.9% |
2 Bed | $410,000 | -0.5% |
3 Bed | $522,000 | 1.2% |
4 Bed | $642,000 | 1.7% |
| 5 Bed | $665,000 | 1.1% |
% of Housing Stock
Rental Trends — Westminster, MA
As of July '25, Rentcast reports the average rent in Westminster, MA is $2,120, with a year-over-year rent change of -11.7%. Per bedroom, the median rent as of July '25 in Westminster, MA is 1-bedrooms: $1,780, 2-bedrooms: $2,000, 3-bedrooms: $2,380. The most common rental property sizes in Westminster, MA are 3-bedroom and 1-bedroom, accounting for 47.7% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,780 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $2,400 | $2,380 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Westminster, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Westminster, MA is 52. This is a increase of 57.0% 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 55.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $693,000 | 25.0% |
Listing Count | 29 | 58.0% |
| Listings as % of Homes | 0.5% | 58.0% |
Days on Market | 52 | 57.0% |
Demographics — Westminster, MA
As of the latest ACS Survey released in 2023, Westminster, MA has a population of 8,290, which has increased by 8.1% over the past 5 years. Westminster, MA is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,290 | 8.1% |
% Under 18 | 21.6% | -0.5% |
% Seniors | 24.2% | 42.4% |
% WFH | 12.8% | 190.9% |
% w/ College Degree | 41.1% | 2.0% |
As of the latest ACS Survey released in 2023, Westminster, MA is a predominantly white area, with 95.8% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Westminster, MA is hispanic, making up 2.2% of the population. Foreign-born residents account for 1.4% of the population in Westminster, MA, and this percentage has decreased by 51.7% 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 | 95.8% | 0.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.2% | -35.3% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 1.4% | -51.7% |
Mortgage and Risk — Westminster, MA
According to HUD data as of 2023, there were 195 mortgage originations in Westminster, MA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Westminster, MA. Investor activity is low, as 2.0% 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 | 195 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Westminster, MA
Westminster, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,350 | $1,780 |
| 2 Bedroom | $220 | $2,000 | $2,220 |
| 3 Bedroom | $490 | $2,400 | $2,890 |
| 4 Bedroom | N/A | N/A | $3,310 |
Affordability — Westminster, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $523,000 |
| Median Household Income | $101,000 |