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Leicester, MA—01542

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$503,000
1.8% YoY Growth
Household Income
$108,000
0.1% YoY Growth
Days on Market
29
84.0% Shorter YoY
Home Price Forecast
0.7%
Median Rent
$1,460
N/A
1-Bed Rent
$1,460
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$3,000
N/A

Other Zip Codes in Leicester, MA

0161101524
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Leicester, MA

As of May '26, the median home price in Leicester, MA is $503,000, with a year-over-year change of 1.8%. This indicates that home prices in Leicester, MA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$503,0001.8%
Single Family $535,0002.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.3%
    2 Bedrooms
    22.0%
    3 Bedrooms
    46.4%
    4 Bedrooms
    27.1%
    5+ Bedrooms
    1.2%

    Rental Trends — Leicester, MA

    Leicester, MA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,460$2,230
    Studio Rent N/AN/A
    1 Bed Rent $1,460$1,460
    2 Bed Rent N/AN/A
    3 Bed Rent $3,000$3,000
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    86.3%
    3 Bedrooms
    1.5%
    4 Bedrooms
    12.2%

    Property Listings — Leicester, MA

    As of May '26, Realtor.com reports that the median days on market for a home in Leicester, MA is 29. This is a decrease of -84.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$500,000-15.0%
    Listing Count
    		567.0%
    Listings as % of HomesN/A67.0%
    Days on Market
    		29-84.0%
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    Demographics — Leicester, MA

    As of the latest ACS Survey released in 2023, Leicester, MA has a population of 2,570, which has increased by 11.1% over the past 5 years. Leicester, MA is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,57011.1%
    % Under 18
    		19.0%-11.2%
    % Seniors
    		31.1%108.7%
    % WFH
    		21.7%442.5%
    % w/ College Degree
    		28.4%16.4%
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    As of the latest ACS Survey released in 2023, Leicester, MA is a predominantly white area, with 85.1% of the population identifying as white. The white population has shrunk by 12.3% in the last 5 years. The second most common race or ethnicity in Leicester, MA is black, making up 5.7% of the population. Foreign-born residents account for 4.4% of the population in Leicester, MA, and this percentage has increased by 18.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		85.1%-12.3%
    % Black
    		5.7%159.1%
    % Hispanic
    		4.3%760.0%
    % Asian
    		0.0%N/A
    % Foreign Born
    		4.4%18.9%
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    Mortgage and Risk — Leicester, MA

    Leicester, MA lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — Leicester, MA

    Leicester, MA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		7
    Total Units Section 8
    		7
    % Rentals under Section 8
    		2.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$120$1,460$1,580
    2 BedroomN/AN/A$2,040
    3 Bedroom-$510$3,000$2,490
    4 BedroomN/AN/A$2,740

    Affordability — Leicester, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$503,000
    Median Household Income$108,000

    Leicester, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Oxford, MA

    01537

    Leicester, MA

    01524

    Leicester, MA

    01611

    Auburn, MA

    01501

    Worcester, MA

    01603

    Frequently Asked Questions