Shrewsbury, MA—01545
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shrewsbury, MA
As of Oct '25, the median home price in Shrewsbury, MA is $685,000, with a year-over-year change of 2.4%. This indicates that home prices in Shrewsbury, 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 | $685,000 | 2.4% |
| Single Family | $727,000 | 2.4% |
| Condos | $465,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $267,000 | 2.7% |
2 Bed | $501,000 | 2.7% |
3 Bed | $617,000 | 2.2% |
4 Bed | $909,000 | 2.8% |
| 5 Bed | $1,059,000 | 3.1% |
% of Housing Stock
Rental Trends — Shrewsbury, MA
As of July '25, Rentcast reports the average rent in Shrewsbury, MA is $2,530, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Shrewsbury, MA is studios: $1,950, 1-bedrooms: $2,200, 2-bedrooms: $2,700, 3-bedrooms: $3,480, 4-bedrooms: $4,530. The most common rental property sizes in Shrewsbury, MA are 2-bedroom and 1-bedroom, accounting for 39.2% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,380 | $2,530 |
| Studio Rent | $1,920 | $1,950 |
| 1 Bed Rent | $2,150 | $2,200 |
| 2 Bed Rent | $2,700 | $2,700 |
| 3 Bed Rent | $3,500 | $3,480 |
| 4 Bed Rent | $3,800 | $4,530 |
% of Rental Stock
Property Listings — Shrewsbury, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Shrewsbury, MA is 27. This is a increase of 10.0% 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 | $799,000 | 5.0% |
Listing Count | 66 | 5.0% |
| Listings as % of Homes | 0.1% | 5.0% |
Days on Market | 27 | 10.0% |
Demographics — Shrewsbury, MA
As of the latest ACS Survey released in 2023, Shrewsbury, MA has a population of 38,400, which has increased by 4.8% over the past 5 years. Shrewsbury, MA is a moderately popular place for families, as children make up 22.7% of the population. The area has a highly educated workforce, with 65.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,400 | 4.8% |
% Under 18 | 22.7% | -5.0% |
% Seniors | 15.7% | -3.7% |
% WFH | 23.7% | 383.7% |
% w/ College Degree | 65.6% | 12.3% |
As of the latest ACS Survey released in 2023, Shrewsbury, MA is a predominantly white area, with 62.8% of the population identifying as white. The white population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in Shrewsbury, MA is asian, making up 23.6% of the population. Foreign-born residents account for 26.7% of the population in Shrewsbury, MA, and this percentage has increased by 15.1% 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 | 62.8% | -9.8% |
% Black | 3.1% | 0.0% |
% Hispanic | 4.7% | -9.6% |
% Asian | 23.6% | 26.2% |
% Foreign Born | 26.7% | 15.1% |
Mortgage and Risk — Shrewsbury, MA
According to HUD data as of 2023, there were 615 mortgage originations in Shrewsbury, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Shrewsbury, MA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 615 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Shrewsbury, MA
As of 2024, the percent of homes in Shrewsbury, MA under the Section 8 program is 2.0%. 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 Shrewsbury, 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 | 183 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $2,150 | $1,960 |
| 2 Bedroom | -$170 | $2,700 | $2,530 |
| 3 Bedroom | -$410 | $3,500 | $3,090 |
| 4 Bedroom | -$400 | $3,800 | $3,400 |
Affordability — Shrewsbury, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $685,000 |
| Median Household Income | $136,000 |