Leicester, MA—01611
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leicester, MA
As of Oct '25, the median home price in Leicester, MA is $413,000, with a year-over-year change of 2.2%. This indicates that home prices in Leicester, 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 | $413,000 | 2.2% |
| Single Family | $413,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $372,000 | 0.3% |
3 Bed | $414,000 | 2.0% |
4 Bed | $469,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Leicester, MA
As of July '25, Rentcast reports the average rent in Leicester, MA is $1,800, with a year-over-year rent change of -9.1%. Per bedroom, the median rent as of July '25 in Leicester, MA is 2-bedrooms: $1,800. The most common rental property sizes in Leicester, MA are 2-bedroom and 1-bedroom, accounting for 46.4% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Leicester, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Leicester, MA is 28. This is a decrease of -58.0% 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 133.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 8.0% |
Listing Count | 3 | 125.0% |
| Listings as % of Homes | 0.2% | 125.0% |
Days on Market | 28 | -58.0% |
Demographics — Leicester, MA
As of the latest ACS Survey released in 2023, Leicester, MA has a population of 2,400, which has increased by 7.1% over the past 5 years. Leicester, MA is a moderately popular place for families, as children make up 15.3% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,400 | 7.1% |
% Under 18 | 15.3% | -22.7% |
% Seniors | 9.4% | -21.7% |
% WFH | 8.1% | 68.8% |
% w/ College Degree | 27.6% | 0.4% |
As of the latest ACS Survey released in 2023, Leicester, MA is a predominantly white area, with 81.5% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Leicester, MA is hispanic, making up 5.9% of the population. Foreign-born residents account for 11.6% of the population in Leicester, MA, and this percentage has increased by 87.1% 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 | 81.5% | -1.5% |
% Black | 1.7% | -71.2% |
% Hispanic | 5.9% | -33.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 11.6% | 87.1% |
Mortgage and Risk — Leicester, MA
According to HUD data as of 2023, there were 100 mortgage originations in Leicester, MA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Leicester, MA. Investor activity is low, as 3.0% 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 | 100 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Leicester, MA
Leicester, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,170 |
| 2 Bedroom | -$300 | $1,800 | $1,500 |
| 3 Bedroom | N/A | N/A | $1,810 |
| 4 Bedroom | N/A | N/A | $2,000 |
Affordability — Leicester, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $413,000 |
| Median Household Income | $118,000 |