Billerica, MA—01821
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Billerica, MA
Home Price Trends — Billerica, MA
As of Oct '25, the median home price in Billerica, MA is $682,000, with a year-over-year change of 0.6%. This indicates that home prices in Billerica, MA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $682,000 | 0.6% |
| Single Family | $695,000 | 0.7% |
| Condos | $363,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $277,000 | -1.1% |
2 Bed | $513,000 | 0.6% |
3 Bed | $680,000 | 0.7% |
4 Bed | $769,000 | 0.5% |
| 5 Bed | $836,000 | 0.5% |
% of Housing Stock
Rental Trends — Billerica, MA
As of July '25, Rentcast reports the average rent in Billerica, MA is $3,100, with a year-over-year rent change of 9.9%. Per bedroom, the median rent as of July '25 in Billerica, MA is studios: $2,000, 1-bedrooms: $2,660, 2-bedrooms: $3,220, 3-bedrooms: $3,990, 4-bedrooms: $4,400. The most common rental property sizes in Billerica, MA are 2-bedroom and 1-bedroom, accounting for 54.4% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,050 | $3,100 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $2,630 | $2,660 |
| 2 Bed Rent | $3,190 | $3,220 |
| 3 Bed Rent | $3,500 | $3,990 |
| 4 Bed Rent | $3,820 | $4,400 |
% of Rental Stock
Property Listings — Billerica, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Billerica, MA is 35. This is a increase of 48.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $720,000 | -3.0% |
Listing Count | 32 | 23.0% |
| Listings as % of Homes | 0.2% | 23.0% |
Days on Market | 35 | 48.0% |
Demographics — Billerica, MA
As of the latest ACS Survey released in 2023, Billerica, MA has a population of 30,200, which has decreased by -8.5% over the past 5 years. Billerica, MA is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,200 | -8.5% |
% Under 18 | 17.4% | -12.1% |
% Seniors | 19.0% | 23.4% |
% WFH | 19.9% | 847.6% |
% w/ College Degree | 41.7% | 17.5% |
As of the latest ACS Survey released in 2023, Billerica, MA is a predominantly white area, with 79.8% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Billerica, MA is asian, making up 9.4% of the population. Foreign-born residents account for 15.0% of the population in Billerica, MA, and this percentage has increased by 25.0% 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 | 79.8% | -5.8% |
% Black | 3.5% | 34.6% |
% Hispanic | 3.7% | 23.3% |
% Asian | 9.4% | 17.5% |
% Foreign Born | 15.0% | 25.0% |
Mortgage and Risk — Billerica, MA
According to HUD data as of 2023, there were 412 mortgage originations in Billerica, MA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Billerica, MA. Investor activity is low, as 1.0% 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 | 412 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Billerica, MA
As of 2024, the percent of homes in Billerica, MA under the Section 8 program is 6.5%. 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 Billerica, 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 | 175 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 92.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$490 | $2,630 | $2,140 |
| 2 Bedroom | -$420 | $3,190 | $2,770 |
| 3 Bedroom | -$160 | $3,500 | $3,340 |
| 4 Bedroom | -$150 | $3,820 | $3,670 |
Affordability — Billerica, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $682,000 |
| Median Household Income | $143,000 |