Chelmsford, MA—01824
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Chelmsford, MA
Home Price Trends — Chelmsford, MA
As of Oct '25, the median home price in Chelmsford, MA is $707,000, with a year-over-year change of 0.8%. This indicates that home prices in Chelmsford, MA are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $707,000 | 0.8% |
| Single Family | $733,000 | 0.7% |
| Condos | $435,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $458,000 | 2.2% |
3 Bed | $682,000 | 1.2% |
4 Bed | $825,000 | 0.5% |
| 5 Bed | $897,000 | 0.8% |
% of Housing Stock
Rental Trends — Chelmsford, MA
As of July '25, Rentcast reports the average rent in Chelmsford, MA is $2,700, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Chelmsford, MA is studios: $1,940, 1-bedrooms: $2,530, 2-bedrooms: $2,780, 3-bedrooms: $3,500, 4-bedrooms: $4,100. The most common rental property sizes in Chelmsford, MA are 2-bedroom and 1-bedroom, accounting for 58.1% and 17.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,670 | $2,700 |
| Studio Rent | $1,900 | $1,940 |
| 1 Bed Rent | $2,700 | $2,530 |
| 2 Bed Rent | $2,670 | $2,780 |
| 3 Bed Rent | $3,200 | $3,500 |
| 4 Bed Rent | $4,100 | $4,100 |
% of Rental Stock
Property Listings — Chelmsford, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Chelmsford, MA is 20. This is a increase of 69.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $734,000 | 5.0% |
Listing Count | 33 | -9.0% |
| Listings as % of Homes | 0.1% | -9.0% |
Days on Market | 20 | 69.0% |
Demographics — Chelmsford, MA
As of the latest ACS Survey released in 2023, Chelmsford, MA has a population of 26,600, which has increased by 2.6% over the past 5 years. Chelmsford, MA is a moderately popular place for families, as children make up 21.1% of the population. The area has a highly educated workforce, with 56.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,600 | 2.6% |
% Under 18 | 21.1% | 2.4% |
% Seniors | 18.2% | 3.4% |
% WFH | 24.0% | 352.8% |
% w/ College Degree | 56.9% | 4.0% |
As of the latest ACS Survey released in 2023, Chelmsford, MA is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Chelmsford, MA is asian, making up 9.1% of the population. Foreign-born residents account for 12.7% of the population in Chelmsford, MA, and this percentage has increased by 25.7% 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 | 78.8% | -8.1% |
% Black | 1.6% | 128.6% |
% Hispanic | 6.0% | 81.8% |
% Asian | 9.1% | 0.0% |
% Foreign Born | 12.7% | 25.7% |
Mortgage and Risk — Chelmsford, MA
According to HUD data as of 2023, there were 403 mortgage originations in Chelmsford, MA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Chelmsford, MA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 403 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Chelmsford, MA
As of 2024, the percent of homes in Chelmsford, MA under the Section 8 program is 9.6%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Chelmsford, MA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 168 |
Total Units Section 8 | 168 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$560 | $2,700 | $2,140 |
| 2 Bedroom | $130 | $2,670 | $2,800 |
| 3 Bedroom | $170 | $3,200 | $3,370 |
| 4 Bedroom | -$390 | $4,100 | $3,710 |
Affordability — Chelmsford, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $707,000 |
| Median Household Income | $141,000 |