Methuen, MA—01844
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Methuen, MA
As of Oct '25, the median home price in Methuen, MA is $608,000, with a year-over-year change of 3.5%. This indicates that home prices in Methuen, MA are increasing. 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 | $608,000 | 3.5% |
| Single Family | $621,000 | 3.0% |
| Condos | $434,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $295,000 | 2.8% |
2 Bed | $470,000 | 3.3% |
3 Bed | $608,000 | 3.1% |
4 Bed | $708,000 | 3.1% |
| 5 Bed | $739,000 | 3.1% |
% of Housing Stock
Rental Trends — Methuen, MA
As of July '25, Rentcast reports the average rent in Methuen, MA is $2,510, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Methuen, MA is studios: $2,980, 1-bedrooms: $2,160, 2-bedrooms: $2,550, 3-bedrooms: $3,140, 4-bedrooms: $3,400. The most common rental property sizes in Methuen, MA are 2-bedroom and 1-bedroom, accounting for 38.2% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,380 | $2,510 |
| Studio Rent | $1,450 | $2,980 |
| 1 Bed Rent | $2,300 | $2,160 |
| 2 Bed Rent | $2,500 | $2,550 |
| 3 Bed Rent | $2,900 | $3,140 |
| 4 Bed Rent | $3,400 | $3,400 |
% of Rental Stock
Property Listings — Methuen, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Methuen, MA is 22. This is a increase of 7.0% 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 | $612,000 | -3.0% |
Listing Count | 67 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 22 | 7.0% |
Demographics — Methuen, MA
As of the latest ACS Survey released in 2023, Methuen, MA has a population of 53,000, which has increased by 6.0% over the past 5 years. Methuen, MA is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,000 | 6.0% |
% Under 18 | 21.1% | -1.4% |
% Seniors | 17.0% | 12.6% |
% WFH | 10.8% | 227.3% |
% w/ College Degree | 30.5% | 6.6% |
As of the latest ACS Survey released in 2023, Methuen, MA is a predominantly white area, with 55.5% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Methuen, MA is hispanic, making up 32.8% of the population. Foreign-born residents account for 24.0% of the population in Methuen, MA, and this percentage has increased by 21.8% 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 | 55.5% | -11.3% |
% Black | 5.5% | 41.0% |
% Hispanic | 32.8% | 13.1% |
% Asian | 3.7% | -2.6% |
% Foreign Born | 24.0% | 21.8% |
Mortgage and Risk — Methuen, MA
According to HUD data as of 2023, there were 841 mortgage originations in Methuen, MA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Methuen, MA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 841 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Methuen, MA
As of 2024, the percent of homes in Methuen, MA under the Section 8 program is 13.3%. 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 Methuen, 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 | 799 |
Total Units Section 8 | 678 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 98.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$790 | $2,300 | $1,510 |
| 2 Bedroom | -$520 | $2,500 | $1,980 |
| 3 Bedroom | -$510 | $2,900 | $2,390 |
| 4 Bedroom | -$770 | $3,400 | $2,630 |
Affordability — Methuen, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $608,000 |
| Median Household Income | $103,000 |