Lowell, MA—01850
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lowell, MA
As of Oct '25, the median home price in Lowell, MA is $443,000, with a year-over-year change of 0.2%. This indicates that home prices in Lowell, MA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $443,000 | 0.2% |
| Single Family | $477,000 | -0.2% |
| Condos | $291,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $322,000 | 0.6% |
3 Bed | $467,000 | -0.2% |
4 Bed | $513,000 | 0.0% |
| 5 Bed | $583,000 | -1.5% |
% of Housing Stock
Rental Trends — Lowell, MA
As of July '25, Rentcast reports the average rent in Lowell, MA is $2,220, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Lowell, MA is studios: $1,320, 1-bedrooms: $1,570, 2-bedrooms: $2,120, 3-bedrooms: $2,670, 4-bedrooms: $3,030. The most common rental property sizes in Lowell, MA are 2-bedroom and 3-bedroom, accounting for 46.8% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,220 |
| Studio Rent | $1,400 | $1,320 |
| 1 Bed Rent | $1,550 | $1,570 |
| 2 Bed Rent | $2,100 | $2,120 |
| 3 Bed Rent | $2,650 | $2,670 |
| 4 Bed Rent | $3,300 | $3,030 |
% of Rental Stock
Property Listings — Lowell, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lowell, MA is 32. This is a increase of 152.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 15.0% |
Listing Count | 14 | 42.0% |
| Listings as % of Homes | 0.1% | 42.0% |
Days on Market | 32 | 152.0% |
Demographics — Lowell, MA
As of the latest ACS Survey released in 2023, Lowell, MA has a population of 17,000, which has increased by 4.4% over the past 5 years. Lowell, MA is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,000 | 4.4% |
% Under 18 | 28.2% | 8.0% |
% Seniors | 10.7% | 37.2% |
% WFH | 6.3% | 8.6% |
% w/ College Degree | 18.5% | 25.9% |
As of the latest ACS Survey released in 2023, Lowell, MA is a predominantly white area, with 40.8% of the population identifying as white. The white population has shrunk by 21.4% in the last 5 years. The second most common race or ethnicity in Lowell, MA is hispanic, making up 29.8% of the population. Foreign-born residents account for 27.5% of the population in Lowell, MA, and this percentage has increased by 14.6% 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 | 40.8% | -21.4% |
% Black | 15.7% | 27.6% |
% Hispanic | 29.8% | 3.5% |
% Asian | 11.0% | 77.4% |
% Foreign Born | 27.5% | 14.6% |
Mortgage and Risk — Lowell, MA
According to HUD data as of 2023, there were 204 mortgage originations in Lowell, MA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lowell, MA. Investor activity is low, as 7.0% 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 | 204 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lowell, MA
As of 2024, the percent of homes in Lowell, MA under the Section 8 program is 17.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lowell, 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 | 555 |
Total Units Section 8 | 497 |
% Rentals under Section 8 | 17.6% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,550 | $1,520 |
| 2 Bedroom | -$100 | $2,100 | $2,000 |
| 3 Bedroom | -$240 | $2,650 | $2,410 |
| 4 Bedroom | -$650 | $3,300 | $2,650 |
Affordability — Lowell, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $443,000 |
| Median Household Income | $67,600 |