Lowell, MA—01854
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 $476,000, with a year-over-year change of 0.8%. This indicates that home prices in Lowell, 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 | $476,000 | 0.8% |
| Single Family | $541,000 | 0.6% |
| Condos | $313,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $253,000 | 0.0% |
2 Bed | $337,000 | 1.5% |
3 Bed | $543,000 | 0.7% |
4 Bed | $558,000 | 0.2% |
| 5 Bed | $617,000 | -0.8% |
% of Housing Stock
Rental Trends — Lowell, MA
As of July '25, Rentcast reports the average rent in Lowell, MA is $2,400, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Lowell, MA is studios: $1,580, 1-bedrooms: $1,860, 2-bedrooms: $2,440, 3-bedrooms: $2,580, 4-bedrooms: $2,650. The most common rental property sizes in Lowell, MA are 2-bedroom and 1-bedroom, accounting for 39.4% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,400 |
| Studio Rent | $1,550 | $1,580 |
| 1 Bed Rent | $1,920 | $1,860 |
| 2 Bed Rent | $2,400 | $2,440 |
| 3 Bed Rent | $2,550 | $2,580 |
| 4 Bed Rent | $2,800 | $2,650 |
% 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 38. This is a increase of 19.0% 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 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $460,000 | -2.0% |
Listing Count | 26 | 18.0% |
| Listings as % of Homes | 0.1% | 18.0% |
Days on Market | 38 | 19.0% |
Demographics — Lowell, MA
As of the latest ACS Survey released in 2023, Lowell, MA has a population of 28,800, which has decreased by -2.5% over the past 5 years. Lowell, MA is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 29.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,800 | -2.5% |
% Under 18 | 17.6% | -5.9% |
% Seniors | 13.1% | 29.7% |
% WFH | 7.9% | 259.1% |
% w/ College Degree | 29.6% | 48.0% |
As of the latest ACS Survey released in 2023, Lowell, MA is a predominantly white area, with 49.6% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Lowell, MA is hispanic, making up 21.6% of the population. Foreign-born residents account for 21.5% of the population in Lowell, MA, and this percentage has decreased by 15.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.6% | 1.4% |
% Black | 12.0% | 81.8% |
% Hispanic | 21.6% | 7.5% |
% Asian | 13.3% | -43.9% |
% Foreign Born | 21.5% | -15.4% |
Mortgage and Risk — Lowell, MA
According to HUD data as of 2023, there were 197 mortgage originations in Lowell, MA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Lowell, MA. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 197 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lowell, MA
As of 2024, the percent of homes in Lowell, MA under the Section 8 program is 19.0%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lowell, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,163 |
Total Units Section 8 | 1,277 |
% Rentals under Section 8 | 19.0% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,920 | $1,620 |
| 2 Bedroom | -$280 | $2,400 | $2,120 |
| 3 Bedroom | $0 | $2,550 | $2,550 |
| 4 Bedroom | $10 | $2,800 | $2,810 |
Affordability — Lowell, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $476,000 |
| Median Household Income | $70,400 |