Billerica, MA—01862
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 $713,000, with a year-over-year change of 0.7%. 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 | $713,000 | 0.7% |
| Single Family | $745,000 | 0.9% |
| Condos | $640,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $599,000 | 1.4% |
3 Bed | $702,000 | 1.2% |
4 Bed | $931,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Billerica, MA
As of July '25, Rentcast reports the average rent in Billerica, MA is $3,240, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Billerica, MA is 1-bedrooms: $2,670, 2-bedrooms: $2,980, 3-bedrooms: $3,510. The most common rental property sizes in Billerica, MA are 2-bedroom and 1-bedroom, accounting for 50.7% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,180 | $3,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,620 | $2,670 |
| 2 Bed Rent | $2,950 | $2,980 |
| 3 Bed Rent | $3,250 | $3,510 |
| 4 Bed Rent | N/A | N/A |
% 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 56. This is a increase of 93.0% 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 | $759,000 | -13.0% |
Listing Count | 19 | 116.0% |
| Listings as % of Homes | 0.2% | 116.0% |
Days on Market | 56 | 93.0% |
Demographics — Billerica, MA
As of the latest ACS Survey released in 2023, Billerica, MA has a population of 11,700, which has increased by 14.5% over the past 5 years. Billerica, MA is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | 14.5% |
% Under 18 | 19.8% | 27.7% |
% Seniors | 15.3% | 3.4% |
% WFH | 14.4% | 234.9% |
% w/ College Degree | 38.5% | 28.8% |
As of the latest ACS Survey released in 2023, Billerica, MA is a predominantly white area, with 70.2% of the population identifying as white. The white population has shrunk by 13.5% in the last 5 years. The second most common race or ethnicity in Billerica, MA is hispanic, making up 9.2% of the population. Foreign-born residents account for 14.7% of the population in Billerica, MA, and this percentage has increased by 28.9% 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 | 70.2% | -13.5% |
% Black | 7.8% | 41.8% |
% Hispanic | 9.2% | 26.0% |
% Asian | 5.8% | 52.6% |
% Foreign Born | 14.7% | 28.9% |
Mortgage and Risk — Billerica, MA
According to HUD data as of 2023, there were 188 mortgage originations in Billerica, MA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Billerica, MA. Investor activity is low, as 2.0% 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 | 188 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Billerica, MA
Billerica, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$750 | $2,620 | $1,870 |
| 2 Bedroom | -$500 | $2,950 | $2,450 |
| 3 Bedroom | -$300 | $3,250 | $2,950 |
| 4 Bedroom | N/A | N/A | $3,250 |
Affordability — Billerica, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $713,000 |
| Median Household Income | $131,000 |