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Gloucester, MA—01930

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$783,000
2.2% YoY Growth
Household Income
$87,900
34.4% YoY Growth
Days on Market
34
67.0% Longer YoY
Home Price Forecast
0.4%
Median Rent
$2,800
8.6% YoY Growth
1-Bed Rent
$2,000
3.4% YoY Growth
2-Bed Rent
$2,460
17.6% YoY Growth
3-Bed Rent
$3,000
9.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Gloucester, MA

As of May '26, the median home price in Gloucester, MA is $783,000, with a year-over-year change of 2.2%. This indicates that home prices in Gloucester, MA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$783,0002.2%
Single Family $816,0001.9%
Condos $555,0002.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $419,000
    2.2%
    2 Bed
    		$625,0002.3%
    3 Bed
    		$808,0001.4%
    4 Bed
    		$1,074,0002.4%
    5 Bed $1,887,1775.6%
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    % of Housing Stock

    Studio
    3.5%
    1 Bedroom
    15.5%
    2 Bedrooms
    32.3%
    3 Bedrooms
    32.1%
    4 Bedrooms
    11.4%
    5+ Bedrooms
    5.2%

    Rental Trends — Gloucester, MA

    As of July '25, Rentcast reports the average rent in Gloucester, MA is $2,960, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Gloucester, MA is studios: $2,200, 1-bedrooms: $2,250, 2-bedrooms: $2,580, 3-bedrooms: $3,250, 4-bedrooms: $4,860. The most common rental property sizes in Gloucester, MA are 2-bedroom and 1-bedroom, accounting for 39.7% and 31.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,800$2,960
    Studio Rent $1,750$2,200
    1 Bed Rent $2,000$2,250
    2 Bed Rent $2,460$2,580
    3 Bed Rent $3,000$3,250
    4 Bed Rent $4,500$4,860
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    % of Rental Stock

    Studio
    10.6%
    1 Bedroom
    31.0%
    2 Bedrooms
    39.7%
    3 Bedrooms
    13.4%
    4 Bedrooms
    4.4%
    5+ Bedrooms
    0.8%

    Property Listings — Gloucester, MA

    As of May '26, Realtor.com reports that the median days on market for a home in Gloucester, MA is 34. This is a increase of 67.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$950,000-11.0%
    Listing Count
    		7943.0%
    Listings as % of Homes0.2%43.0%
    Days on Market
    		3467.0%
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    Demographics — Gloucester, MA

    As of the latest ACS Survey released in 2023, Gloucester, MA has a population of 29,900, which has remained stable by -0.6% over the past 5 years. Gloucester, MA is a moderately popular place for families, as children make up 15.5% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		29,900-0.6%
    % Under 18
    		15.5%-7.7%
    % Seniors
    		25.5%13.8%
    % WFH
    		10.7%87.7%
    % w/ College Degree
    		38.8%-1.0%
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    As of the latest ACS Survey released in 2023, Gloucester, MA is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Gloucester, MA is hispanic, making up 4.8% of the population. Foreign-born residents account for 9.7% of the population in Gloucester, MA, and this percentage has increased by 4.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.1%-4.3%
    % Black
    		1.2%-25.0%
    % Hispanic
    		4.8%108.7%
    % Asian
    		1.6%-5.9%
    % Foreign Born
    		9.7%4.3%
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    Mortgage and Risk — Gloucester, MA

    According to HUD data as of 2023, there were 385 mortgage originations in Gloucester, MA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Gloucester, MA. Investor activity is low, as 9.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		385
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		9.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Gloucester, MA

    As of 2024, the percent of homes in Gloucester, MA under the Section 8 program is 13.5%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Gloucester, MA, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		786
    Total Units Section 8
    		641
    % Rentals under Section 8
    		13.5%
    % Occupied Section 8
    		96.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$140$2,000$2,140
    2 Bedroom$90$2,460$2,550
    3 Bedroom$80$3,000$3,080
    4 Bedroom-$1,110$4,500$3,390

    Affordability — Gloucester, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.3
    Median Home Price$783,000
    Median Household Income$87,900

    Gloucester, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Rockport, MA

    01966

    Essex, MA

    01929

    Manchester, MA

    01944

    Prides Crossing

    01965

    Ipswich, MA

    01938

    Frequently Asked Questions