Gloucester, MA 01930 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gloucester, MA—01930

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$744,000

3.9% YoY Growth

Household Income

$87,900

34.4% YoY Growth

Days on Market

29.0% Longer YoY

Home Price Forecast

1.7%

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 — Gloucester, MA

As of Dec '25, the median home price in Gloucester, MA is $744,000, with a year-over-year change of 3.9%. This indicates that home prices in Gloucester, MA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$744,000	3.9%
Single Family	$774,000	3.3%
Condos	$540,000	5.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average 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 Dec '25, Realtor.com reports that the median days on market for a home in Gloucester, MA is 64. This is a increase of 34.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$834,000	10.0%
Listing Count	28	8.0%
Listings as % of Homes	0.2%	8.0%
Days on Market	92	29.0%

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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.

Metric	Latest Census	YoY % 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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

Gloucester, MA—01930

Key Metrics at a Glance

Home Price Trends — Gloucester, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gloucester, MA

% of Rental Stock

Property Listings — Gloucester, MA

Demographics — Gloucester, MA

Race and Ethnicity

Mortgage and Risk — Gloucester, MA

Mortgages

Rentals and Section 8 — Gloucester, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Gloucester, MA

Home Price to Income Ratio

Gloucester, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Rockport, MA

Essex, MA

Manchester, MA

Prides Crossing

Ipswich, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.1
Median Home Price	$744,000
Median Household Income	$87,900

Gloucester, MA—01930

Key Metrics at a Glance

Home Price Trends — Gloucester, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gloucester, MA

% of Rental Stock

Property Listings — Gloucester, MA

Demographics — Gloucester, MA

Race and Ethnicity

Mortgage and Risk — Gloucester, MA

Mortgages

Rentals and Section 8 — Gloucester, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Gloucester, MA

Home Price to Income Ratio

Gloucester, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Rockport, MA

Essex, MA

Manchester, MA

Prides Crossing

Ipswich, MA

Frequently Asked Questions

What is the average home price in Gloucester, MA 01930?

How have home prices in Gloucester, MA 01930 changed over the past year?

What is the home price projection for Gloucester, MA 01930?

What are the demographics of Gloucester, MA 01930?

How long does it take homes to sell in Gloucester, MA 01930?

What is the average rent price in Gloucester, MA 01930?