Gloucester, MA—01930
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gloucester, MA
As of Oct '25, the median home price in Gloucester, MA is $753,000, with a year-over-year change of 4.2%. This indicates that home prices in Gloucester, MA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $753,000 | 4.2% |
| Single Family | $784,000 | 3.4% |
| Condos | $547,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $412,000 | 4.6% |
2 Bed | $606,000 | 4.5% |
3 Bed | $778,000 | 3.6% |
4 Bed | $1,026,000 | 4.7% |
| 5 Bed | $1,815,000 | 6.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Gloucester, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gloucester, MA is 59. This is a increase of 28.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,110,000 | -14.0% |
Listing Count | 59 | 26.0% |
| Listings as % of Homes | 0.2% | 26.0% |
Days on Market | 59 | 28.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Gloucester, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $753,000 |
| Median Household Income | $87,900 |