Marblehead, MA—01945
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marblehead, MA
As of Oct '25, the median home price in Marblehead, MA is $1,016,000, with a year-over-year change of 1.9%. This indicates that home prices in Marblehead, 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 | $1,016,000 | 1.9% |
| Single Family | $1,077,000 | 2.5% |
| Condos | $595,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $437,000 | 2.3% |
2 Bed | $719,000 | 1.7% |
3 Bed | $957,000 | 1.9% |
4 Bed | $1,281,000 | 3.6% |
| 5 Bed | $1,851,000 | 5.1% |
% of Housing Stock
Rental Trends — Marblehead, MA
As of July '25, Rentcast reports the average rent in Marblehead, MA is $3,680, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Marblehead, MA is studios: $1,600, 1-bedrooms: $2,120, 2-bedrooms: $3,020, 3-bedrooms: $4,290, 4-bedrooms: $5,670. The most common rental property sizes in Marblehead, MA are 1-bedroom and 2-bedroom, accounting for 33.2% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,680 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $1,980 | $2,120 |
| 2 Bed Rent | $3,000 | $3,020 |
| 3 Bed Rent | $3,980 | $4,290 |
| 4 Bed Rent | $5,900 | $5,670 |
% of Rental Stock
Property Listings — Marblehead, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Marblehead, MA is 34. This is a decrease of -38.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $840,000 | -33.0% |
Listing Count | 48 | 39.0% |
| Listings as % of Homes | 0.2% | 39.0% |
Days on Market | 34 | -38.0% |
Demographics — Marblehead, MA
As of the latest ACS Survey released in 2023, Marblehead, MA has a population of 20,400, which has remained stable by -0.5% over the past 5 years. Marblehead, MA is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 76.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,400 | -0.5% |
% Under 18 | 21.9% | -6.8% |
% Seniors | 22.8% | 1.8% |
% WFH | 29.9% | 187.5% |
% w/ College Degree | 76.8% | 8.8% |
As of the latest ACS Survey released in 2023, Marblehead, MA is a predominantly white area, with 93.4% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Marblehead, MA is hispanic, making up 2.6% of the population. Foreign-born residents account for 6.6% of the population in Marblehead, MA, and this percentage has decreased by 40.5% 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 | 93.4% | 2.0% |
% Black | 0.7% | -53.3% |
% Hispanic | 2.6% | -43.5% |
% Asian | 1.1% | -26.7% |
% Foreign Born | 6.6% | -40.5% |
Mortgage and Risk — Marblehead, MA
According to HUD data as of 2023, there were 396 mortgage originations in Marblehead, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Marblehead, MA. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 396 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 6.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Marblehead, MA
As of 2024, the percent of homes in Marblehead, MA under the Section 8 program is 2.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Marblehead, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 35 |
Total Units Section 8 | 35 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,980 | $2,140 |
| 2 Bedroom | -$450 | $3,000 | $2,550 |
| 3 Bedroom | -$900 | $3,980 | $3,080 |
| 4 Bedroom | -$2,510 | $5,900 | $3,390 |
Affordability — Marblehead, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $1,016,000 |
| Median Household Income | $164,000 |