Wenham, MA—01984
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wenham, MA
As of Oct '25, the median home price in Wenham, MA is $1,028,000, with a year-over-year change of 4.6%. This indicates that home prices in Wenham, 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 | $1,028,000 | 4.6% |
| Single Family | $1,031,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $684,000 | 5.6% |
3 Bed | $889,000 | 2.9% |
4 Bed | $1,171,000 | 5.5% |
| 5 Bed | $1,624,000 | 7.0% |
% of Housing Stock
Rental Trends — Wenham, MA
As of July '25, Rentcast reports the average rent in Wenham, MA is $3,750, with a year-over-year rent change of 37.9%. Per bedroom, the median rent as of July '25 in Wenham, MA is 2-bedrooms: $4,000, 4-bedrooms: $3,500. The most common rental property sizes in Wenham, MA are 1-bedroom and 2-bedroom, accounting for 53.4% and 18.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $4,000 | $4,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Wenham, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Wenham, MA is 28. This is a decrease of -56.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,520,000 | 7.0% |
Listing Count | 12 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 28 | -56.0% |
Demographics — Wenham, MA
As of the latest ACS Survey released in 2023, Wenham, MA has a population of 4,930, which has decreased by -5.3% over the past 5 years. Wenham, MA is a moderately popular place for families, as children make up 17.7% of the population. The area has a highly educated workforce, with 69.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,930 | -5.3% |
% Under 18 | 17.7% | 5.4% |
% Seniors | 14.2% | -9.6% |
% WFH | 25.7% | 42.8% |
% w/ College Degree | 69.9% | 4.0% |
As of the latest ACS Survey released in 2023, Wenham, MA is a predominantly white area, with 88.7% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Wenham, MA is hispanic, making up 5.3% of the population. Foreign-born residents account for 5.6% of the population in Wenham, MA, and this percentage has decreased by 20.0% 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 | 88.7% | 0.6% |
% Black | 2.0% | -4.8% |
% Hispanic | 5.3% | 1.9% |
% Asian | 2.2% | -40.5% |
% Foreign Born | 5.6% | -20.0% |
Mortgage and Risk — Wenham, MA
According to HUD data as of 2023, there were 80 mortgage originations in Wenham, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 40.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Wenham, MA. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 80 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Wenham, MA
Wenham, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,140 |
| 2 Bedroom | -$1,450 | $4,000 | $2,550 |
| 3 Bedroom | N/A | N/A | $3,080 |
| 4 Bedroom | -$110 | $3,500 | $3,390 |
Affordability — Wenham, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $1,028,000 |
| Median Household Income | $188,000 |