Somerville, MA—02143

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$957,000

0.7% YoY Growth

Household Income

$126,000

32.0% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

0.2%

Median Rent

$3,400

2.0% YoY Growth

1-Bed Rent

$2,600

1.1% YoY Growth

2-Bed Rent

$3,400

2.0% YoY Growth

3-Bed Rent

$3,800

0.0% YoY Growth

Other Zip Codes in Somerville, MA

02144 02145

Home Price Trends — Somerville, MA

As of May '26, the median home price in Somerville, MA is $957,000, with a year-over-year change of 0.7%. This indicates that home prices in Somerville, MA are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$957,000	0.7%
Single Family	$1,255,000	0.2%
Condos	$838,000	0.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Type	Median Rent	Average Rent
Average Rent	$3,400	$3,470
Studio Rent	$2,400	$2,430
1 Bed Rent	$2,600	$2,620
2 Bed Rent	$3,400	$3,500
3 Bed Rent	$3,800	$3,860
4 Bed Rent	$4,480	$4,620

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$899,000	-6.0%
Listing Count	80	42.0%
Listings as % of Homes	0.2%	42.0%
Days on Market	31	-14.0%

Metric	Latest Census	YoY % Change
Population	25,200	-3.8%
% Under 18	8.6%	-13.1%
% Seniors	9.4%	6.8%
% WFH	32.6%	462.1%
% w/ College Degree	74.5%	2.1%

Metric	Latest Census	5-Year % Change
% White	69.5%	-0.1%
% Black	4.4%	0.0%
% Hispanic	8.2%	-8.9%
% Asian	11.3%	-4.2%
% Foreign Born	23.8%	1.3%

Metric	Zip Code Average
Total Loan Originations	241
% Conventional Loans	99.0%
% Government Loans	1.0%
% Investor Loans	6.0%
% Second Loans	0.0%
% Cash Out Refinance	3.0%

Somerville, MA—02143

Key Metrics at a Glance

Other Zip Codes in Somerville, MA

Home Price Trends — Somerville, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Somerville, MA

% of Rental Stock

Property Listings — Somerville, MA

Demographics — Somerville, MA

Race and Ethnicity

Mortgage and Risk — Somerville, MA

Mortgages

Rentals and Section 8 — Somerville, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Somerville, MA

Home Price to Income Ratio

Somerville, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Somerville, MA

Cambridge, MA

Cambridge, MA

Cambridge, MA

Allston, MA

Frequently Asked Questions

Total Units under HUD	841
Total Units Section 8	597
% Rentals under Section 8	7.2%
% Occupied Section 8	94.7%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$130	$2,600	$2,730
2 Bedroom	-$160	$3,400	$3,240
3 Bedroom	$100	$3,800	$3,900
4 Bedroom	-$180	$4,480	$4,300

Metric	Zip Code Average
Home Price to Income Ratio	7
Median Home Price	$957,000
Median Household Income	$126,000

Somerville, MA—02143

Key Metrics at a Glance

Other Zip Codes in Somerville, MA

Home Price Trends — Somerville, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Somerville, MA

% of Rental Stock

Property Listings — Somerville, MA

Demographics — Somerville, MA

Race and Ethnicity

Mortgage and Risk — Somerville, MA

Mortgages

Rentals and Section 8 — Somerville, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Somerville, MA

Home Price to Income Ratio

Somerville, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Somerville, MA

Cambridge, MA

Cambridge, MA

Cambridge, MA

Allston, MA

Frequently Asked Questions

What is the average home price in Somerville, MA 02143?

How have home prices in Somerville, MA 02143 changed over the past year?

What is the home price projection for Somerville, MA 02143?

What are the demographics of Somerville, MA 02143?

How long does it take homes to sell in Somerville, MA 02143?

What is the average rent price in Somerville, MA 02143?