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Chelsea, MA—02150

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$527,000
0.1% YoY Growth
Household Income
$72,100
35.2% YoY Growth
Days on Market
38
25.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$2,650
5.8% YoY Growth
1-Bed Rent
$2,550
1.9% YoY Growth
2-Bed Rent
$3,170
3.1% YoY Growth
3-Bed Rent
$3,250
3.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Chelsea, MA

As of May '26, the median home price in Chelsea, MA is $527,000, with a year-over-year change of -0.1%. This indicates that home prices in Chelsea, 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 TypeMedian Home ValueYoY % Change
All Homes
$527,000-0.1%
Single Family $660,0000.5%
Condos $456,000-2.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $386,000
    -2.8%
    2 Bed
    		$479,000-1.6%
    3 Bed
    		$621,0000.5%
    4 Bed
    		$688,0001.0%
    5 Bed $847,7430.2%
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    % of Housing Stock

    Studio
    10.2%
    1 Bedroom
    20.4%
    2 Bedrooms
    30.5%
    3 Bedrooms
    29.5%
    4 Bedrooms
    8.1%
    5+ Bedrooms
    1.4%

    Rental Trends — Chelsea, MA

    As of July '25, Rentcast reports the average rent in Chelsea, MA is $2,750, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Chelsea, MA is studios: $2,100, 1-bedrooms: $2,580, 2-bedrooms: $3,120, 3-bedrooms: $3,290, 4-bedrooms: $3,620. The most common rental property sizes in Chelsea, MA are 2-bedroom and 3-bedroom, accounting for 29.7% and 26.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,650$2,750
    Studio Rent $2,310$2,100
    1 Bed Rent $2,550$2,580
    2 Bed Rent $3,170$3,120
    3 Bed Rent $3,250$3,290
    4 Bed Rent $3,250$3,620
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    % of Rental Stock

    Studio
    13.0%
    1 Bedroom
    24.4%
    2 Bedrooms
    29.7%
    3 Bedrooms
    26.5%
    4 Bedrooms
    5.9%
    5+ Bedrooms
    0.4%

    Property Listings — Chelsea, MA

    As of May '26, Realtor.com reports that the median days on market for a home in Chelsea, MA is 38. This is a increase of 25.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$490,000-5.0%
    Listing Count
    		5636.0%
    Listings as % of Homes0.1%36.0%
    Days on Market
    		3825.0%
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    Demographics — Chelsea, MA

    As of the latest ACS Survey released in 2023, Chelsea, MA has a population of 39,400, which has remained stable by -1.0% over the past 5 years. Chelsea, MA is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		39,400-1.0%
    % Under 18
    		24.5%-5.4%
    % Seniors
    		11.2%25.8%
    % WFH
    		9.6%380.0%
    % w/ College Degree
    		22.0%25.7%
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    As of the latest ACS Survey released in 2023, Chelsea, MA is a predominantly hispanic area, with 65.0% of the population identifying as hispanic. The hispanic population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Chelsea, MA is white, making up 19.5% of the population. Foreign-born residents account for 45.2% of the population in Chelsea, MA, and this percentage has decreased by 0.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		19.5%-9.3%
    % Black
    		7.0%1.4%
    % Hispanic
    		65.0%-2.8%
    % Asian
    		2.9%-9.4%
    % Foreign Born
    		45.2%-0.9%
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    Mortgage and Risk — Chelsea, MA

    According to HUD data as of 2023, there were 220 mortgage originations in Chelsea, MA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Chelsea, 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

    MetricZip Code Average
    Total Loan Originations
    		220
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Chelsea, MA

    As of 2024, the percent of homes in Chelsea, MA under the Section 8 program is 15.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Chelsea, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,955
    Total Units Section 8
    		1,514
    % Rentals under Section 8
    		15.9%
    % Occupied Section 8
    		93.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$410$2,550$2,140
    2 Bedroom-$620$3,170$2,550
    3 Bedroom-$170$3,250$3,080
    4 Bedroom$140$3,250$3,390

    Affordability — Chelsea, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.7
    Median Home Price$527,000
    Median Household Income$72,100

    Chelsea, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    02149

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    Frequently Asked Questions