Hanson, MA—02341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hanson, MA
As of Oct '25, the median home price in Hanson, MA is $591,000, with a year-over-year change of 3.0%. This indicates that home prices in Hanson, MA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $591,000 | 3.0% |
| Single Family | $596,000 | 3.1% |
| Condos | $553,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $485,000 | 3.2% |
3 Bed | $583,000 | 3.2% |
4 Bed | $703,000 | 3.7% |
| 5 Bed | $826,000 | 3.6% |
% of Housing Stock
Rental Trends — Hanson, MA
As of July '25, Rentcast reports the average rent in Hanson, MA is $3,650, with a year-over-year rent change of 69.0%. Per bedroom, the median rent as of July '25 in Hanson, MA is 3-bedrooms: $3,650. The most common rental property sizes in Hanson, MA are 2-bedroom and 1-bedroom, accounting for 58.6% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,000 | $3,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hanson, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hanson, MA is 43. This is a increase of 73.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $726,000 | 10.0% |
Listing Count | 18 | -11.0% |
| Listings as % of Homes | 0.2% | -11.0% |
Days on Market | 43 | 73.0% |
Demographics — Hanson, MA
As of the latest ACS Survey released in 2023, Hanson, MA has a population of 10,500, which has decreased by -1.9% over the past 5 years. Hanson, MA is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | -1.9% |
% Under 18 | 21.7% | 16.7% |
% Seniors | 19.7% | 22.4% |
% WFH | 6.9% | 27.8% |
% w/ College Degree | 39.0% | 21.1% |
As of the latest ACS Survey released in 2023, Hanson, MA is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Hanson, MA is asian, making up 3.4% of the population. Foreign-born residents account for 5.8% of the population in Hanson, MA, and this percentage has increased by 38.1% 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 | 88.2% | -6.2% |
% Black | 0.4% | -50.0% |
% Hispanic | 1.8% | 20.0% |
% Asian | 3.4% | 100.0% |
% Foreign Born | 5.8% | 38.1% |
Mortgage and Risk — Hanson, MA
According to HUD data as of 2023, there were 201 mortgage originations in Hanson, MA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Hanson, MA. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hanson, MA
Hanson, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 35 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,290 |
| 2 Bedroom | N/A | N/A | $2,990 |
| 3 Bedroom | $790 | $3,000 | $3,790 |
| 4 Bedroom | N/A | N/A | $4,100 |
Affordability — Hanson, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $591,000 |
| Median Household Income | $112,000 |