Waltham, MA—02451
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waltham, MA
As of Oct '25, the median home price in Waltham, MA is $799,000, with a year-over-year change of 0.5%. This indicates that home prices in Waltham, MA are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $799,000 | 0.5% |
| Single Family | $828,000 | 0.5% |
| Condos | $570,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $388,000 | -1.3% |
2 Bed | $647,000 | 1.1% |
3 Bed | $808,000 | 0.7% |
4 Bed | $989,000 | 0.4% |
| 5 Bed | $1,057,000 | 1.3% |
% of Housing Stock
Rental Trends — Waltham, MA
As of July '25, Rentcast reports the average rent in Waltham, MA is $3,560, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Waltham, MA is studios: $2,500, 1-bedrooms: $2,880, 2-bedrooms: $3,760, 3-bedrooms: $4,240, 4-bedrooms: $4,920. The most common rental property sizes in Waltham, MA are 2-bedroom and 1-bedroom, accounting for 36.1% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,510 | $3,560 |
| Studio Rent | $2,200 | $2,500 |
| 1 Bed Rent | $3,020 | $2,880 |
| 2 Bed Rent | $3,870 | $3,760 |
| 3 Bed Rent | $4,020 | $4,240 |
| 4 Bed Rent | $4,500 | $4,920 |
% of Rental Stock
Property Listings — Waltham, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Waltham, MA is 29. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $800,000 | 29.0% |
Listing Count | 23 | 11.0% |
| Listings as % of Homes | 0.2% | 11.0% |
Days on Market | 29 | 1.0% |
Demographics — Waltham, MA
As of the latest ACS Survey released in 2023, Waltham, MA has a population of 18,200, which has decreased by -2.9% over the past 5 years. Waltham, MA is a less popular place for families, as children make up 14.9% of the population. The area has a highly educated workforce, with 54.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | -2.9% |
% Under 18 | 14.9% | -3.2% |
% Seniors | 17.5% | 5.4% |
% WFH | 17.2% | 251.0% |
% w/ College Degree | 54.7% | 5.6% |
As of the latest ACS Survey released in 2023, Waltham, MA is a predominantly white area, with 55.6% of the population identifying as white. The white population has shrunk by 18.1% in the last 5 years. The second most common race or ethnicity in Waltham, MA is hispanic, making up 17.6% of the population. Foreign-born residents account for 30.2% of the population in Waltham, MA, and this percentage has increased by 9.0% 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 | 55.6% | -18.1% |
% Black | 7.7% | 20.3% |
% Hispanic | 17.6% | 91.3% |
% Asian | 16.3% | 21.6% |
% Foreign Born | 30.2% | 9.0% |
Mortgage and Risk — Waltham, MA
According to HUD data as of 2023, there were 274 mortgage originations in Waltham, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Waltham, MA. Investor activity is low, as 2.0% 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 | 274 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Waltham, MA
As of 2024, the percent of homes in Waltham, MA under the Section 8 program is 4.6%. 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. In Waltham, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 266 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $3,020 | $2,800 |
| 2 Bedroom | -$550 | $3,870 | $3,320 |
| 3 Bedroom | -$20 | $4,020 | $4,000 |
| 4 Bedroom | -$100 | $4,500 | $4,400 |
Affordability — Waltham, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $799,000 |
| Median Household Income | $120,000 |