Bourne, MA—02532
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bourne, MA
As of Oct '25, the median home price in Bourne, MA is $628,000, with a year-over-year change of 1.0%. This indicates that home prices in Bourne, MA are flat. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $628,000 | 1.0% |
| Single Family | $654,000 | 0.8% |
| Condos | $430,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $335,000 | 0.3% |
2 Bed | $518,000 | 0.2% |
3 Bed | $640,000 | 0.6% |
4 Bed | $801,000 | 0.8% |
| 5 Bed | $1,249,000 | 2.3% |
% of Housing Stock
Rental Trends — Bourne, MA
As of July '25, Rentcast reports the average rent in Bourne, MA is $2,680, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Bourne, MA is 1-bedrooms: $1,680, 2-bedrooms: $2,200, 3-bedrooms: $2,900, 4-bedrooms: $4,030. The most common rental property sizes in Bourne, MA are 2-bedroom and 1-bedroom, accounting for 42.4% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $1,680 |
| 2 Bed Rent | $2,100 | $2,200 |
| 3 Bed Rent | $2,200 | $2,900 |
| 4 Bed Rent | $4,900 | $4,030 |
% of Rental Stock
Property Listings — Bourne, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bourne, MA is 59. This is a increase of 28.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $731,000 | 16.0% |
Listing Count | 64 | 26.0% |
| Listings as % of Homes | 0.5% | 26.0% |
Days on Market | 59 | 28.0% |
Demographics — Bourne, MA
As of the latest ACS Survey released in 2023, Bourne, MA has a population of 13,200, which has remained stable by -0.4% over the past 5 years. Bourne, MA is a less popular place for families, as children make up 13.5% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,200 | -0.4% |
% Under 18 | 13.5% | -16.1% |
% Seniors | 31.6% | 43.0% |
% WFH | 14.0% | 250.0% |
% w/ College Degree | 42.5% | 27.2% |
As of the latest ACS Survey released in 2023, Bourne, MA is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Bourne, MA is asian, making up 3.5% of the population. Foreign-born residents account for 7.1% of the population in Bourne, MA, and this percentage has increased by 18.3% 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 | 88.4% | -2.2% |
% Black | 0.4% | -78.9% |
% Hispanic | 3.1% | -11.4% |
% Asian | 3.5% | 218.2% |
% Foreign Born | 7.1% | 18.3% |
Mortgage and Risk — Bourne, MA
According to HUD data as of 2023, there were 215 mortgage originations in Bourne, MA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Bourne, MA. Investor activity is low, as 1.0% 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 | 215 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Bourne, MA
As of 2024, the percent of homes in Bourne, MA under the Section 8 program is 18.6%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Bourne, MA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 257 |
Total Units Section 8 | 257 |
% Rentals under Section 8 | 18.6% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $2,000 | $2,140 |
| 2 Bedroom | $450 | $2,100 | $2,550 |
| 3 Bedroom | $880 | $2,200 | $3,080 |
| 4 Bedroom | -$1,510 | $4,900 | $3,390 |
Affordability — Bourne, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $628,000 |
| Median Household Income | $89,400 |