Wareham, MA—02538
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wareham, MA
As of Oct '25, the median home price in Wareham, MA is $454,000, with a year-over-year change of -0.2%. This indicates that home prices in Wareham, MA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $454,000 | -0.2% |
| Single Family | $457,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $396,000 | -2.2% |
3 Bed | $496,000 | 0.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wareham, MA
As of July '25, Rentcast reports the average rent in Wareham, MA is $3,500, with a year-over-year rent change of 23.7%. Per bedroom, the median rent as of July '25 in Wareham, MA is 1-bedrooms: $3,000, 3-bedrooms: $4,000, 4-bedrooms: $3,500. The most common rental property sizes in Wareham, MA are 2-bedroom and 3-bedroom, accounting for 64.2% and 18.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,000 | $3,000 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,000 | $4,000 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Wareham, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Wareham, MA is 95. This is a increase of 101.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $579,000 | 16.0% |
Listing Count | 12 | 91.0% |
| Listings as % of Homes | 0.1% | 91.0% |
Days on Market | 95 | 101.0% |
Demographics — Wareham, MA
As of the latest ACS Survey released in 2023, Wareham, MA has a population of 4,560, which has increased by 24.8% over the past 5 years. Wareham, MA is a moderately popular place for families, as children make up 17.3% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,560 | 24.8% |
% Under 18 | 17.3% | -10.8% |
% Seniors | 17.8% | 109.4% |
% WFH | 7.2% | 380.0% |
% w/ College Degree | 22.4% | 73.6% |
As of the latest ACS Survey released in 2023, Wareham, MA is a predominantly white area, with 91.8% of the population identifying as white. The white population has grown by 28.6% in the last 5 years. The second most common race or ethnicity in Wareham, MA is asian, making up 1.1% of the population. Foreign-born residents account for 1.5% of the population in Wareham, MA, and this percentage has decreased by 6.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.8% | 28.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 1.1% | -31.2% |
% Foreign Born | 1.5% | -6.2% |
Mortgage and Risk — Wareham, MA
According to HUD data as of 2023, there were 130 mortgage originations in Wareham, MA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Wareham, MA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 130 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wareham, MA
Wareham, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 241 |
Total Units Section 8 | 241 |
% Rentals under Section 8 | 55.3% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$860 | $3,000 | $2,140 |
| 2 Bedroom | N/A | N/A | $2,550 |
| 3 Bedroom | -$920 | $4,000 | $3,080 |
| 4 Bedroom | -$110 | $3,500 | $3,390 |
Affordability — Wareham, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $454,000 |
| Median Household Income | $111,000 |