Bourne, MA—02562
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 $704,000, with a year-over-year change of -0.4%. This indicates that home prices in Bourne, MA are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $704,000 | -0.4% |
| Single Family | $734,000 | -0.4% |
| Condos | $416,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $717,000 | -1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bourne, MA
As of July '25, Rentcast reports the average rent in Bourne, MA is $2,320, with a year-over-year rent change of -9.4%. Per bedroom, the median rent as of July '25 in Bourne, MA is 2-bedrooms: $2,200, 3-bedrooms: $2,700, 4-bedrooms: $2,300. The most common rental property sizes in Bourne, MA are 2-bedroom and 1-bedroom, accounting for 55.0% and 40.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,100 | $2,200 |
| 3 Bed Rent | $2,700 | $2,700 |
| 4 Bed Rent | $2,300 | $2,300 |
% 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 93. This is a increase of 11.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $824,000 | 10.0% |
Listing Count | 15 | -38.0% |
| Listings as % of Homes | 0.6% | -38.0% |
Days on Market | 93 | 11.0% |
Demographics — Bourne, MA
As of the latest ACS Survey released in 2023, Bourne, MA has a population of 3,700, which has increased by 21.2% over the past 5 years. Bourne, MA is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 48.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,700 | 21.2% |
% Under 18 | 19.6% | 27.3% |
% Seniors | 19.7% | -10.0% |
% WFH | 16.3% | 150.8% |
% w/ College Degree | 48.2% | 33.9% |
As of the latest ACS Survey released in 2023, Bourne, MA is a predominantly white area, with 95.1% of the population identifying as white. The white population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in Bourne, MA is asian, making up 3.1% of the population. Foreign-born residents account for 5.6% of the population in Bourne, MA, and this percentage has increased by 229.4% 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 | 95.1% | 3.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.2% | -57.1% |
% Asian | 3.1% | 34.8% |
% Foreign Born | 5.6% | 229.4% |
Mortgage and Risk — Bourne, MA
According to HUD data as of 2023, there were 125 mortgage originations in Bourne, MA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Bourne, MA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 125 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Bourne, MA
Bourne, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,780 |
| 2 Bedroom | $230 | $2,100 | $2,330 |
| 3 Bedroom | $160 | $2,700 | $2,860 |
| 4 Bedroom | $990 | $2,300 | $3,290 |
Affordability — Bourne, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $704,000 |
| Median Household Income | $141,000 |