Provincetown, MA—02657
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Provincetown, MA
As of Oct '25, the median home price in Provincetown, MA is $1,039,000, with a year-over-year change of 1.8%. This indicates that home prices in Provincetown, MA are increasing. 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 | $1,039,000 | 1.9% |
| Single Family | $1,704,000 | 0.9% |
| Condos | $869,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $710,000 | 1.3% |
2 Bed | $1,083,000 | 2.1% |
3 Bed | $1,849,000 | 1.6% |
4 Bed | $2,446,000 | 2.7% |
| 5 Bed | $3,032,000 | 3.3% |
% of Housing Stock
Rental Trends — Provincetown, MA
As of July '25, Rentcast reports the average rent in Provincetown, MA is $3,250, with a year-over-year rent change of -67.5%. Per bedroom, the median rent as of July '25 in Provincetown, MA is 2-bedrooms: $3,250. The most common rental property sizes in Provincetown, MA are 1-bedroom and 2-bedroom, accounting for 46.2% and 37.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,250 | $3,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,250 | $3,250 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Provincetown, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Provincetown, MA is 71. This is a increase of 14.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,470,000 | -11.0% |
Listing Count | 121 | 4.0% |
| Listings as % of Homes | 0.9% | 4.0% |
Days on Market | 71 | 14.0% |
Demographics — Provincetown, MA
As of the latest ACS Survey released in 2023, Provincetown, MA has a population of 3,680, which has increased by 24.4% over the past 5 years. Provincetown, MA is a less popular place for families, as children make up 7.2% of the population. The area has a highly educated workforce, with 61.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,680 | 24.4% |
% Under 18 | 7.2% | 50.0% |
% Seniors | 25.8% | -16.0% |
% WFH | 31.3% | 104.6% |
% w/ College Degree | 61.5% | 26.3% |
As of the latest ACS Survey released in 2023, Provincetown, MA is a predominantly white area, with 74.6% of the population identifying as white. The white population has shrunk by 16.7% in the last 5 years. The second most common race or ethnicity in Provincetown, MA is hispanic, making up 12.3% of the population. Foreign-born residents account for 18.0% of the population in Provincetown, MA, and this percentage has increased by 89.5% 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 | 74.6% | -16.7% |
% Black | 6.6% | 312.5% |
% Hispanic | 12.3% | 251.4% |
% Asian | 2.1% | 75.0% |
% Foreign Born | 18.0% | 89.5% |
Mortgage and Risk — Provincetown, MA
According to HUD data as of 2023, there were 159 mortgage originations in Provincetown, MA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Provincetown, MA. Investor activity is low, as 9.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 159 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 9.0% |
% Second Loans | 47.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Provincetown, MA
Provincetown, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,430 |
| 2 Bedroom | -$1,370 | $3,250 | $1,880 |
| 3 Bedroom | N/A | N/A | $2,290 |
| 4 Bedroom | N/A | N/A | $2,610 |
Affordability — Provincetown, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $1,039,000 |
| Median Household Income | $104,000 |