Fitchburg, MA—01420
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fitchburg, MA
As of Oct '25, the median home price in Fitchburg, MA is $393,000, with a year-over-year change of 1.5%. This indicates that home prices in Fitchburg, MA are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $393,000 | 1.5% |
| Single Family | $403,000 | 1.0% |
| Condos | $336,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $207,000 | 10.7% |
2 Bed | $347,000 | 1.8% |
3 Bed | $407,000 | 0.7% |
4 Bed | $446,000 | 1.6% |
| 5 Bed | $485,000 | 3.2% |
% of Housing Stock
Rental Trends — Fitchburg, MA
As of July '25, Rentcast reports the average rent in Fitchburg, MA is $1,940, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Fitchburg, MA is studios: $1,300, 1-bedrooms: $1,360, 2-bedrooms: $1,840, 3-bedrooms: $2,140, 4-bedrooms: $2,580. The most common rental property sizes in Fitchburg, MA are 2-bedroom and 1-bedroom, accounting for 41.4% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,940 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,450 | $1,360 |
| 2 Bed Rent | $1,800 | $1,840 |
| 3 Bed Rent | $2,100 | $2,140 |
| 4 Bed Rent | $2,600 | $2,580 |
% of Rental Stock
Property Listings — Fitchburg, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fitchburg, MA is 27. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 69.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | 19.0% |
Listing Count | 64 | -5.0% |
| Listings as % of Homes | 0.2% | -5.0% |
Days on Market | 27 | -3.0% |
Demographics — Fitchburg, MA
As of the latest ACS Survey released in 2023, Fitchburg, MA has a population of 41,700, which has increased by 2.3% over the past 5 years. Fitchburg, MA is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,700 | 2.3% |
% Under 18 | 19.9% | -11.2% |
% Seniors | 13.9% | 2.2% |
% WFH | 9.3% | 190.6% |
% w/ College Degree | 24.5% | 16.7% |
As of the latest ACS Survey released in 2023, Fitchburg, MA is a predominantly white area, with 57.0% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in Fitchburg, MA is hispanic, making up 30.5% of the population. Foreign-born residents account for 10.4% of the population in Fitchburg, MA, and this percentage has decreased by 6.3% 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 | 57.0% | -11.1% |
% Black | 7.0% | 42.9% |
% Hispanic | 30.5% | 16.4% |
% Asian | 2.1% | -41.7% |
% Foreign Born | 10.4% | -6.3% |
Mortgage and Risk — Fitchburg, MA
According to HUD data as of 2023, there were 693 mortgage originations in Fitchburg, MA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Fitchburg, MA. Investor activity is low, as 2.0% 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 | 693 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Fitchburg, MA
As of 2024, the percent of homes in Fitchburg, MA under the Section 8 program is 12.1%. 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 Fitchburg, 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 | 952 |
Total Units Section 8 | 897 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,450 | $1,260 |
| 2 Bedroom | -$230 | $1,800 | $1,570 |
| 3 Bedroom | -$50 | $2,100 | $2,050 |
| 4 Bedroom | -$260 | $2,600 | $2,340 |
Affordability — Fitchburg, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $393,000 |
| Median Household Income | $70,300 |