Fitchburg, MA 01420 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fitchburg, MA—01420

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$390,000

1.2% YoY Growth

Household Income

$70,300

27.2% YoY Growth

Days on Market

20.0% Longer YoY

Home Price Forecast

2.8%

Median Rent

$1,900

5.4% YoY Growth

1-Bed Rent

$1,450

11.5% YoY Growth

2-Bed Rent

$1,800

5.7% YoY Growth

3-Bed Rent

$2,100

7.5% YoY Growth

Home Price Trends — Fitchburg, MA

As of Dec '25, the median home price in Fitchburg, MA is $390,000, with a year-over-year change of 1.2%. This indicates that home prices in Fitchburg, MA are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$390,000	1.2%
Single Family	$399,000	0.8%
Condos	$335,000	4.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

6.3%

1 Bedroom

28.5%

2 Bedrooms

41.4%

3 Bedrooms

21.5%

4 Bedrooms

1.9%

5+ Bedrooms

0.4%

Property Listings — Fitchburg, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Fitchburg, MA is 38. This is a increase of 7.0% 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 56.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$380,000	1.0%
Listing Count	61	22.0%
Listings as % of Homes	0.2%	22.0%
Days on Market	54	20.0%

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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%

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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%

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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%

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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

Fitchburg, MA—01420

Key Metrics at a Glance

Home Price Trends — Fitchburg, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fitchburg, MA

% of Rental Stock

Property Listings — Fitchburg, MA

Demographics — Fitchburg, MA

Race and Ethnicity

Mortgage and Risk — Fitchburg, MA

Mortgages

Rentals and Section 8 — Fitchburg, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Fitchburg, MA

Home Price to Income Ratio

Fitchburg, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Leominster, MA

Ashby, MA

Westminster, MA

Lunenburg, MA

Townsend, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$390,000
Median Household Income	$70,300

Fitchburg, MA—01420

Key Metrics at a Glance

Home Price Trends — Fitchburg, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fitchburg, MA

% of Rental Stock

Property Listings — Fitchburg, MA

Demographics — Fitchburg, MA

Race and Ethnicity

Mortgage and Risk — Fitchburg, MA

Mortgages

Rentals and Section 8 — Fitchburg, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Fitchburg, MA

Home Price to Income Ratio

Fitchburg, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Leominster, MA

Ashby, MA

Westminster, MA

Lunenburg, MA

Townsend, MA

Frequently Asked Questions

What is the average home price in Fitchburg, MA 01420?

How have home prices in Fitchburg, MA 01420 changed over the past year?

What is the home price projection for Fitchburg, MA 01420?

What are the demographics of Fitchburg, MA 01420?

How long does it take homes to sell in Fitchburg, MA 01420?

What is the average rent price in Fitchburg, MA 01420?