Gardner, MA 01440 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gardner, MA—01440

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$363,000

1.3% YoY Growth

Household Income

$63,500

26.4% YoY Growth

Days on Market

38.0% Shorter YoY

Home Price Forecast

3.2%

Median Rent

$1,600

8.3% YoY Growth

1-Bed Rent

$1,350

4.8% YoY Growth

2-Bed Rent

$1,600

3.8% YoY Growth

3-Bed Rent

$2,100

26.3% YoY Growth

Home Price Trends — Gardner, MA

As of Dec '25, the median home price in Gardner, MA is $363,000, with a year-over-year change of 1.3%. This indicates that home prices in Gardner, 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	$363,000	1.3%
Single Family	$373,000	1.4%
Condos	$209,000	6.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Gardner, MA

As of July '25, Rentcast reports the average rent in Gardner, MA is $1,700, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Gardner, MA is 1-bedrooms: $1,320, 2-bedrooms: $1,620, 3-bedrooms: $2,210, 4-bedrooms: $1,850. The most common rental property sizes in Gardner, MA are 2-bedroom and 1-bedroom, accounting for 45.6% and 29.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,700
Studio Rent	N/A	N/A
1 Bed Rent	$1,350	$1,320
2 Bed Rent	$1,600	$1,620
3 Bed Rent	$2,100	$2,210
4 Bed Rent	$1,850	$1,850

Loading chart...

% of Rental Stock

Studio

6.9%

1 Bedroom

29.2%

2 Bedrooms

45.6%

3 Bedrooms

16.1%

4 Bedrooms

1.8%

5+ Bedrooms

0.4%

Property Listings — Gardner, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Gardner, MA is 25. This is a decrease of -28.0% 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 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	$375,000	10.0%
Listing Count	27	-24.0%
Listings as % of Homes	0.2%	-24.0%
Days on Market	38	-38.0%

Loading chart...

Demographics — Gardner, MA

As of the latest ACS Survey released in 2023, Gardner, MA has a population of 21,300, which has increased by 3.6% over the past 5 years. Gardner, MA is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,300	3.6%
% Under 18	18.3%	-7.1%
% Seniors	19.2%	25.5%
% WFH	12.1%	181.4%
% w/ College Degree	22.7%	19.5%

Loading chart...

As of the latest ACS Survey released in 2023, Gardner, MA is a predominantly white area, with 80.0% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Gardner, MA is hispanic, making up 9.3% of the population. Foreign-born residents account for 7.9% of the population in Gardner, MA, and this percentage has increased by 33.9% 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	80.0%	-4.6%
% Black	4.7%	95.8%
% Hispanic	9.3%	1.1%
% Asian	2.7%	68.8%
% Foreign Born	7.9%	33.9%

Loading chart...

Mortgage and Risk — Gardner, MA

According to HUD data as of 2023, there were 392 mortgage originations in Gardner, MA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Gardner, MA. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	392
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

Loading chart...

Rentals and Section 8 — Gardner, MA

As of 2024, the percent of homes in Gardner, MA under the Section 8 program is 14.3%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Gardner, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	703
Total Units Section 8	548
% Rentals under Section 8	14.3%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$170	$1,350	$1,180
2 Bedroom	-$130	$1,600	$1,470
3 Bedroom	-$180	$2,100	$1,920
4 Bedroom	$340	$1,850	$2,190

Gardner, MA—01440

Key Metrics at a Glance

Home Price Trends — Gardner, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gardner, MA

% of Rental Stock

Property Listings — Gardner, MA

Demographics — Gardner, MA

Race and Ethnicity

Mortgage and Risk — Gardner, MA

Mortgages

Rentals and Section 8 — Gardner, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Gardner, MA

Home Price to Income Ratio

Gardner, MA — ZIP Code Boundary Map

Nearby ZIP Codes

East Templeton

Templeton, MA

Westminster, MA

Ashburnham, MA

Winchendon, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.8
Median Home Price	$363,000
Median Household Income	$63,500

Gardner, MA—01440

Key Metrics at a Glance

Home Price Trends — Gardner, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gardner, MA

% of Rental Stock

Property Listings — Gardner, MA

Demographics — Gardner, MA

Race and Ethnicity

Mortgage and Risk — Gardner, MA

Mortgages

Rentals and Section 8 — Gardner, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Gardner, MA

Home Price to Income Ratio

Gardner, MA — ZIP Code Boundary Map

Nearby ZIP Codes

East Templeton

Templeton, MA

Westminster, MA

Ashburnham, MA

Winchendon, MA

Frequently Asked Questions

What is the average home price in Gardner, MA 01440?

How have home prices in Gardner, MA 01440 changed over the past year?

What is the home price projection for Gardner, MA 01440?

What are the demographics of Gardner, MA 01440?

How long does it take homes to sell in Gardner, MA 01440?

What is the average rent price in Gardner, MA 01440?