Harvard, MA 01451 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Harvard, MA—01451

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$933,000

0.8% YoY Growth

Household Income

$207,000

32.9% YoY Growth

Days on Market

60.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$3,200

1.5% YoY Growth

1-Bed Rent

$1,300

48.0% YoY Growth

2-Bed Rent

$3,500

12.5% YoY Growth

3-Bed Rent

$3,200

N/A

Home Price Trends — Harvard, MA

As of May '26, the median home price in Harvard, MA is $933,000, with a year-over-year change of -0.8%. This indicates that home prices in Harvard, MA are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$933,000	-0.8%
Single Family	$968,000	-0.7%
Condos	$626,000	4.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Harvard, MA

As of July '25, Rentcast reports the average rent in Harvard, MA is $3,200, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Harvard, MA is 1-bedrooms: $1,300, 2-bedrooms: $3,500, 3-bedrooms: $3,200, 4-bedrooms: $4,800. The most common rental property sizes in Harvard, MA are 2-bedroom and 1-bedroom, accounting for 53.4% and 14.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,200	$3,200
Studio Rent	N/A	N/A
1 Bed Rent	$1,300	$1,300
2 Bed Rent	$3,500	$3,500
3 Bed Rent	$3,200	$3,200
4 Bed Rent	$4,800	$4,800

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% of Rental Stock

1 Bedroom

14.1%

2 Bedrooms

53.4%

3 Bedrooms

14.1%

4 Bedrooms

12.9%

5+ Bedrooms

5.5%

Property Listings — Harvard, MA

As of May '26, Realtor.com reports that the median days on market for a home in Harvard, MA is 29. This is a increase of 60.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,110,000	15.0%
Listing Count	29	49.0%
Listings as % of Homes	0.5%	49.0%
Days on Market	29	60.0%

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Demographics — Harvard, MA

As of the latest ACS Survey released in 2023, Harvard, MA has a population of 5,360, which has increased by 15.9% over the past 5 years. Harvard, MA is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 78.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 40.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,360	15.9%
% Under 18	25.9%	-1.9%
% Seniors	14.3%	-14.4%
% WFH	40.0%	185.7%
% w/ College Degree	78.2%	-0.1%

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As of the latest ACS Survey released in 2023, Harvard, MA is a predominantly white area, with 85.3% 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 Harvard, MA is hispanic, making up 7.8% of the population. Foreign-born residents account for 7.5% of the population in Harvard, MA, and this percentage has decreased by 23.5% 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	85.3%	-4.6%
% Black	0.0%	-100.0%
% Hispanic	7.8%	143.8%
% Asian	4.7%	42.4%
% Foreign Born	7.5%	-23.5%

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Mortgage and Risk — Harvard, MA

According to HUD data as of 2023, there were 100 mortgage originations in Harvard, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Harvard, MA. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	100
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Harvard, MA

As of 2024, the percent of homes in Harvard, MA under the Section 8 program is 6.1%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Harvard, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	12
Total Units Section 8	12
% Rentals under Section 8	6.1%
% Occupied Section 8	84.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$840	$1,300	$2,140
2 Bedroom	-$950	$3,500	$2,550
3 Bedroom	-$120	$3,200	$3,080
4 Bedroom	-$1,410	$4,800	$3,390

Harvard, MA—01451

Key Metrics at a Glance

Home Price Trends — Harvard, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Harvard, MA

% of Rental Stock

Property Listings — Harvard, MA

Demographics — Harvard, MA

Race and Ethnicity

Mortgage and Risk — Harvard, MA

Mortgages

Rentals and Section 8 — Harvard, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Harvard, MA

Home Price to Income Ratio

Harvard, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Devens, MA

Boxboro, MA

Ayer, MA

Bolton, MA

Littleton, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$933,000
Median Household Income	$207,000

Harvard, MA—01451

Key Metrics at a Glance

Home Price Trends — Harvard, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Harvard, MA

% of Rental Stock

Property Listings — Harvard, MA

Demographics — Harvard, MA

Race and Ethnicity

Mortgage and Risk — Harvard, MA

Mortgages

Rentals and Section 8 — Harvard, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Harvard, MA

Home Price to Income Ratio

Harvard, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Devens, MA

Boxboro, MA

Ayer, MA

Bolton, MA

Littleton, MA

Frequently Asked Questions

What is the average home price in Harvard, MA 01451?

How have home prices in Harvard, MA 01451 changed over the past year?

What is the home price projection for Harvard, MA 01451?

What are the demographics of Harvard, MA 01451?

How long does it take homes to sell in Harvard, MA 01451?

What is the average rent price in Harvard, MA 01451?