Leominster, MA 01453 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Leominster, MA—01453

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$456,000

2.6% YoY Growth

Household Income

$82,100

41.0% YoY Growth

Days on Market

58.0% Longer YoY

Home Price Forecast

2.9%

Median Rent

$1,900

10.9% YoY Growth

1-Bed Rent

$1,620

15.3% YoY Growth

2-Bed Rent

$1,900

11.0% YoY Growth

3-Bed Rent

$2,400

5.5% YoY Growth

Home Price Trends — Leominster, MA

As of Dec '25, the median home price in Leominster, MA is $456,000, with a year-over-year change of 2.6%. This indicates that home prices in Leominster, MA are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$456,000	2.6%
Single Family	$482,000	2.3%
Condos	$306,000	3.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Leominster, MA

As of July '25, Rentcast reports the average rent in Leominster, MA is $2,030, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Leominster, MA is 1-bedrooms: $1,580, 2-bedrooms: $2,020, 3-bedrooms: $2,400, 4-bedrooms: $2,800. The most common rental property sizes in Leominster, MA are 2-bedroom and 1-bedroom, accounting for 43.6% and 36.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$2,030
Studio Rent	N/A	N/A
1 Bed Rent	$1,620	$1,580
2 Bed Rent	$1,900	$2,020
3 Bed Rent	$2,400	$2,400
4 Bed Rent	$2,800	$2,800

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% of Rental Stock

Studio

3.6%

1 Bedroom

36.4%

2 Bedrooms

43.6%

3 Bedrooms

11.0%

4 Bedrooms

3.4%

5+ Bedrooms

2.0%

Property Listings — Leominster, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Leominster, MA is 36. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$460,000	1.0%
Listing Count	41	38.0%
Listings as % of Homes	0.1%	38.0%
Days on Market	64	58.0%

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Demographics — Leominster, MA

As of the latest ACS Survey released in 2023, Leominster, MA has a population of 43,600, which has increased by 4.9% over the past 5 years. Leominster, MA is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 32.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	43,600	4.9%
% Under 18	20.3%	-6.5%
% Seniors	18.3%	13.7%
% WFH	10.7%	127.7%
% w/ College Degree	32.4%	8.4%

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As of the latest ACS Survey released in 2023, Leominster, MA is a predominantly white area, with 68.2% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Leominster, MA is hispanic, making up 17.2% of the population. Foreign-born residents account for 15.3% of the population in Leominster, MA, and this percentage has increased by 4.1% 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	68.2%	-2.2%
% Black	5.4%	-6.9%
% Hispanic	17.2%	-9.0%
% Asian	3.0%	-6.2%
% Foreign Born	15.3%	4.1%

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Mortgage and Risk — Leominster, MA

According to HUD data as of 2023, there were 741 mortgage originations in Leominster, MA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Leominster, MA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	741
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Leominster, MA

As of 2024, the percent of homes in Leominster, MA under the Section 8 program is 13.6%. 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 Leominster, 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	909
Total Units Section 8	909
% Rentals under Section 8	13.6%
% Occupied Section 8	94.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$230	$1,620	$1,390
2 Bedroom	-$160	$1,900	$1,740
3 Bedroom	$0	$2,400	$2,400
4 Bedroom	-$150	$2,800	$2,650

Leominster, MA—01453

Key Metrics at a Glance

Home Price Trends — Leominster, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leominster, MA

% of Rental Stock

Property Listings — Leominster, MA

Demographics — Leominster, MA

Race and Ethnicity

Mortgage and Risk — Leominster, MA

Mortgages

Rentals and Section 8 — Leominster, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Leominster, MA

Home Price to Income Ratio

Leominster, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Sterling, MA

Fitchburg, MA

Lunenburg, MA

Lancaster, MA

Shirley, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$456,000
Median Household Income	$82,100

Leominster, MA—01453

Key Metrics at a Glance

Home Price Trends — Leominster, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leominster, MA

% of Rental Stock

Property Listings — Leominster, MA

Demographics — Leominster, MA

Race and Ethnicity

Mortgage and Risk — Leominster, MA

Mortgages

Rentals and Section 8 — Leominster, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Leominster, MA

Home Price to Income Ratio

Leominster, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Sterling, MA

Fitchburg, MA

Lunenburg, MA

Lancaster, MA

Shirley, MA

Frequently Asked Questions

What is the average home price in Leominster, MA 01453?

How have home prices in Leominster, MA 01453 changed over the past year?

What is the home price projection for Leominster, MA 01453?

What are the demographics of Leominster, MA 01453?

How long does it take homes to sell in Leominster, MA 01453?

What is the average rent price in Leominster, MA 01453?