Millbury, MA 01527 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Millbury, MA—01527

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$488,000

3.0% YoY Growth

Household Income

$116,000

41.8% YoY Growth

Days on Market

36.0% Shorter YoY

Home Price Forecast

2.8%

Median Rent

$2,400

13.5% YoY Growth

1-Bed Rent

$1,600

5.2% YoY Growth

2-Bed Rent

$2,400

26.1% YoY Growth

3-Bed Rent

$3,500

24.0% YoY Growth

Home Price Trends — Millbury, MA

As of Dec '25, the median home price in Millbury, MA is $488,000, with a year-over-year change of 3.0%. This indicates that home prices in Millbury, 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	$488,000	3.0%
Single Family	$497,000	3.3%
Condos	$440,000	3.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Millbury, MA

As of July '25, Rentcast reports the average rent in Millbury, MA is $2,610, with a year-over-year rent change of 13.5%. Per bedroom, the median rent as of July '25 in Millbury, MA is 1-bedrooms: $1,820, 2-bedrooms: $2,370, 3-bedrooms: $3,410, 4-bedrooms: $4,000. The most common rental property sizes in Millbury, MA are 2-bedroom and 1-bedroom, accounting for 47.3% and 28.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,400	$2,610
Studio Rent	N/A	N/A
1 Bed Rent	$1,600	$1,820
2 Bed Rent	$2,400	$2,370
3 Bed Rent	$3,500	$3,410
4 Bed Rent	$4,000	$4,000

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% of Rental Stock

Studio

3.8%

1 Bedroom

28.4%

2 Bedrooms

47.3%

3 Bedrooms

11.4%

4 Bedrooms

9.2%

Property Listings — Millbury, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Millbury, MA is 31. This is a decrease of -15.0% 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	$632,000	11.0%
Listing Count	14	-20.0%
Listings as % of Homes	0.4%	-20.0%
Days on Market	28	-36.0%

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Demographics — Millbury, MA

As of the latest ACS Survey released in 2023, Millbury, MA has a population of 13,900, which has increased by 2.0% over the past 5 years. Millbury, MA is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 33.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,900	2.0%
% Under 18	21.1%	3.9%
% Seniors	19.4%	15.5%
% WFH	16.1%	419.4%
% w/ College Degree	33.4%	0.6%

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As of the latest ACS Survey released in 2023, Millbury, MA is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Millbury, MA is hispanic, making up 5.2% of the population. Foreign-born residents account for 8.8% of the population in Millbury, MA, and this percentage has increased by 8.6% 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	82.5%	-8.9%
% Black	0.9%	-18.2%
% Hispanic	5.2%	300.0%
% Asian	5.1%	45.7%
% Foreign Born	8.8%	8.6%

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Mortgage and Risk — Millbury, MA

According to HUD data as of 2023, there were 291 mortgage originations in Millbury, MA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Millbury, MA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	291
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Millbury, MA

As of 2024, the percent of homes in Millbury, MA under the Section 8 program is 2.5%. 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 Millbury, 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	33
Total Units Section 8	33
% Rentals under Section 8	2.5%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$140	$1,600	$1,460
2 Bedroom	-$520	$2,400	$1,880
3 Bedroom	-$1,200	$3,500	$2,300
4 Bedroom	-$1,470	$4,000	$2,530

Millbury, MA—01527

Key Metrics at a Glance

Home Price Trends — Millbury, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Millbury, MA

% of Rental Stock

Property Listings — Millbury, MA

Demographics — Millbury, MA

Race and Ethnicity

Mortgage and Risk — Millbury, MA

Mortgages

Rentals and Section 8 — Millbury, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Millbury, MA

Home Price to Income Ratio

Millbury, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Worcester, MA

Worcester, MA

Sutton, MA

Worcester, MA

Auburn, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$488,000
Median Household Income	$116,000

Millbury, MA—01527

Key Metrics at a Glance

Home Price Trends — Millbury, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Millbury, MA

% of Rental Stock

Property Listings — Millbury, MA

Demographics — Millbury, MA

Race and Ethnicity

Mortgage and Risk — Millbury, MA

Mortgages

Rentals and Section 8 — Millbury, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Millbury, MA

Home Price to Income Ratio

Millbury, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Worcester, MA

Worcester, MA

Sutton, MA

Worcester, MA

Auburn, MA

Frequently Asked Questions

What is the average home price in Millbury, MA 01527?

How have home prices in Millbury, MA 01527 changed over the past year?

What is the home price projection for Millbury, MA 01527?

What are the demographics of Millbury, MA 01527?

How long does it take homes to sell in Millbury, MA 01527?

What is the average rent price in Millbury, MA 01527?