Leicester, MA—01542
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leicester, MA
As of Nov '25, the median home price in Leicester, MA is $486,000, with a year-over-year change of 3.6%. This indicates that home prices in Leicester, MA are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $486,000 | 3.6% |
| Single Family | $516,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Leicester, MA
Leicester, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,460 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,460 | $1,460 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Leicester, MA
As of Nov '25, Realtor.com reports that the median days on market for a home in Leicester, MA is 42. This is a decrease of -10.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | 4.0% |
Listing Count | 5 | 50.0% |
| Listings as % of Homes | N/A | 50.0% |
Days on Market | 42 | -10.0% |
Demographics — Leicester, MA
As of the latest ACS Survey released in 2023, Leicester, MA has a population of 2,570, which has increased by 11.1% over the past 5 years. Leicester, MA is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,570 | 11.1% |
% Under 18 | 19.0% | -11.2% |
% Seniors | 31.1% | 108.7% |
% WFH | 21.7% | 442.5% |
% w/ College Degree | 28.4% | 16.4% |
As of the latest ACS Survey released in 2023, Leicester, MA is a predominantly white area, with 85.1% of the population identifying as white. The white population has shrunk by 12.3% in the last 5 years. The second most common race or ethnicity in Leicester, MA is black, making up 5.7% of the population. Foreign-born residents account for 4.4% of the population in Leicester, MA, and this percentage has increased by 18.9% 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 | 85.1% | -12.3% |
% Black | 5.7% | 159.1% |
% Hispanic | 4.3% | 760.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.4% | 18.9% |
Mortgage and Risk — Leicester, MA
Leicester, MA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Leicester, MA
Leicester, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,460 | $1,580 |
| 2 Bedroom | N/A | N/A | $2,040 |
| 3 Bedroom | -$510 | $3,000 | $2,490 |
| 4 Bedroom | N/A | N/A | $2,740 |
Affordability — Leicester, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $486,000 |
| Median Household Income | $108,000 |