Shrewsbury, MA 01545 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Shrewsbury, MA—01545

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$703,000

0.9% YoY Growth

Household Income

$136,000

28.4% YoY Growth

Days on Market

33.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$2,380

0.4% YoY Growth

1-Bed Rent

$2,150

3.3% YoY Growth

2-Bed Rent

$2,700

0.0% YoY Growth

3-Bed Rent

$3,500

3.3% YoY Growth

Home Price Trends — Shrewsbury, MA

As of May '26, the median home price in Shrewsbury, MA is $703,000, with a year-over-year change of 0.9%. This indicates that home prices in Shrewsbury, MA are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$703,000	0.9%
Single Family	$747,000	0.3%
Condos	$470,000	2.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Shrewsbury, MA

As of July '25, Rentcast reports the average rent in Shrewsbury, MA is $2,530, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Shrewsbury, MA is studios: $1,950, 1-bedrooms: $2,200, 2-bedrooms: $2,700, 3-bedrooms: $3,480, 4-bedrooms: $4,530. The most common rental property sizes in Shrewsbury, MA are 2-bedroom and 1-bedroom, accounting for 39.2% and 35.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,380	$2,530
Studio Rent	$1,920	$1,950
1 Bed Rent	$2,150	$2,200
2 Bed Rent	$2,700	$2,700
3 Bed Rent	$3,500	$3,480
4 Bed Rent	$3,800	$4,530

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% of Rental Stock

Studio

5.0%

1 Bedroom

35.0%

2 Bedrooms

39.2%

3 Bedrooms

17.4%

4 Bedrooms

1.7%

5+ Bedrooms

1.7%

Property Listings — Shrewsbury, MA

As of May '26, Realtor.com reports that the median days on market for a home in Shrewsbury, MA is 25. This is a increase of 33.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$788,000	-4.0%
Listing Count	146	120.0%
Listings as % of Homes	0.1%	120.0%
Days on Market	25	33.0%

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Demographics — Shrewsbury, MA

As of the latest ACS Survey released in 2023, Shrewsbury, MA has a population of 38,400, which has increased by 4.8% over the past 5 years. Shrewsbury, MA is a moderately popular place for families, as children make up 22.7% of the population. The area has a highly educated workforce, with 65.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	38,400	4.8%
% Under 18	22.7%	-5.0%
% Seniors	15.7%	-3.7%
% WFH	23.7%	383.7%
% w/ College Degree	65.6%	12.3%

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As of the latest ACS Survey released in 2023, Shrewsbury, MA is a predominantly white area, with 62.8% of the population identifying as white. The white population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in Shrewsbury, MA is asian, making up 23.6% of the population. Foreign-born residents account for 26.7% of the population in Shrewsbury, MA, and this percentage has increased by 15.1% 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	62.8%	-9.8%
% Black	3.1%	0.0%
% Hispanic	4.7%	-9.6%
% Asian	23.6%	26.2%
% Foreign Born	26.7%	15.1%

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Mortgage and Risk — Shrewsbury, MA

According to HUD data as of 2023, there were 615 mortgage originations in Shrewsbury, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Shrewsbury, MA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	615
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Shrewsbury, MA

As of 2024, the percent of homes in Shrewsbury, MA under the Section 8 program is 2.0%. 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 Shrewsbury, 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	183
Total Units Section 8	84
% Rentals under Section 8	2.0%
% Occupied Section 8	98.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$190	$2,150	$1,960
2 Bedroom	-$170	$2,700	$2,530
3 Bedroom	-$410	$3,500	$3,090
4 Bedroom	-$400	$3,800	$3,400

Shrewsbury, MA—01545

Key Metrics at a Glance

Home Price Trends — Shrewsbury, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shrewsbury, MA

% of Rental Stock

Property Listings — Shrewsbury, MA

Demographics — Shrewsbury, MA

Race and Ethnicity

Mortgage and Risk — Shrewsbury, MA

Mortgages

Rentals and Section 8 — Shrewsbury, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Shrewsbury, MA

Home Price to Income Ratio

Shrewsbury, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Grafton, MA

Worcester, MA

Boylston, MA

Worcester, MA

Northborough, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$703,000
Median Household Income	$136,000

Shrewsbury, MA—01545

Key Metrics at a Glance

Home Price Trends — Shrewsbury, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shrewsbury, MA

% of Rental Stock

Property Listings — Shrewsbury, MA

Demographics — Shrewsbury, MA

Race and Ethnicity

Mortgage and Risk — Shrewsbury, MA

Mortgages

Rentals and Section 8 — Shrewsbury, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Shrewsbury, MA

Home Price to Income Ratio

Shrewsbury, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Grafton, MA

Worcester, MA

Boylston, MA

Worcester, MA

Northborough, MA

Frequently Asked Questions

What is the average home price in Shrewsbury, MA 01545?

How have home prices in Shrewsbury, MA 01545 changed over the past year?

What is the home price projection for Shrewsbury, MA 01545?

What are the demographics of Shrewsbury, MA 01545?

How long does it take homes to sell in Shrewsbury, MA 01545?

What is the average rent price in Shrewsbury, MA 01545?