Westborough, MA—01581
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westborough, MA
As of Oct '25, the median home price in Westborough, MA is $733,000, with a year-over-year change of 1.1%. This indicates that home prices in Westborough, MA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $733,000 | 1.1% |
| Single Family | $810,000 | 0.4% |
| Condos | $516,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $390,000 | 6.8% |
2 Bed | $549,000 | 1.9% |
3 Bed | $670,000 | 0.9% |
4 Bed | $951,000 | 0.4% |
| 5 Bed | $1,174,000 | 1.0% |
% of Housing Stock
Rental Trends — Westborough, MA
As of July '25, Rentcast reports the average rent in Westborough, MA is $2,690, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Westborough, MA is studios: $2,000, 1-bedrooms: $2,270, 2-bedrooms: $2,830, 3-bedrooms: $3,580, 4-bedrooms: $4,300. The most common rental property sizes in Westborough, MA are 2-bedroom and 1-bedroom, accounting for 41.0% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,690 |
| Studio Rent | $1,960 | $2,000 |
| 1 Bed Rent | $2,300 | $2,270 |
| 2 Bed Rent | $2,900 | $2,830 |
| 3 Bed Rent | $3,540 | $3,580 |
| 4 Bed Rent | $4,200 | $4,300 |
% of Rental Stock
Property Listings — Westborough, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Westborough, MA is 46. This is a increase of 73.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $679,000 | -4.0% |
Listing Count | 55 | 81.0% |
| Listings as % of Homes | 0.2% | 81.0% |
Days on Market | 46 | 73.0% |
Demographics — Westborough, MA
As of the latest ACS Survey released in 2023, Westborough, MA has a population of 21,600, which has increased by 13.7% over the past 5 years. Westborough, MA is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 66.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,600 | 13.7% |
% Under 18 | 25.6% | -3.4% |
% Seniors | 15.7% | 16.3% |
% WFH | 24.5% | 260.3% |
% w/ College Degree | 66.0% | -1.5% |
As of the latest ACS Survey released in 2023, Westborough, MA is a predominantly white area, with 59.1% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Westborough, MA is asian, making up 23.0% of the population. Foreign-born residents account for 28.9% of the population in Westborough, MA, and this percentage has increased by 6.2% 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 | 59.1% | -10.7% |
% Black | 3.1% | 10.7% |
% Hispanic | 7.8% | 47.2% |
% Asian | 23.0% | -4.2% |
% Foreign Born | 28.9% | 6.2% |
Mortgage and Risk — Westborough, MA
According to HUD data as of 2023, there were 351 mortgage originations in Westborough, MA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Westborough, MA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 351 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Westborough, MA
As of 2024, the percent of homes in Westborough, MA under the Section 8 program is 3.4%. 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 Westborough, 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 | 113 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 97.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $2,300 | $2,050 |
| 2 Bedroom | -$260 | $2,900 | $2,640 |
| 3 Bedroom | -$310 | $3,540 | $3,230 |
| 4 Bedroom | -$650 | $4,200 | $3,550 |
Affordability — Westborough, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $733,000 |
| Median Household Income | $134,000 |