Southborough, MA—01772
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southborough, MA
As of Oct '25, the median home price in Southborough, MA is $950,000, with a year-over-year change of 1.5%. This indicates that home prices in Southborough, MA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $950,000 | 1.5% |
| Single Family | $981,000 | 2.0% |
| Condos | $786,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $686,000 | 1.9% |
3 Bed | $712,000 | 0.4% |
4 Bed | $1,145,000 | 2.4% |
| 5 Bed | $1,553,000 | 3.3% |
% of Housing Stock
Rental Trends — Southborough, MA
As of July '25, Rentcast reports the average rent in Southborough, MA is $3,520, with a year-over-year rent change of -16.0%. Per bedroom, the median rent as of July '25 in Southborough, MA is 1-bedrooms: $1,750, 2-bedrooms: $2,780, 3-bedrooms: $4,080, 4-bedrooms: $4,500. The most common rental property sizes in Southborough, MA are 1-bedroom and 2-bedroom, accounting for 34.0% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,950 | $3,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,750 |
| 2 Bed Rent | $2,600 | $2,780 |
| 3 Bed Rent | $3,950 | $4,080 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Southborough, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Southborough, MA is 39. This is a increase of 9.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $962,000 | -8.0% |
Listing Count | 28 | 56.0% |
| Listings as % of Homes | 0.1% | 56.0% |
Days on Market | 39 | 9.0% |
Demographics — Southborough, MA
As of the latest ACS Survey released in 2023, Southborough, MA has a population of 9,780, which has increased by 3.1% over the past 5 years. Southborough, MA is a popular place for families, as children make up 27.1% of the population. The area has a highly educated workforce, with 75.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,780 | 3.1% |
% Under 18 | 27.1% | 3.4% |
% Seniors | 13.0% | -7.8% |
% WFH | 29.3% | 208.4% |
% w/ College Degree | 75.4% | 13.0% |
As of the latest ACS Survey released in 2023, Southborough, MA is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Southborough, MA is asian, making up 15.5% of the population. Foreign-born residents account for 22.0% of the population in Southborough, MA, and this percentage has increased by 32.5% 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 | 73.5% | -8.4% |
% Black | 0.7% | -58.8% |
% Hispanic | 3.9% | 39.3% |
% Asian | 15.5% | 14.8% |
% Foreign Born | 22.0% | 32.5% |
Mortgage and Risk — Southborough, MA
According to HUD data as of 2023, there were 200 mortgage originations in Southborough, MA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Southborough, MA. Investor activity is low, as 0.0% 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 | 200 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Southborough, MA
As of 2024, the percent of homes in Southborough, MA under the Section 8 program is 1.4%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Southborough, MA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,750 | $2,190 |
| 2 Bedroom | $70 | $2,600 | $2,670 |
| 3 Bedroom | -$660 | $3,950 | $3,290 |
| 4 Bedroom | -$860 | $4,500 | $3,640 |
Affordability — Southborough, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $950,000 |
| Median Household Income | $197,000 |