Lowell, MA—01851
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lowell, MA
As of Oct '25, the median home price in Lowell, MA is $519,000, with a year-over-year change of 2.0%. This indicates that home prices in Lowell, MA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $519,000 | 2.0% |
| Single Family | $538,000 | 1.5% |
| Condos | $339,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $380,000 | 2.2% |
3 Bed | $528,000 | 1.7% |
4 Bed | $563,000 | 1.4% |
| 5 Bed | $611,000 | 1.3% |
% of Housing Stock
Rental Trends — Lowell, MA
As of July '25, Rentcast reports the average rent in Lowell, MA is $2,160, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Lowell, MA is studios: $1,680, 1-bedrooms: $1,790, 2-bedrooms: $2,240, 3-bedrooms: $2,780, 4-bedrooms: $3,000. The most common rental property sizes in Lowell, MA are 2-bedroom and 1-bedroom, accounting for 46.9% and 18.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,160 |
| Studio Rent | $1,580 | $1,680 |
| 1 Bed Rent | $1,820 | $1,790 |
| 2 Bed Rent | $2,150 | $2,240 |
| 3 Bed Rent | $2,750 | $2,780 |
| 4 Bed Rent | $2,700 | $3,000 |
% of Rental Stock
Property Listings — Lowell, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lowell, MA is 15. This is a increase of 150.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $504,000 | 3.0% |
Listing Count | 14 | 25.0% |
| Listings as % of Homes | 0.1% | 25.0% |
Days on Market | 15 | 150.0% |
Demographics — Lowell, MA
As of the latest ACS Survey released in 2023, Lowell, MA has a population of 32,300, which has increased by 5.7% over the past 5 years. Lowell, MA is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,300 | 5.7% |
% Under 18 | 20.5% | -8.5% |
% Seniors | 10.6% | 1.9% |
% WFH | 10.5% | 238.7% |
% w/ College Degree | 32.0% | 32.8% |
As of the latest ACS Survey released in 2023, Lowell, MA is a predominantly asian area, with 40.4% of the population identifying as asian. The asian population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Lowell, MA is white, making up 30.8% of the population. Foreign-born residents account for 39.0% of the population in Lowell, MA, and this percentage has increased by 6.3% 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 | 30.8% | -18.3% |
% Black | 9.6% | 65.5% |
% Hispanic | 14.3% | 19.2% |
% Asian | 40.4% | -5.6% |
% Foreign Born | 39.0% | 6.3% |
Mortgage and Risk — Lowell, MA
According to HUD data as of 2023, there were 275 mortgage originations in Lowell, MA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Lowell, MA. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 275 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lowell, MA
As of 2024, the percent of homes in Lowell, MA under the Section 8 program is 8.8%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lowell, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 730 |
Total Units Section 8 | 533 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,820 | $1,600 |
| 2 Bedroom | -$50 | $2,150 | $2,100 |
| 3 Bedroom | -$220 | $2,750 | $2,530 |
| 4 Bedroom | $80 | $2,700 | $2,780 |
Affordability — Lowell, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $519,000 |
| Median Household Income | $88,000 |