Medway, MA 02053 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Medway, MA—02053

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$701,000

1.2% YoY Growth

Household Income

$174,000

46.0% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$2,700

26.8% YoY Growth

1-Bed Rent

$2,000

6.1% YoY Growth

2-Bed Rent

$2,700

54.5% YoY Growth

3-Bed Rent

$2,900

17.6% YoY Growth

Home Price Trends — Medway, MA

As of Dec '25, the median home price in Medway, MA is $701,000, with a year-over-year change of 1.2%. This indicates that home prices in Medway, MA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$701,000	1.2%
Single Family	$713,000	1.1%
Condos	$534,000	2.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Medway, MA

As of July '25, Rentcast reports the average rent in Medway, MA is $2,820, with a year-over-year rent change of -26.8%. Per bedroom, the median rent as of July '25 in Medway, MA is 1-bedrooms: $2,100, 2-bedrooms: $2,710, 3-bedrooms: $3,070, 4-bedrooms: $3,750. The most common rental property sizes in Medway, MA are 2-bedroom and 1-bedroom, accounting for 30.2% and 29.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,700	$2,820
Studio Rent	N/A	N/A
1 Bed Rent	$2,000	$2,100
2 Bed Rent	$2,700	$2,710
3 Bed Rent	$2,900	$3,070
4 Bed Rent	$3,000	$3,750

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% of Rental Stock

Studio

16.8%

1 Bedroom

29.2%

2 Bedrooms

30.2%

3 Bedrooms

22.2%

4 Bedrooms

1.6%

Property Listings — Medway, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Medway, MA is 32. This is a increase of 12.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$659,000	-8.0%
Listing Count	15	15.0%
Listings as % of Homes	0.5%	15.0%
Days on Market	36	2.0%

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Demographics — Medway, MA

As of the latest ACS Survey released in 2023, Medway, MA has a population of 13,300, which has remained stable by 0.1% over the past 5 years. Medway, MA is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 61.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,300	0.1%
% Under 18	23.1%	-6.9%
% Seniors	14.6%	9.8%
% WFH	19.0%	160.3%
% w/ College Degree	61.9%	6.2%

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As of the latest ACS Survey released in 2023, Medway, MA is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Medway, MA is asian, making up 5.4% of the population. Foreign-born residents account for 7.7% of the population in Medway, MA, and this percentage has increased by 18.5% 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	83.1%	-9.2%
% Black	1.3%	-55.2%
% Hispanic	4.5%	275.0%
% Asian	5.4%	80.0%
% Foreign Born	7.7%	18.5%

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Mortgage and Risk — Medway, MA

According to HUD data as of 2023, there were 261 mortgage originations in Medway, MA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Medway, MA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	261
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Medway, MA

As of 2024, the percent of homes in Medway, MA under the Section 8 program is 5.0%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Medway, MA, because HUD payments exceed market rent, while 2-bedroom units do not.

Section 8 Market Size

Total Units under HUD	144
Total Units Section 8	44
% Rentals under Section 8	5.0%
% Occupied Section 8	95.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$140	$2,000	$2,140
2 Bedroom	-$150	$2,700	$2,550
3 Bedroom	$180	$2,900	$3,080
4 Bedroom	$390	$3,000	$3,390

Medway, MA—02053

Key Metrics at a Glance

Home Price Trends — Medway, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Medway, MA

% of Rental Stock

Property Listings — Medway, MA

Demographics — Medway, MA

Race and Ethnicity

Mortgage and Risk — Medway, MA

Mortgages

Rentals and Section 8 — Medway, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Medway, MA

Home Price to Income Ratio

Medway, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Holliston, MA

Millis, MA

Franklin, MA

Bellingham, MA

Milford, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$701,000
Median Household Income	$174,000

Medway, MA—02053

Key Metrics at a Glance

Home Price Trends — Medway, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Medway, MA

% of Rental Stock

Property Listings — Medway, MA

Demographics — Medway, MA

Race and Ethnicity

Mortgage and Risk — Medway, MA

Mortgages

Rentals and Section 8 — Medway, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Medway, MA

Home Price to Income Ratio

Medway, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Holliston, MA

Millis, MA

Franklin, MA

Bellingham, MA

Milford, MA

Frequently Asked Questions

What is the average home price in Medway, MA 02053?

How have home prices in Medway, MA 02053 changed over the past year?

What is the home price projection for Medway, MA 02053?

What are the demographics of Medway, MA 02053?

How long does it take homes to sell in Medway, MA 02053?

What is the average rent price in Medway, MA 02053?