Chelsea, MA 02150 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Chelsea, MA—02150

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$527,000

0.1% YoY Growth

Household Income

$72,100

35.2% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

-0.2%

Median Rent

$2,650

5.8% YoY Growth

1-Bed Rent

$2,550

1.9% YoY Growth

2-Bed Rent

$3,170

3.1% YoY Growth

3-Bed Rent

$3,250

3.2% YoY Growth

Home Price Trends — Chelsea, MA

As of May '26, the median home price in Chelsea, MA is $527,000, with a year-over-year change of -0.1%. This indicates that home prices in Chelsea, MA are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$527,000	-0.1%
Single Family	$660,000	0.5%
Condos	$456,000	-2.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Chelsea, MA

As of July '25, Rentcast reports the average rent in Chelsea, MA is $2,750, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Chelsea, MA is studios: $2,100, 1-bedrooms: $2,580, 2-bedrooms: $3,120, 3-bedrooms: $3,290, 4-bedrooms: $3,620. The most common rental property sizes in Chelsea, MA are 2-bedroom and 3-bedroom, accounting for 29.7% and 26.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,650	$2,750
Studio Rent	$2,310	$2,100
1 Bed Rent	$2,550	$2,580
2 Bed Rent	$3,170	$3,120
3 Bed Rent	$3,250	$3,290
4 Bed Rent	$3,250	$3,620

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% of Rental Stock

Studio

13.0%

1 Bedroom

24.4%

2 Bedrooms

29.7%

3 Bedrooms

26.5%

4 Bedrooms

5.9%

5+ Bedrooms

0.4%

Property Listings — Chelsea, MA

As of May '26, Realtor.com reports that the median days on market for a home in Chelsea, MA is 38. This is a increase of 25.0% 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	$490,000	-5.0%
Listing Count	56	36.0%
Listings as % of Homes	0.1%	36.0%
Days on Market	38	25.0%

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Demographics — Chelsea, MA

As of the latest ACS Survey released in 2023, Chelsea, MA has a population of 39,400, which has remained stable by -1.0% over the past 5 years. Chelsea, MA is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	39,400	-1.0%
% Under 18	24.5%	-5.4%
% Seniors	11.2%	25.8%
% WFH	9.6%	380.0%
% w/ College Degree	22.0%	25.7%

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As of the latest ACS Survey released in 2023, Chelsea, MA is a predominantly hispanic area, with 65.0% of the population identifying as hispanic. The hispanic population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Chelsea, MA is white, making up 19.5% of the population. Foreign-born residents account for 45.2% of the population in Chelsea, MA, and this percentage has decreased by 0.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	19.5%	-9.3%
% Black	7.0%	1.4%
% Hispanic	65.0%	-2.8%
% Asian	2.9%	-9.4%
% Foreign Born	45.2%	-0.9%

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Mortgage and Risk — Chelsea, MA

According to HUD data as of 2023, there were 220 mortgage originations in Chelsea, MA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Chelsea, MA. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	220
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	6.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Chelsea, MA

As of 2024, the percent of homes in Chelsea, MA under the Section 8 program is 15.9%. This is considered high, suggesting that the neighborhood is heavily 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 Chelsea, 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	1,955
Total Units Section 8	1,514
% Rentals under Section 8	15.9%
% Occupied Section 8	93.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$410	$2,550	$2,140
2 Bedroom	-$620	$3,170	$2,550
3 Bedroom	-$170	$3,250	$3,080
4 Bedroom	$140	$3,250	$3,390

Chelsea, MA—02150

Key Metrics at a Glance

Home Price Trends — Chelsea, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chelsea, MA

% of Rental Stock

Property Listings — Chelsea, MA

Demographics — Chelsea, MA

Race and Ethnicity

Mortgage and Risk — Chelsea, MA

Mortgages

Rentals and Section 8 — Chelsea, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Chelsea, MA

Home Price to Income Ratio

Chelsea, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Everett, MA

East Boston, Boston, MA

Charlestown, Boston, MA

Revere, MA

North End, Boston, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.7
Median Home Price	$527,000
Median Household Income	$72,100

Chelsea, MA—02150

Key Metrics at a Glance

Home Price Trends — Chelsea, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chelsea, MA

% of Rental Stock

Property Listings — Chelsea, MA

Demographics — Chelsea, MA

Race and Ethnicity

Mortgage and Risk — Chelsea, MA

Mortgages

Rentals and Section 8 — Chelsea, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Chelsea, MA

Home Price to Income Ratio

Chelsea, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Everett, MA

East Boston, Boston, MA

Charlestown, Boston, MA

Revere, MA

North End, Boston, MA

Frequently Asked Questions

What is the average home price in Chelsea, MA 02150?

How have home prices in Chelsea, MA 02150 changed over the past year?

What is the home price projection for Chelsea, MA 02150?

What are the demographics of Chelsea, MA 02150?

How long does it take homes to sell in Chelsea, MA 02150?

What is the average rent price in Chelsea, MA 02150?