Revere, MA—02151
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Revere, MA
As of Nov '25, the median home price in Revere, MA is $601,000, with a year-over-year change of 0.7%. This indicates that home prices in Revere, MA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $601,000 | 0.7% |
| Single Family | $662,000 | 0.9% |
| Condos | $467,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $358,000 | -1.4% |
2 Bed | $515,000 | -0.4% |
3 Bed | $651,000 | 0.6% |
4 Bed | $732,000 | 1.1% |
| 5 Bed | $804,325 | 1.2% |
% of Housing Stock
Rental Trends — Revere, MA
As of July '25, Rentcast reports the average rent in Revere, MA is $2,830, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Revere, MA is studios: $2,170, 1-bedrooms: $2,530, 2-bedrooms: $3,150, 3-bedrooms: $3,480, 4-bedrooms: $3,880. The most common rental property sizes in Revere, MA are 2-bedroom and 1-bedroom, accounting for 39.1% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,720 | $2,830 |
| Studio Rent | $2,200 | $2,170 |
| 1 Bed Rent | $2,580 | $2,530 |
| 2 Bed Rent | $3,100 | $3,150 |
| 3 Bed Rent | $3,500 | $3,480 |
| 4 Bed Rent | $3,450 | $3,880 |
% of Rental Stock
Property Listings — Revere, MA
As of Nov '25, Realtor.com reports that the median days on market for a home in Revere, MA is 39. This is a increase of 5.0% 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 58.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 3.0% |
Listing Count | 55 | 16.0% |
| Listings as % of Homes | 0.1% | 16.0% |
Days on Market | 39 | 5.0% |
Demographics — Revere, MA
As of the latest ACS Survey released in 2023, Revere, MA has a population of 59,900, which has increased by 11.1% over the past 5 years. Revere, MA is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,900 | 11.1% |
% Under 18 | 20.2% | 2.0% |
% Seniors | 15.4% | 3.4% |
% WFH | 8.0% | 281.0% |
% w/ College Degree | 24.7% | 17.1% |
As of the latest ACS Survey released in 2023, Revere, MA is a predominantly white area, with 47.9% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Revere, MA is hispanic, making up 38.6% of the population. Foreign-born residents account for 43.6% of the population in Revere, MA, and this percentage has increased by 12.7% 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 | 47.9% | -12.1% |
% Black | 4.9% | -14.0% |
% Hispanic | 38.6% | 18.8% |
% Asian | 4.2% | -10.6% |
% Foreign Born | 43.6% | 12.7% |
Mortgage and Risk — Revere, MA
According to HUD data as of 2023, there were 510 mortgage originations in Revere, MA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Revere, MA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 510 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Revere, MA
As of 2024, the percent of homes in Revere, MA under the Section 8 program is 13.5%. 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 Revere, 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 | 1,646 |
Total Units Section 8 | 1,442 |
% Rentals under Section 8 | 13.5% |
% Occupied Section 8 | 94.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$440 | $2,580 | $2,140 |
| 2 Bedroom | -$550 | $3,100 | $2,550 |
| 3 Bedroom | -$420 | $3,500 | $3,080 |
| 4 Bedroom | -$60 | $3,450 | $3,390 |
Affordability — Revere, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $601,000 |
| Median Household Income | $80,900 |