Revere, MA 02151 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Revere, MA—02151

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$620,000

0.3% YoY Growth

Household Income

$80,900

47.2% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

0.1%

Median Rent

$2,720

4.7% YoY Growth

1-Bed Rent

$2,580

2.7% YoY Growth

2-Bed Rent

$3,100

1.3% YoY Growth

3-Bed Rent

$3,500

2.4% YoY Growth

Home Price Trends — Revere, MA

As of May '26, the median home price in Revere, MA is $620,000, with a year-over-year change of 0.3%. This indicates that home prices in Revere, MA are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$620,000	0.3%
Single Family	$689,000	0.4%
Condos	$471,000	-1.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

8.7%

1 Bedroom

32.4%

2 Bedrooms

39.1%

3 Bedrooms

16.3%

4 Bedrooms

2.9%

5+ Bedrooms

0.6%

Property Listings — Revere, MA

As of May '26, Realtor.com reports that the median days on market for a home in Revere, MA is 30. This is a increase of 2.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$535,000	-2.0%
Listing Count	105	37.0%
Listings as % of Homes	0.1%	37.0%
Days on Market	30	2.0%

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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%

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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%

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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%

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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

Revere, MA—02151

Key Metrics at a Glance

Home Price Trends — Revere, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Revere, MA

% of Rental Stock

Property Listings — Revere, MA

Demographics — Revere, MA

Race and Ethnicity

Mortgage and Risk — Revere, MA

Mortgages

Rentals and Section 8 — Revere, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Revere, MA

Home Price to Income Ratio

Revere, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Chelsea, MA

East Boston, Boston, MA

Winthrop, MA

Saugus, MA

Everett, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.8
Median Home Price	$620,000
Median Household Income	$80,900

Revere, MA—02151

Key Metrics at a Glance

Home Price Trends — Revere, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Revere, MA

% of Rental Stock

Property Listings — Revere, MA

Demographics — Revere, MA

Race and Ethnicity

Mortgage and Risk — Revere, MA

Mortgages

Rentals and Section 8 — Revere, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Revere, MA

Home Price to Income Ratio

Revere, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Chelsea, MA

East Boston, Boston, MA

Winthrop, MA

Saugus, MA

Everett, MA

Frequently Asked Questions

What is the average home price in Revere, MA 02151?

How have home prices in Revere, MA 02151 changed over the past year?

What is the home price projection for Revere, MA 02151?

What are the demographics of Revere, MA 02151?

How long does it take homes to sell in Revere, MA 02151?

What is the average rent price in Revere, MA 02151?