Hanson, MA02341

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$591,000
2.7% YoY Growth
Median Household Income
$112,000
14.1% 5-Year Growth
Days on Market
N/A
N/A
Home Price Forecast
1.1%
Median Rent
$3,000
69.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$3,000
21.7% YoY Growth

Property Listings — Hanson, MA

As of Aug '25 and according to Realtor.com, the median days on market for a home in Hanson, MA is NA. This is an insufficient data of NA from last year. This indicates that homes are sitting on the market insufficient data to determine a trend than last year. The percentage of listed homes with a reduced price is NA. This is an unknown percentage of inventory, suggesting unknown supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
N/AN/A
Listing Count
N/AN/A
Listings as % of Homes0.2%N/A
Days on Market
N/AN/A
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Demographics — Hanson, MA

MetricLatest CensusYoY % Change
Population
10,500-1.9%
% Under 18
21.7%16.7%
% Under 5N/AN/A
% Seniors
19.7%22.4%
% WFH
6.9%27.8%
% w/ College Degree
39.0%21.1%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
88.2%-6.2%
% Black
0.4%-50.0%
% Hispanic
1.8%20.0%
% Asian
3.4%100.0%
% Foreign Born
5.8%38.1%
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Mortgage and Risk — Hanson, MA

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Hanson, MA in that year was 201. 86.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 50.0%. Of those, 22.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Hanson, MA. Investor activity in Hanson, MA is low, as 0.0% of all loans are originated by investors. In 2023, 9.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
201N/AN/A
% Conventional Loans
86.0%N/AN/A
% Government Loans
14.0%N/AN/A
% Investor Loans
0.0%N/AN/A
% Second Loans
0.0%N/AN/A
% Cash Out Refinance
9.0%N/AN/A
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Rentals and Section 8 — Hanson, MA

As of 2024, the percent of homes in Hanson, MA under the Section 8 program is 6.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
35
Total Units Section 8
29
% Rentals under Section 8
6.8%
% Occupied Section 8
95.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$2,290
2 BedroomN/AN/A$2,990
3 Bedroom$790$3,000$3,790
4 BedroomN/AN/A$4,100

Affordability — Hanson, MA

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio4.6N/AN/A
Median Home Price$591,000N/AN/A
Median Household Income$112,000N/AN/A

Hanson, MA — ZIP Code Boundary Map

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