Pembroke, MA—02359
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pembroke, MA
As of Oct '25, the median home price in Pembroke, MA is $645,000, with a year-over-year change of 2.8%. This indicates that home prices in Pembroke, MA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $645,000 | 2.8% |
| Single Family | $656,000 | 3.0% |
| Condos | $477,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $422,000 | 1.0% |
2 Bed | $492,000 | 2.7% |
3 Bed | $630,000 | 2.9% |
4 Bed | $845,000 | 3.2% |
| 5 Bed | $921,000 | 2.8% |
% of Housing Stock
Rental Trends — Pembroke, MA
As of July '25, Rentcast reports the average rent in Pembroke, MA is $3,530, with a year-over-year rent change of -11.3%. Per bedroom, the median rent as of July '25 in Pembroke, MA is 1-bedrooms: $2,570, 2-bedrooms: $2,950, 3-bedrooms: $4,800, 4-bedrooms: $3,800. The most common rental property sizes in Pembroke, MA are 1-bedroom and 2-bedroom, accounting for 49.3% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,570 | $2,570 |
| 2 Bed Rent | $2,950 | $2,950 |
| 3 Bed Rent | $4,800 | $4,800 |
| 4 Bed Rent | $3,800 | $3,800 |
% of Rental Stock
Property Listings — Pembroke, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pembroke, MA is 39. This is a increase of 19.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $655,000 | -5.0% |
Listing Count | 26 | 19.0% |
| Listings as % of Homes | 0.1% | 19.0% |
Days on Market | 39 | 19.0% |
Demographics — Pembroke, MA
As of the latest ACS Survey released in 2023, Pembroke, MA has a population of 18,300, which has remained stable by 0.2% over the past 5 years. Pembroke, MA is a moderately popular place for families, as children make up 19.8% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | 0.2% |
% Under 18 | 19.8% | -8.3% |
% Seniors | 18.8% | 26.2% |
% WFH | 17.9% | 336.6% |
% w/ College Degree | 45.7% | 18.7% |
As of the latest ACS Survey released in 2023, Pembroke, MA is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Pembroke, MA is hispanic, making up 2.0% of the population. Foreign-born residents account for 3.5% of the population in Pembroke, MA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.0% | -1.1% |
% Black | 0.5% | 0.0% |
% Hispanic | 2.0% | 53.8% |
% Asian | 1.4% | -6.7% |
% Foreign Born | 3.5% | 0.0% |
Mortgage and Risk — Pembroke, MA
According to HUD data as of 2023, there were 343 mortgage originations in Pembroke, MA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Pembroke, MA. Investor activity is low, as 0.0% 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 | 343 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Pembroke, MA
As of 2024, the percent of homes in Pembroke, MA under the Section 8 program is 10.1%. 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 Pembroke, 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 | 128 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $2,570 | $2,310 |
| 2 Bedroom | -$210 | $2,950 | $2,740 |
| 3 Bedroom | -$1,500 | $4,800 | $3,300 |
| 4 Bedroom | -$170 | $3,800 | $3,630 |
Affordability — Pembroke, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $645,000 |
| Median Household Income | $141,000 |