Waltham, MA—02452
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waltham, MA
As of Nov '25, the median home price in Waltham, MA is $836,000, with a year-over-year change of 1.1%. This indicates that home prices in Waltham, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $836,000 | 1.1% |
| Single Family | $924,000 | 1.2% |
| Condos | $608,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $396,000 | -0.3% |
2 Bed | $689,000 | 1.8% |
3 Bed | $884,000 | 1.5% |
4 Bed | $1,118,000 | 1.8% |
| 5 Bed | $1,238,969 | 1.4% |
% of Housing Stock
Rental Trends — Waltham, MA
As of July '25, Rentcast reports the average rent in Waltham, MA is $3,030, with a year-over-year rent change of -11.4%. Per bedroom, the median rent as of July '25 in Waltham, MA is studios: $1,900, 1-bedrooms: $2,440, 2-bedrooms: $2,920, 3-bedrooms: $4,230, 4-bedrooms: $5,800. The most common rental property sizes in Waltham, MA are 2-bedroom and 1-bedroom, accounting for 59.0% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,030 |
| Studio Rent | $1,900 | $1,900 |
| 1 Bed Rent | $2,450 | $2,440 |
| 2 Bed Rent | $2,960 | $2,920 |
| 3 Bed Rent | $3,600 | $4,230 |
| 4 Bed Rent | $4,800 | $5,800 |
% of Rental Stock
Property Listings — Waltham, MA
As of Nov '25, Realtor.com reports that the median days on market for a home in Waltham, MA is 24. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter 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 | $760,000 | -14.0% |
Listing Count | 13 | 5.0% |
| Listings as % of Homes | 0.2% | 5.0% |
Days on Market | 24 | -8.0% |
Demographics — Waltham, MA
As of the latest ACS Survey released in 2023, Waltham, MA has a population of 16,200, which has increased by 5.8% over the past 5 years. Waltham, MA is a less popular place for families, as children make up 12.1% of the population. The area has a highly educated workforce, with 54.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,200 | 5.8% |
% Under 18 | 12.1% | -2.4% |
% Seniors | 15.7% | 13.8% |
% WFH | 20.9% | 211.9% |
% w/ College Degree | 54.3% | 2.6% |
As of the latest ACS Survey released in 2023, Waltham, MA is a predominantly white area, with 62.4% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Waltham, MA is hispanic, making up 14.0% of the population. Foreign-born residents account for 26.1% of the population in Waltham, MA, and this percentage has decreased by 1.5% 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 | 62.4% | -7.6% |
% Black | 9.0% | -10.9% |
% Hispanic | 14.0% | 75.0% |
% Asian | 11.0% | -8.3% |
% Foreign Born | 26.1% | -1.5% |
Mortgage and Risk — Waltham, MA
According to HUD data as of 2023, there were 102 mortgage originations in Waltham, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Waltham, MA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 102 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Rentals and Section 8 — Waltham, MA
As of 2024, the percent of homes in Waltham, MA under the Section 8 program is 7.9%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Waltham, MA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 262 |
Total Units Section 8 | 193 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $2,450 | $2,600 |
| 2 Bedroom | $120 | $2,960 | $3,080 |
| 3 Bedroom | $110 | $3,600 | $3,710 |
| 4 Bedroom | -$720 | $4,800 | $4,080 |
Affordability — Waltham, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $836,000 |
| Median Household Income | $113,000 |