Waltham, MA—02453
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 $787,000, with a year-over-year change of 1.9%. This indicates that home prices in Waltham, MA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $787,000 | 1.9% |
| Single Family | $839,000 | 1.7% |
| Condos | $578,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $424,000 | 1.9% |
2 Bed | $626,000 | 3.3% |
3 Bed | $824,000 | 1.7% |
4 Bed | $919,000 | 1.8% |
| 5 Bed | $1,022,884 | 2.8% |
% of Housing Stock
Rental Trends — Waltham, MA
As of July '25, Rentcast reports the average rent in Waltham, MA is $3,260, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Waltham, MA is studios: $2,130, 1-bedrooms: $2,680, 2-bedrooms: $3,200, 3-bedrooms: $3,630, 4-bedrooms: $4,690. The most common rental property sizes in Waltham, MA are 2-bedroom and 1-bedroom, accounting for 43.2% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,260 |
| Studio Rent | $2,000 | $2,130 |
| 1 Bed Rent | $2,800 | $2,680 |
| 2 Bed Rent | $3,310 | $3,200 |
| 3 Bed Rent | $3,600 | $3,630 |
| 4 Bed Rent | $4,800 | $4,690 |
% 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 45. This is a increase of 72.0% 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 63.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $834,000 | -25.0% |
Listing Count | 19 | -7.0% |
| Listings as % of Homes | 0.1% | -7.0% |
Days on Market | 45 | 72.0% |
Demographics — Waltham, MA
As of the latest ACS Survey released in 2023, Waltham, MA has a population of 30,300, which has increased by 5.0% over the past 5 years. Waltham, MA is a less popular place for families, as children make up 13.3% of the population. The area has a highly educated workforce, with 58.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,300 | 5.0% |
% Under 18 | 13.3% | -11.9% |
% Seniors | 13.9% | 17.8% |
% WFH | 21.2% | 381.8% |
% w/ College Degree | 58.5% | 10.0% |
As of the latest ACS Survey released in 2023, Waltham, MA is a predominantly white area, with 57.3% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Waltham, MA is hispanic, making up 20.9% of the population. Foreign-born residents account for 24.8% of the population in Waltham, MA, and this percentage has decreased by 16.2% 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 | 57.3% | -8.3% |
% Black | 6.6% | -8.3% |
% Hispanic | 20.9% | 8.9% |
% Asian | 11.7% | 20.6% |
% Foreign Born | 24.8% | -16.2% |
Mortgage and Risk — Waltham, MA
According to HUD data as of 2023, there were 271 mortgage originations in Waltham, MA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Waltham, MA. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 271 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Rentals and Section 8 — Waltham, MA
As of 2024, the percent of homes in Waltham, MA under the Section 8 program is 6.3%. 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 Waltham, 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 | 609 |
Total Units Section 8 | 462 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 96.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $2,800 | $2,410 |
| 2 Bedroom | -$450 | $3,310 | $2,860 |
| 3 Bedroom | -$150 | $3,600 | $3,450 |
| 4 Bedroom | -$1,010 | $4,800 | $3,790 |
Affordability — Waltham, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $787,000 |
| Median Household Income | $114,000 |