Middlesex County, Massachusetts Housing Market

In Middlesex County, Massachusetts, the median home value is $727,800, with a median monthly rent of $2,201. This places Middlesex County at #45 nationally out of 3134 counties by median home value, and #3 within Massachusetts.

Median Home Value $727,800
Median Rent $2,201/mo
Owner Occupancy 61.3%
Price/Rent Ratio 27.6

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Middlesex County rose +3.6% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

811,193
jobs (private sector)
  • Avg weekly wage: $2,343
  • Establishments: 58,518
  • BLS QCEW, 2025
🏗️

Housing Supply

2,341
new units authorized (2025)
  • Single-family: 862
  • Multi-family: 1,479
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

-1231
net migration (filers, 2021-2022)
  • Inflow: 686,501 (avg $180,726)
  • Outflow: 687,732 (avg $182,432)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 10 active ZIP codes in Middlesex County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 02421 249.0 -6.49% 2025
2 01770 245.8 +14.61% 2025
3 02459 282.7 -2.84% 2025
4 01474 246.9 +6.00% 2025
5 01741 239.8 +3.09% 2025
6 02420 295.1 +14.43% 2025
7 02461 245.6 -11.60% 2025
8 02478 255.8 -7.70% 2025
9 01863 306.8 +8.74% 2025
10 01778 260.9 +3.08% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Middlesex County Compares

MetricMiddlesex CountyMassachusetts AverageU.S. Average
Median Home Value $727,800 $634,257 $227,706
Median Gross Rent $2,201 $1,615 $968
Owner Occupancy Rate 61.3% 67.2% 73.3%
Price/Rent Ratio 27.6 32.3 18.7

Market Analysis

The median home value in Middlesex County is 14.7% above the Massachusetts state average and 219.6% above the U.S. national average. The median rent of $2,201/month is 36.3% above the state average.

With a price-to-rent ratio of 27.6, Middlesex County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.

Middlesex County has an owner-occupancy rate of 61.3%, compared to 67.2% in Massachusetts and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Queens County New York $723,800 $1,956
Fairfax County Virginia $732,800 $2,276
Fairfax city Virginia $722,600 $2,245
San Miguel County Colorado $720,700 $1,149
Alexandria city Virginia $735,100 $2,089

Other Counties in Massachusetts

CountyMedian Home ValueMedian RentOwner Occ.
Suffolk County $705,800 $2,129 36.5%
Norfolk County $683,900 $2,149 68.7%
Barnstable County $629,000 $1,678 81.1%
Essex County $619,100 $1,756 63.5%
Plymouth County $556,000 $1,747 77.6%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).