Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$655,219+2.3% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$142,038About 1.4× the local median income ($104,569): a stretch for a typical household
Days on market44 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.6%Zillow expects prices to rise slightly
The typical home in Massachusetts is worth $655,219, up 2.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $594,250, so the area is 10.3% overvalued. It is a balanced market, leaning toward buyers: homes take about 44 days to sell, listings are up 25% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 1.6% over the next year. A household needs about $142,038 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $104,569. In the latest IRS figures, 30,500 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$655,219
Change in 1 year
+2.3%
Overvalued %
+10.3%
Show 7 more
Fair home value
$594,250
Change in 5 years
+25.7%
Zillow forecast, next 12 months
+1.6%
Home value to income
6.3×
Monthly mortgage payment (20% down)
$3,551
Income needed to afford it
$142,038
Property tax rate
1.07%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$2,576
Market activity
Listings vs a year ago
+25.2%
Days on market
44
Listings with a price cut
21.6%
Show 3 more
Homes for sale
15,119
Pending sales per 100 listings
52
Asking price per sq ft
$407
People and jobs
Median household income
$104,569
Population change (1 year)
+0.2%
Unemployment rate
5.2%
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Population
7,154,084
Income adjusted for cost of living
$98,836
Net moves in (IRS)
−30,500
Cost of living (US = 100)
105.8
Schools, risk and environment
FEMA hazard risk score (0 to 100)
92.3
Unhealthy air days a year
2
Flood risk score
95.3
Show 3 more
Wildfire risk score
51.1
Walkability (1 to 20)
11.2
Road, rail and air noise
54 dB
Questions people ask
Is Massachusetts overvalued?
Home prices in Massachusetts are well above what local incomes have historically supported: fair value is about $594,250, so the area is 10.3% overvalued.
Is Massachusetts a buyer's or seller's market?
Massachusetts is a balanced market, leaning toward buyers: homes take about 44 days to sell, listings are up 25% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Massachusetts?
Home values in Massachusetts are up 2.3% over the last year. Zillow's forecast for the next 12 months is +1.6%.
How much do you need to earn to buy a home in Massachusetts?
A household needs about $142,038 a year to afford the typical home in Massachusetts at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $104,569.