Dedham, Massachusetts Housing Market Prices
Dedham Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 10% above the Massachusetts median$545,348
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Median rent 16% above the Massachusetts median$2,042
Housing Market Overview
| Metric | Dedham | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $545,348 | $494,523 | $248,835 |
| Price Trend (Annual %) | 1.4% | 6.6% | 7.5% |
| Median Gross Rent | $2,042 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dedham is about 10% higher than in Massachusetts. Rent is about 16% higher than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Dedham, up about 1.4% and 4.4% a year respectively. Rent is changing faster.
Median rent in Dedham rose about 37.8% between 2015 and 2024, from $1,481 to $2,042. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Dedham.
Buying the median-priced home in Dedham costs roughly 22.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Dedham. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Dedham | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $545,348 | $494,523 | $248,835 |
| Median Household Income | $131,420 | $104,336 | $80,455 |
| Price-to-Income Ratio | 4.1 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Dedham fell about 37.6%, while median household income rose about 60.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Dedham | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.4% | 57.5% | 58.5% |
| Rental Rate | 25.9% | 34.4% | 31.2% |
| Vacancy Rate | 2.8% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Dedham has a homeownership rate of 71.4%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 2.8%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Dedham | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1955 | 1963 | 1978 |
| Median Number of Rooms | 6.1 | 5.5 | 5.5 |
The typical housing unit in Dedham was built around 1955. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Dedham, MA Housing Compared With Nearby Cities
How Dedham, MA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Dedham, MA | 25,193 | $545,348 #3/3 | $2,042 #3/3 | 73.4% #1/3 |
| Brookline, MA | 63,198 | $1,239,921 | $2,834 | 46.8% |
| Newton, MA | 88,909 | $1,092,024 | $2,369 | 70.0% |
Frequently Asked Questions
Common questions about the housing market in Dedham, Massachusetts.
What is the median home price in Dedham, Massachusetts?
The median home price in Dedham, Massachusetts is $545,348, higher than the Massachusetts average of $494,523.
What is the average home price in Dedham, Massachusetts?
The typical home price in Dedham, Massachusetts, reported as the median sale price, is $545,348. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Dedham, Massachusetts?
The median gross rent in Dedham, Massachusetts is $2,042 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Dedham in 2020?
In 2020, the median gross rent in Dedham, Massachusetts was $1,822 per month.
What is the price-to-rent ratio in Dedham, Massachusetts?
The price-to-rent ratio in Dedham, Massachusetts is about 22.3, meaning it would take roughly 22.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Dedham.
Are home prices or rent rising faster in Dedham, Massachusetts?
Both home prices and rent are rising in Dedham, up about 1.4% and 4.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Dedham, Massachusetts?
71.4% of households in Dedham, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Dedham, Massachusetts?
The housing vacancy rate in Dedham, Massachusetts is 2.8%, lower than the Massachusetts average of 8.1%.
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