Everett, Massachusetts Housing Market Prices
Everett 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 26% above the Massachusetts median$624,999
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Median rent 18% above the Massachusetts median$2,076
Housing Market Overview
| Metric | Everett | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,999 | $494,523 | $248,835 |
| Price Trend (Annual %) | 11.3% | 6.6% | 7.5% |
| Median Gross Rent | $2,076 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Everett is about 26% higher than in Massachusetts. Rent is about 18% 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 Everett, up about 11.3% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Everett rose about 68.3% between 2015 and 2024, from $1,234 to $2,076. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 7.3 yearly household incomes in Everett.
Buying the median-priced home in Everett costs roughly 25.1 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 Everett. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Everett | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,999 | $494,523 | $248,835 |
| Median Household Income | $85,158 | $104,336 | $80,455 |
| Price-to-Income Ratio | 7.3 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Everett rose about 127.3%, while median household income rose about 59.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Everett | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 34.5% | 57.5% | 58.5% |
| Rental Rate | 58.2% | 34.4% | 31.2% |
| Vacancy Rate | 7.2% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Everett has a homeownership rate of 34.5%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 7.2%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Everett | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1948 | 1963 | 1978 |
| Median Number of Rooms | 4.8 | 5.5 | 5.5 |
The typical housing unit in Everett was built around 1948. On average, 2.9 people live in a home with about 4.8 rooms, staying for about 12.0 years on average.
Everett, MA Housing Compared With Nearby Cities
Everett, MA is the 4th largest of the 5 cities compared here, 49,993 residents against a local median of 62,643. Where Everett, MA breaks from the cities next to it is homeownership, sitting 22% below the local median of 47.7% at 37.2%. That is the weaker end of the local range on this measure.
The cities themselves spread 32.9% on homeownership, so Everett, MA sits at one end of an already wide local range rather than apart from it. Everett, MA has the 4th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Everett, MA | 49,993 | $624,999 #2/5 | $2,076 #4/5 | 37.2% #4/5 |
| Malden, MA | 66,048 | $556,837 | $2,203 | 41.3% |
| Melrose, MA | 29,648 | $870,192 | $1,969 | 67.2% |
| Somerville, MA | 81,027 | $545,588 | $2,519 | 34.2% |
| Medford, MA | 59,237 | $483,160 | $2,507 | 54.0% |
Frequently Asked Questions
Common questions about the housing market in Everett, Massachusetts.
What is the median home price in Everett, Massachusetts?
The median home price in Everett, Massachusetts is $624,999, higher than the Massachusetts average of $494,523.
What is the average home price in Everett, Massachusetts?
The typical home price in Everett, Massachusetts, reported as the median sale price, is $624,999. 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 Everett, Massachusetts?
The median gross rent in Everett, Massachusetts is $2,076 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Everett in 2020?
In 2020, the median gross rent in Everett, Massachusetts was $1,587 per month.
What is the price-to-rent ratio in Everett, Massachusetts?
The price-to-rent ratio in Everett, Massachusetts is about 25.1, meaning it would take roughly 25.1 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 Everett.
Are home prices or rent rising faster in Everett, Massachusetts?
Both home prices and rent are rising in Everett, up about 11.3% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Everett, Massachusetts?
34.5% of households in Everett, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Everett, Massachusetts?
The housing vacancy rate in Everett, Massachusetts is 7.2%, lower than the Massachusetts average of 8.1%.
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