Fitchburg, Massachusetts Housing Market Prices
Fitchburg 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 41% below the Massachusetts median$289,769
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Median rent 31% below the Massachusetts median$1,221
Housing Market Overview
| Metric | Fitchburg | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $289,769 | $494,523 | $248,835 |
| Price Trend (Annual %) | 9.4% | 6.6% | 7.5% |
| Median Gross Rent | $1,221 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fitchburg is about 41% lower than in Massachusetts. Rent is about 31% lower 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 Fitchburg, up about 9.4% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Fitchburg rose about 42.6% between 2015 and 2024, from $856 to $1,221. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Fitchburg.
Buying the median-priced home in Fitchburg costs roughly 19.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Fitchburg. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Fitchburg | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $289,769 | $494,523 | $248,835 |
| Median Household Income | $72,652 | $104,336 | $80,455 |
| Price-to-Income Ratio | 4.0 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fitchburg rose about 93.2%, while median household income rose about 42.9% 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 | Fitchburg | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.8% | 57.5% | 58.5% |
| Rental Rate | 43.1% | 34.4% | 31.2% |
| Vacancy Rate | 6.1% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Fitchburg has a homeownership rate of 50.8%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 6.1%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Fitchburg | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1953 | 1963 | 1978 |
| Median Number of Rooms | 5.1 | 5.5 | 5.5 |
The typical housing unit in Fitchburg was built around 1953. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fitchburg, Massachusetts.
What is the median home price in Fitchburg, Massachusetts?
The median home price in Fitchburg, Massachusetts is $289,769, lower than the Massachusetts average of $494,523.
What is the average home price in Fitchburg, Massachusetts?
The typical home price in Fitchburg, Massachusetts, reported as the median sale price, is $289,769. 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 Fitchburg, Massachusetts?
The median gross rent in Fitchburg, Massachusetts is $1,221 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Fitchburg in 2020?
In 2020, the median gross rent in Fitchburg, Massachusetts was $963 per month.
What is the price-to-rent ratio in Fitchburg, Massachusetts?
The price-to-rent ratio in Fitchburg, Massachusetts is about 19.8, meaning it would take roughly 19.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Fitchburg.
Are home prices or rent rising faster in Fitchburg, Massachusetts?
Both home prices and rent are rising in Fitchburg, up about 9.4% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fitchburg, Massachusetts?
50.8% of households in Fitchburg, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Fitchburg, Massachusetts?
The housing vacancy rate in Fitchburg, Massachusetts is 6.1%, lower than the Massachusetts average of 8.1%.
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