Marblehead, Massachusetts Housing Market Prices
Marblehead 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 9% below the Massachusetts median$449,926
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Median rent About the same as the Massachusetts median$1,762
Housing Market Overview
| Metric | Marblehead | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,926 | $494,523 | $248,835 |
| Price Trend (Annual %) | 44.7% | 6.6% | 7.5% |
| Median Gross Rent | $1,762 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marblehead is about 9% lower than in Massachusetts. Rent follows a similar pattern, running close to 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 Marblehead, up about 44.7% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Marblehead rose about 42.0% between 2015 and 2024, from $1,241 to $1,762. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Marblehead.
Buying the median-priced home in Marblehead costs roughly 21.3 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 Marblehead. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Marblehead | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,926 | $494,523 | $248,835 |
| Median Household Income | $185,173 | $104,336 | $80,455 |
| Price-to-Income Ratio | 2.4 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marblehead fell about 5.1%, while median household income rose about 81.9% 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 | Marblehead | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.6% | 57.5% | 58.5% |
| Rental Rate | 13.5% | 34.4% | 31.2% |
| Vacancy Rate | 8.9% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Marblehead has a homeownership rate of 77.6%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 8.9%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Marblehead | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1949 | 1963 | 1978 |
| Median Number of Rooms | 7.0 | 5.5 | 5.5 |
The typical housing unit in Marblehead was built around 1949. On average, 2.5 people live in a home with about 7.0 rooms, staying for about 17.0 years on average.
Marblehead, MA Housing Compared With Nearby Cities
How Marblehead, MA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marblehead, MA | 20,308 | $449,926 #1/2 | $1,762 #1/2 | 85.2% #1/2 |
| Lynn, MA | 101,709 | $79,137 | $1,722 | 48.1% |
Frequently Asked Questions
Common questions about the housing market in Marblehead, Massachusetts.
What is the median home price in Marblehead, Massachusetts?
The median home price in Marblehead, Massachusetts is $449,926, lower than the Massachusetts average of $494,523.
What is the average home price in Marblehead, Massachusetts?
The typical home price in Marblehead, Massachusetts, reported as the median sale price, is $449,926. 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 Marblehead, Massachusetts?
The median gross rent in Marblehead, Massachusetts is $1,762 per month, about the same as the Massachusetts average.
What was the median gross rent in Marblehead in 2020?
In 2020, the median gross rent in Marblehead, Massachusetts was $1,560 per month.
What is the price-to-rent ratio in Marblehead, Massachusetts?
The price-to-rent ratio in Marblehead, Massachusetts is about 21.3, meaning it would take roughly 21.3 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 Marblehead.
Are home prices or rent rising faster in Marblehead, Massachusetts?
Both home prices and rent are rising in Marblehead, up about 44.7% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marblehead, Massachusetts?
77.6% of households in Marblehead, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Marblehead, Massachusetts?
The housing vacancy rate in Marblehead, Massachusetts is 8.9%, higher than the Massachusetts average of 8.1%.
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