Methuen, Massachusetts Housing Market Prices
Methuen 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 11% above the Massachusetts median$547,619
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Median rent 1% below the Massachusetts median$1,748
Housing Market Overview
| Metric | Methuen | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $547,619 | $494,523 | $248,835 |
| Price Trend (Annual %) | 13.5% | 6.6% | 7.5% |
| Median Gross Rent | $1,748 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Methuen is about 11% higher than in Massachusetts. Rent is about 1% 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 Methuen, up about 13.5% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Methuen rose about 63.3% between 2015 and 2024, from $1,070 to $1,748. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Methuen.
Buying the median-priced home in Methuen costs roughly 26.1 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 Methuen. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Methuen | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $547,619 | $494,523 | $248,835 |
| Median Household Income | $111,921 | $104,336 | $80,455 |
| Price-to-Income Ratio | 4.9 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Methuen rose about 148.5%, while median household income rose about 62.6% 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 | Methuen | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.5% | 57.5% | 58.5% |
| Rental Rate | 26.9% | 34.4% | 31.2% |
| Vacancy Rate | 2.6% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Methuen has a homeownership rate of 70.5%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 2.6%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Methuen | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1967 | 1963 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Methuen was built around 1967. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Methuen, MA Housing Compared With Nearby Cities
How Methuen, MA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Methuen, MA | 53,422 | $547,619 #1/3 | $1,748 #1/3 | 72.3% #1/3 |
| Haverhill, MA | 67,679 | $60,217 | $1,668 | 62.8% |
| Lowell, MA | 118,320 | $510,000 | $1,625 | 43.2% |
Frequently Asked Questions
Common questions about the housing market in Methuen, Massachusetts.
What is the median home price in Methuen, Massachusetts?
The median home price in Methuen, Massachusetts is $547,619, higher than the Massachusetts average of $494,523.
What is the average home price in Methuen, Massachusetts?
The typical home price in Methuen, Massachusetts, reported as the median sale price, is $547,619. 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 Methuen, Massachusetts?
The median gross rent in Methuen, Massachusetts is $1,748 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Methuen in 2020?
In 2020, the median gross rent in Methuen, Massachusetts was $1,276 per month.
What is the price-to-rent ratio in Methuen, Massachusetts?
The price-to-rent ratio in Methuen, Massachusetts is about 26.1, meaning it would take roughly 26.1 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 Methuen.
Are home prices or rent rising faster in Methuen, Massachusetts?
Both home prices and rent are rising in Methuen, up about 13.5% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Methuen, Massachusetts?
70.5% of households in Methuen, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Methuen, Massachusetts?
The housing vacancy rate in Methuen, Massachusetts is 2.6%, lower than the Massachusetts average of 8.1%.
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