Newton, Massachusetts Housing Market Prices
Newton 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 121% above the Massachusetts median$1,092,024
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Median rent 35% above the Massachusetts median$2,369
Housing Market Overview
| Metric | Newton | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,092,024 | $494,523 | $248,835 |
| Price Trend (Annual %) | 17.9% | 6.6% | 7.5% |
| Median Gross Rent | $2,369 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newton is about 121% higher than in Massachusetts. Rent is about 35% 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 Newton, up about 17.9% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Newton rose about 39.1% between 2015 and 2024, from $1,703 to $2,369. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Newton.
Buying the median-priced home in Newton costs roughly 38.4 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 Newton. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Newton | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,092,024 | $494,523 | $248,835 |
| Median Household Income | $190,683 | $104,336 | $80,455 |
| Price-to-Income Ratio | 5.7 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newton rose about 206.9%, while median household income rose about 74.4% 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 | Newton | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 57.5% | 58.5% |
| Rental Rate | 28.5% | 34.4% | 31.2% |
| Vacancy Rate | 5.2% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Newton has a homeownership rate of 66.4%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 5.2%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Newton | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1948 | 1963 | 1978 |
| Median Number of Rooms | 6.7 | 5.5 | 5.5 |
The typical housing unit in Newton was built around 1948. On average, 2.6 people live in a home with about 6.7 rooms, staying for about 15.0 years on average.
Newton, MA Housing Compared With Nearby Cities
How Newton, MA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Newton, MA | 88,909 | $1,092,024 #2/3 | $2,369 #2/3 | 70.0% #1/3 |
| Waltham, MA | 64,842 | $637,278 | $2,267 | 49.7% |
| Brookline, MA | 63,198 | $1,239,921 | $2,834 | 46.8% |
Frequently Asked Questions
Common questions about the housing market in Newton, Massachusetts.
What is the median home price in Newton, Massachusetts?
The median home price in Newton, Massachusetts is $1,092,024, higher than the Massachusetts average of $494,523.
What is the average home price in Newton, Massachusetts?
The typical home price in Newton, Massachusetts, reported as the median sale price, is $1,092,024. 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 Newton, Massachusetts?
The median gross rent in Newton, Massachusetts is $2,369 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Newton in 2020?
In 2020, the median gross rent in Newton, Massachusetts was $1,896 per month.
What is the price-to-rent ratio in Newton, Massachusetts?
The price-to-rent ratio in Newton, Massachusetts is about 38.4, meaning it would take roughly 38.4 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 Newton.
Are home prices or rent rising faster in Newton, Massachusetts?
Both home prices and rent are rising in Newton, up about 17.9% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Newton, Massachusetts?
66.4% of households in Newton, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Newton, Massachusetts?
The housing vacancy rate in Newton, Massachusetts is 5.2%, lower than the Massachusetts average of 8.1%.
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