Revere, Massachusetts Housing Market Prices
Revere 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 65% above the Massachusetts median$814,815
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Median rent 18% above the Massachusetts median$2,076
Housing Market Overview
| Metric | Revere | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $814,815 | $494,523 | $248,835 |
| Price Trend (Annual %) | 14.9% | 6.6% | 7.5% |
| Median Gross Rent | $2,076 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Revere is about 65% 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 Revere, up about 14.9% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Revere rose about 75.0% between 2015 and 2024, from $1,186 to $2,076. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 9.3 yearly household incomes in Revere.
Buying the median-priced home in Revere costs roughly 32.7 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 Revere. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Revere | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $814,815 | $494,523 | $248,835 |
| Median Household Income | $87,346 | $104,336 | $80,455 |
| Price-to-Income Ratio | 9.3 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Revere rose about 190.7%, while median household income rose about 62.3% 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 | Revere | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.9% | 57.5% | 58.5% |
| Rental Rate | 50.0% | 34.4% | 31.2% |
| Vacancy Rate | 8.1% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Revere has a homeownership rate of 41.9%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 8.1%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Revere | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1967 | 1963 | 1978 |
| Median Number of Rooms | 4.5 | 5.5 | 5.5 |
The typical housing unit in Revere was built around 1967. On average, 2.7 people live in a home with about 4.5 rooms, staying for about 12.0 years on average.
Revere, MA Housing Compared With Nearby Cities
How Revere, MA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Revere, MA | 60,022 | $814,815 #1/3 | $2,076 #2/3 | 45.6% #2/3 |
| Lynn, MA | 101,709 | $79,137 | $1,722 | 48.1% |
| Everett, MA | 49,993 | $624,999 | $2,076 | 37.2% |
Frequently Asked Questions
Common questions about the housing market in Revere, Massachusetts.
What is the median home price in Revere, Massachusetts?
The median home price in Revere, Massachusetts is $814,815, higher than the Massachusetts average of $494,523.
What is the average home price in Revere, Massachusetts?
The typical home price in Revere, Massachusetts, reported as the median sale price, is $814,815. 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 Revere, Massachusetts?
The median gross rent in Revere, Massachusetts is $2,076 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Revere in 2020?
In 2020, the median gross rent in Revere, Massachusetts was $1,461 per month.
What is the price-to-rent ratio in Revere, Massachusetts?
The price-to-rent ratio in Revere, Massachusetts is about 32.7, meaning it would take roughly 32.7 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 Revere.
Are home prices or rent rising faster in Revere, Massachusetts?
Both home prices and rent are rising in Revere, up about 14.9% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Revere, Massachusetts?
41.9% of households in Revere, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Revere, Massachusetts?
The housing vacancy rate in Revere, Massachusetts is 8.1%, about the same as the Massachusetts average.
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