Saugus, Massachusetts Housing Market Prices
Saugus 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 113% above the Massachusetts median$1,053,030
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Median rent 27% above the Massachusetts median$2,241
Housing Market Overview
| Metric | Saugus | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,053,030 | $494,523 | $248,835 |
| Price Trend (Annual %) | 99.5% | 6.6% | 7.5% |
| Median Gross Rent | $2,241 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 10.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Saugus is about 113% higher than in Massachusetts. Rent is about 27% 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 Saugus, up about 99.5% and 10.1% a year respectively. Home prices are changing faster.
Median rent in Saugus rose about 99.9% between 2015 and 2024, from $1,121 to $2,241. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 10.3 yearly household incomes in Saugus.
Buying the median-priced home in Saugus costs roughly 39.2 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 Saugus. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Saugus | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,053,030 | $494,523 | $248,835 |
| Median Household Income | $102,456 | $104,336 | $80,455 |
| Price-to-Income Ratio | 10.3 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Saugus rose about 241.4%, while median household income rose about 45.6% 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 | Saugus | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.7% | 57.5% | 58.5% |
| Rental Rate | 27.4% | 34.4% | 31.2% |
| Vacancy Rate | 3.9% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Saugus has a homeownership rate of 68.7%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 3.9%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Saugus | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1963 | 1963 | 1978 |
| Median Number of Rooms | 6.1 | 5.5 | 5.5 |
The typical housing unit in Saugus was built around 1963. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Saugus, MA Housing Compared With Nearby Cities
Saugus, MA is the smallest of the 5 cities compared here, 28,773 residents against a local median of 63,035. The measure that sets Saugus, MA apart most is median home price: $1,053,030, 54% above the local median of $685,826.
Homeownership tells the same story from another angle: 71.5% against a local median of 46.8%, 53% above it. The one measure here that carries a verdict is homeownership, and at 53% above the local median it puts Saugus, MA at the better end of the local range. The cities themselves spread $791,055 on median home price, so Saugus, MA sits at one end of an already wide local range rather than apart from it. Saugus, MA has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Saugus, MA | 28,773 | $1,053,030 #1/5 | $2,241 #1/5 | 71.5% #1/5 |
| Melrose, MA | 29,648 | $870,192 | $1,969 | 67.2% |
| Lynn, MA | 101,709 | $79,137 | $1,722 | 48.1% |
| Revere, MA | 60,022 | $814,815 | $2,076 | 45.6% |
| Malden, MA | 66,048 | $556,837 | $2,203 | 41.3% |
Frequently Asked Questions
Common questions about the housing market in Saugus, Massachusetts.
What is the median home price in Saugus, Massachusetts?
The median home price in Saugus, Massachusetts is $1,053,030, higher than the Massachusetts average of $494,523.
What is the average home price in Saugus, Massachusetts?
The typical home price in Saugus, Massachusetts, reported as the median sale price, is $1,053,030. 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 Saugus, Massachusetts?
The median gross rent in Saugus, Massachusetts is $2,241 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Saugus in 2020?
In 2020, the median gross rent in Saugus, Massachusetts was $964 per month.
What is the price-to-rent ratio in Saugus, Massachusetts?
The price-to-rent ratio in Saugus, Massachusetts is about 39.2, meaning it would take roughly 39.2 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 Saugus.
Are home prices or rent rising faster in Saugus, Massachusetts?
Both home prices and rent are rising in Saugus, up about 99.5% and 10.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Saugus, Massachusetts?
68.7% of households in Saugus, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Saugus, Massachusetts?
The housing vacancy rate in Saugus, Massachusetts is 3.9%, lower than the Massachusetts average of 8.1%.
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