Stoneham, Massachusetts Housing Market Prices
Stoneham 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 148% above the Massachusetts median$1,224,288
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Median rent 16% above the Massachusetts median$2,035
Housing Market Overview
| Metric | Stoneham | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,224,288 | $494,523 | $248,835 |
| Price Trend (Annual %) | 9.5% | 6.6% | 7.5% |
| Median Gross Rent | $2,035 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stoneham is about 148% higher than in Massachusetts. Rent is about 16% 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 Stoneham, up about 9.5% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Stoneham rose about 57.9% between 2015 and 2024, from $1,289 to $2,035. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 10.4 yearly household incomes in Stoneham.
Buying the median-priced home in Stoneham costs roughly 50.1 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 Stoneham. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Stoneham | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,224,288 | $494,523 | $248,835 |
| Median Household Income | $117,780 | $104,336 | $80,455 |
| Price-to-Income Ratio | 10.4 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Stoneham rose about 678.4%, while median household income rose about 49.6% 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 | Stoneham | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.9% | 57.5% | 58.5% |
| Rental Rate | 27.7% | 34.4% | 31.2% |
| Vacancy Rate | 4.4% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Stoneham has a homeownership rate of 67.9%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 4.4%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Stoneham | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1965 | 1963 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Stoneham was built around 1965. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Stoneham, MA Housing Compared With Nearby Cities
How Stoneham, MA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Stoneham, MA | 23,334 | $1,224,288 #1/3 | $2,035 #2/3 | 71.0% #1/3 |
| Melrose, MA | 29,648 | $870,192 | $1,969 | 67.2% |
| Medford, MA | 59,237 | $483,160 | $2,507 | 54.0% |
Frequently Asked Questions
Common questions about the housing market in Stoneham, Massachusetts.
What is the median home price in Stoneham, Massachusetts?
The median home price in Stoneham, Massachusetts is $1,224,288, higher than the Massachusetts average of $494,523.
What is the average home price in Stoneham, Massachusetts?
The typical home price in Stoneham, Massachusetts, reported as the median sale price, is $1,224,288. 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 Stoneham, Massachusetts?
The median gross rent in Stoneham, Massachusetts is $2,035 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Stoneham in 2020?
In 2020, the median gross rent in Stoneham, Massachusetts was $1,522 per month.
What is the price-to-rent ratio in Stoneham, Massachusetts?
The price-to-rent ratio in Stoneham, Massachusetts is about 50.1, meaning it would take roughly 50.1 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 Stoneham.
Are home prices or rent rising faster in Stoneham, Massachusetts?
Both home prices and rent are rising in Stoneham, up about 9.5% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Stoneham, Massachusetts?
67.9% of households in Stoneham, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Stoneham, Massachusetts?
The housing vacancy rate in Stoneham, Massachusetts is 4.4%, lower than the Massachusetts average of 8.1%.
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