Woburn, Massachusetts Housing Market Prices
Woburn 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 9% below the Massachusetts median$450,003
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Median rent 26% above the Massachusetts median$2,220
Housing Market Overview
| Metric | Woburn | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,003 | $494,523 | $248,835 |
| Price Trend (Annual %) | 2.7% | 6.6% | 7.5% |
| Median Gross Rent | $2,220 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woburn is about 9% lower than in Massachusetts. Rent is about 26% 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 Woburn, up about 2.7% and 6.2% a year respectively. Rent is changing faster.
Median rent in Woburn rose about 66.9% between 2015 and 2024, from $1,330 to $2,220. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Woburn.
Buying the median-priced home in Woburn costs roughly 16.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Woburn. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Woburn | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,003 | $494,523 | $248,835 |
| Median Household Income | $112,968 | $104,336 | $80,455 |
| Price-to-Income Ratio | 4.0 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Woburn rose about 28.5%, while median household income rose about 54.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Woburn | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.7% | 57.5% | 58.5% |
| Rental Rate | 42.7% | 34.4% | 31.2% |
| Vacancy Rate | 3.6% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Woburn has a homeownership rate of 53.7%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 3.6%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Woburn | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1973 | 1963 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Woburn was built around 1973. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Woburn, MA Housing Compared With Nearby Cities
How Woburn, MA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Woburn, MA | 41,946 | $450,003 #2/2 | $2,220 #1/2 | 55.7% #2/2 |
| Arlington, MA | 46,270 | $1,743,589 | $2,082 | 61.6% |
Frequently Asked Questions
Common questions about the housing market in Woburn, Massachusetts.
What is the median home price in Woburn, Massachusetts?
The median home price in Woburn, Massachusetts is $450,003, lower than the Massachusetts average of $494,523.
What is the average home price in Woburn, Massachusetts?
The typical home price in Woburn, Massachusetts, reported as the median sale price, is $450,003. 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 Woburn, Massachusetts?
The median gross rent in Woburn, Massachusetts is $2,220 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Woburn in 2020?
In 2020, the median gross rent in Woburn, Massachusetts was $1,763 per month.
What is the price-to-rent ratio in Woburn, Massachusetts?
The price-to-rent ratio in Woburn, Massachusetts is about 16.9, meaning it would take roughly 16.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Woburn.
Are home prices or rent rising faster in Woburn, Massachusetts?
Both home prices and rent are rising in Woburn, up about 2.7% and 6.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Woburn, Massachusetts?
53.7% of households in Woburn, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Woburn, Massachusetts?
The housing vacancy rate in Woburn, Massachusetts is 3.6%, lower than the Massachusetts average of 8.1%.
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