Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Sale prices and trends.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (MASTHPI).
Median Home Value
Typical value of owner-occupied homes.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Massachusetts | U.S. |
|---|---|---|
| Median home value (USD) | 611000 | 340000 |
- •Only Hawaii and California have higher median home values; limited construction around Boston keeps supply extremely tight.
Rent Prices
Cost of renting.
Rent of primary residence index (Boston–Cambridge–Newton)
2006–2025BLS CPI-U, Boston–Cambridge–Newton, annual average (CUURS11ASEHA).
| Indicator | Massachusetts | U.S. |
|---|---|---|
| Median monthly rent (USD) | 1845 | 1406 |
Housing Inventory
Total housing stock.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
Building Permits
New residential construction.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED MABPPRIV).
| Indicator | Massachusetts | U.S. |
|---|---|---|
| Permits per 1,000 residents | 2 | 4.4 |
Homeownership Rate
Share of owner-occupied homes.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED MAHOWN).
| Indicator | Massachusetts | U.S. |
|---|---|---|
| Homeownership rate (%) | 61.9 | 65.7 |
Housing Affordability
Home cost relative to income.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Massachusetts | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 128.1 | 100 |
| Value-to-income ratio | 6 | 4.3 |
Vacancy Rate
Share of unoccupied units.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED MARVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED MAHVAC).
| Indicator | Massachusetts | U.S. |
|---|---|---|
| Rental vacancy rate (%) | 3.4 | 6.6 |