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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Woburn, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Woburn, MA Housing Market Trends

With a population of 41,248, 16,121 total housing units (homes and apartments), and a median house value of $789,905, real estate costs in Woburn are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Woburn, accounting for 48.99% of the city's housing units. Other types of housing that are prevalent in Woburn include large apartment complexes or high rise apartments ( 25.77%), duplexes, homes converted to apartments or other small apartment buildings ( 17.34%), and a few row houses and other attached homes ( 7.65%).

The most prevalent building size and type in Woburn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.39% owning and 41.61% renting.

There is a lot of housing in Woburn built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Woburn built between 1940-1969 ( 31.32%). A lesser amount of the housing stock also hails from before 1939 ( 21.10%). There's also some housing in Woburn built between 2000 and later ( 13.25%).

Woburn Home Appreciation Rates

Appreciation rates for homes in Woburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.44%, which ranks in the top 40% nationwide. This equates to an annual average Woburn house appreciation rate of 7.04%.

Appreciation rates are so strong in Woburn that despite a nationwide downturn in the housing market, Woburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woburn appreciation rates continue to be some of the highest in America, at 13.34%, which is higher than appreciation rates in 80.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woburn. Woburn appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.32%.

Relative to Massachusetts, our data show that Woburn's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Woburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Woburn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Woburn real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$789,905

Woburn, MA Home Prices
> $1,320,000
$990,001 - $1,320,000
$660,001 - $990,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
4.0%
4.0%
18.0%
18.0%
49.1%
49.1%
19.0%
19.0%
4.2%
4.2%
2.5%
2.5%
0.6%
0.6%
1.6%
1.6%
1.0%
1.0%
0% 100.0%
% of Homes
High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

16,121

Woburn Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,067 / per month

Homeownership Rate

Owners
Renters
58.4%
58.4%
41.6%
41.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.2%
4.2%
95.8%
95.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.2%
13.2%
34.3%
34.3%
31.3%
31.3%
21.1%
21.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.0%
49.0%
7.7%
7.7%
17.3%
17.3%
25.8%
25.8%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
16.5%
16.5%
25.5%
25.5%
36.8%
36.8%
14.2%
14.2%
4.8%
4.8%
0% 100.0%
% of Homes