Home Values in Lowell, Massachusetts — 2026 Market Report
Updated March 2026 | Balanced Market | +5% YoY
The median home value in Lowell, Massachusetts is $395,000 as of March 2026, which is near the national median of $400,000. Home values in Lowell have increased by 5% over the past year and 27.6% over the last five years. With a population of 115,554 and a median household income of $55,250, the price-to-income ratio stands at 7.1x, making Lowell affordable for the average household.
Lowell Housing Market Conditions
| Metric | Lowell | National Avg |
|---|---|---|
| Median Home Value | $395,000 | $400,000 |
| YoY Appreciation | +5% | +3.8% |
| 5-Year Appreciation | +27.6% | +22.4% |
| Price per Sq Ft | $241 | $222 |
| Days on Market | 31 days | 45 days |
| Months of Supply | 4.8 | 3.5 |
| List-to-Sale Ratio | 96.2% | 98.5% |
| Monthly Homes Sold | 62 | — |
| Foreclosure Rate | 0.69% | 0.3% |
Home Value Trends in Lowell
A homeowner who purchased at the median price of $309,561 five years ago in Lowell would have gained approximately $85,439 in equity, representing a 27.6% return on investment. Over the past year alone, the typical homeowner gained $18,810 in home equity.
Affordability in Lowell, MA
With a median household income of $55,250 and a median home price of $395,000, the price-to-income ratio in Lowell is 7.1x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,148 compared to estimated monthly ownership costs of $2,272 gives a rent-vs-buy ratio of 0.72. In Lowell, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Lowell
The effective property tax rate in Massachusetts is 1.2%. On a home valued at $395,000, the estimated annual property tax bill is $4,740, or approximately $395/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Lowell is 108.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Lowell, MA?
The median home value in Lowell, Massachusetts is $395,000 as of March 2026. Home values have changed +5% over the past year, with a 5-year appreciation of 27.6%.
Is Lowell a buyer's or seller's market?
Lowell is currently a balanced market with 4.8 months of housing supply. Homes spend an average of 31 days on market, and the list-to-sale price ratio is 96.2%. Supply and demand are relatively balanced.
Are home values going up in Lowell?
Yes, home values in Lowell have increased by 5% over the past year. The 5-year appreciation rate is 27.6%, meaning a home worth $309,561 five years ago is now worth $395,000.
Is it better to rent or buy in Lowell?
The average monthly rent in Lowell is $3,148, while estimated monthly homeownership costs are approximately $2,272. The price-to-rent ratio is 10.5. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Lowell, Massachusetts is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.