Housing Insights for ZIP Code 01821 (Billerica, MA)

Housing Summary for ZIP Code 01821

Homeowners

The median home value in ZIP Code 01821 (Billerica, MA) is $408,600. Approximately 79.0% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.6%.

The average occupancy of owner-occupied units in ZIP Code 01821 is 3.01 occupants, while owner-occupied units have an aggregate average size of 2.96 bedrooms per housing unit.

Renters

In the 01821 ZIP Code, an estimated 21.0% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.15 occupants, while renters in this Middlesex County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 01821

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01821.

ZIP 01821 Massachusetts U.S.
Median Home Value $408,600 $656,427 $364,385
Owner-Occupied Housing Units 79.0% 62.4% 64.0%
Homeowner Vacancy Rate 0.6% 1.0% 1.6%
Average Size of Owner-Occupied Unit 3.01 2.69 2.70
Average # of Bedrooms Per Unit 2.96 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 21.0% 37.6% 36.0%
Rental Vacancy Rate 0.0% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.15 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01821 (Billerica, MA)

The median home value in ZIP Code 01821 is $408,600. That median value is about 7% higher than the median home value of $381,600 in Massachusetts overall, and is 88% higher than the $217,500 the median home value in the entire U.S. In ZIP Code 01821, approximately 69.4% of homes are valued $300,000 to $499,999. That is 93% higher than in Massachusetts, in which 35.9% of homes are valued at $300,000 to $499,999, and is about 260% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 01821 homes fall into is $50,000 to $99,999 (0.3% of homes).

Home Values in ZIP Code 01821

This chart visualizes the breakdown of home values in ZIP Code 01821, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01821 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01821

See the table below for a regional comparison of home values in ZIP Code 01821.

Home Value ZIP 01821 Massachusetts U.S.
Less than $50,000 1.7% 1.5% 6.9%
$50,000 to $99,999 0.3% 1.4% 12.0%
$100,000 to $149,999 0.4% 3.4% 13.3%
$150,000 to $199,999 2.1% 7.2% 14.0%
$200,000 to $299,999 8.1% 19.5% 19.6%
$300,000 to $499,999 69.4% 35.9% 19.3%
$500,000 to $999,999 17.8% 25.4% 11.4%
$1,000,000 or more 0.4% 5.8% 3.4%

Home Ages in ZIP Code 01821 (Billerica, MA)

Approximately 23.1% of homes in this Billerica, MA region were built in 1960 to 1969. This amount of homes built in 1960 to 1969 in ZIP Code 01821 is about 126% higher than percentage of homes built in this time period in Massachusetts overall (10.2% of homes), and is 118% higher the percentage (10.6% of homes) in the U.S. as a whole. Additionally, an esimated 19.5% of local homes were built in 1970 to 1979. On the other end of the scale, just 1.2% of homes in this Middlesex County ZIP Code were built in 2014 or later in ZIP Code 01821. In comparison, 1.6% of homes in Massachusetts overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 01821

A detailed regional comparison of home ages in ZIP Code 01821.

Year Built ZIP 01821 Massachusetts U.S.
2014 or later 1.2% 1.6% 2.5%
2010 to 2013 3.0% 1.7% 2.7%
2000 to 2009 7.9% 7.1% 14.0%
1990 to 1999 11.1% 7.7% 13.9%
1980 to 1989 10.5% 10.8% 13.4%
1970 to 1979 19.5% 11.6% 15.2%
1960 to 1969 23.1% 10.2% 10.6%
1950 to 1959 12.4% 11.3% 10.3%
1940 to 1949 1.9% 5.5% 4.9%
1939 or earlier 9.3% 32.5% 12.6%

Age of Homes in ZIP Code 01821

See the chart below for details on the age of homes in ZIP Code 01821, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 01821

Frequently asked questions about housing in this Billerica, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01821.

1

What is the average home value ZIP Code 01821?

The median home value in ZIP Code 01821 (Billerica, MA) is $408,600.
2

Are homes expensive in ZIP Code 01821?

The median home value in 01821 ($408,600) is an estimated 7% higher than the aggregate median value of $381,600 in Massachusetts, and is 88% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 01821?

The vacacy rate for owner-occupied housing in ZIP Code 01821 is 0.6%. This rate is 40% lower than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01821 vacancy rate is 63% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01821 have older homes or newer construction?

In ZIP Code 01821, about 23.1% of homes were built in 1960 to 1969. That time range includes the most home construction. Also, 19.5% of homes in the region were built in 1970 to 1979. In contrast, 1.2% of homes in 01821 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 01821? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 01821 than renter-occupied housing. Owner-occupied units make up 79.0% of housing, compared to 21.0% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 01821?

The vacacy rate for rental units in ZIP Code 01821 is 0.0%. This rate is 100% lower than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01821 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.