The story of this market
The typical home in ZIP 01851 sells for about $492,000, or $325 per square foot.
Prices are roughly flat from a year ago (+0.5%), a market in balance. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,714 a month.
ZIP 01851 — Lowell
The 01851 housing market remains competitive with low inventory and steady demand, particularly for well-priced residential properties. While price growth has moderated compared to previous years, the market is supported by the area's ongoing economic revitalization and proximity to major employment centers. Buyers are facing a tight supply, keeping the sale-to-list ratio high.
This area is well-suited for commuters seeking transit access to Boston, university-affiliated individuals, and value-oriented buyers looking for historic character. It appeals to those who prioritize urban amenities and proximity to employment hubs over suburban space.
Median prices moved up 0.5% year over year.
Homes spend a median of 16 days on market with 2.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.7% · poverty 17.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01851, Middlesex County, MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Lowell are generally higher than the national average, with property crime being the most frequently reported offense. Local law enforcement maintains a consistent presence to address urban safety concerns.
The area is served by Lowell Public Schools, which offers a diverse range of educational programs including magnet and vocational options. Performance varies across individual schools, with ongoing district-wide efforts to improve student outcomes.
The region faces moderate risks from winter storms and potential flooding near the Merrimack River. Property insurance premiums are influenced by these regional climate factors and standard New England hazard profiles.
Lowell benefits from its proximity to the University of Massachusetts Lowell and a growing tech and healthcare sector. Infrastructure investments continue to focus on revitalizing the historic mill district and improving transit connectivity.
Property taxes are assessed by the City of Lowell based on a uniform tax rate applied to the fair market value of real estate. The city utilizes a split tax rate system that differentiates between residential and commercial property classes.
Residents have access to the MBTA Commuter Rail via the Lowell Line, providing direct transit to Boston's North Station. Major highway access is provided by I-495 and the Lowell Connector, facilitating regional travel.
The ZIP code features proximity to the Lowell National Historical Park, various riverfront trails, and local parks like Shedd Park. Shopping and dining are concentrated in the downtown area and nearby commercial corridors.
The rental market is characterized by high demand driven by the university population and proximity to Boston. Vacancy rates remain low, and the market features a mix of historic mill conversions and traditional multi-family housing.
The local economy is anchored by education, healthcare, and manufacturing. Major employers include the University of Massachusetts Lowell and regional medical centers.
The area is served by the Lowell Regional Transit Authority (LRTA) and the MBTA Commuter Rail. Major road arteries include I-495 and Route 3.
Ongoing urban renewal projects focus on the downtown core and the conversion of former industrial sites into modern residential and mixed-use developments.
Parcels are subject to municipal property taxes and standard utility district fees for water and sewer services provided by the City of Lowell.
Property insurance is standard for the region, with premiums reflecting the age of housing stock and proximity to the Merrimack River flood zones.
Data retrieved from data.census.gov and Data Commons ZCTA profiles.
- Canobie Lake Park4.512.1 mi
- Kimball Farm Westford4.68.3 mi
- K1 Speed Boston-Wilmington4.211.5 mi
- Boda Borg Boston4.719.8 mi
- Dave & Buster's Woburn4.113.7 mi
- Canobie Lake Park4.512.1 mi
- Tsongas Center4.51.9 mi
- Kowloon Restaurant4.219.7 mi
- K1 Speed Boston-Wilmington4.211.5 mi
- Gate City Casino4.310.2 mi
- Canobie Lake Park4.512.1 mi
- AMC Methuen 204.312.1 mi
- K1 Speed Boston-Wilmington4.211.5 mi
- AMC Burlington Cinema 104.212.1 mi
- Nashoba Valley Ski Area4.28.2 mi
- Discovery Museum4.713 mi
- deCordova Sculpture Park and Museum4.714.1 mi
- American Heritage Museum4.918.1 mi
- Louisa May Alcott's Orchard House4.712 mi
- North Bridge4.811.3 mi
- Minute Man National Historical Park4.712.5 mi
- The Butterfly Place4.65.1 mi
- Mine Falls Park4.711.7 mi
- Great Brook Farm State Park4.75.5 mi
- Benson Park4.810 mi
- Burlington Mall4.412.2 mi
- Pheasant Lane Mall4.36.8 mi
- The Mall at Rockingham Park4.410.8 mi
- Tuscan Village4.411.3 mi
- Boston Logan International Airport4.125 mi
- Manchester-Boston Regional Airport4.621.1 mi
- Park Shuttle & Fly4.523.6 mi
- The Lounge3.424.7 mi
- DaCoopas Pizza4.123.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Preserves the history of the American Industrial Revolution.
Large municipal park offering sports fields and recreational space.
Provides scenic views and recreational boating opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.