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Chelsea, MA
Full City Profile · Massachusetts · Suffolk County County
2.5
/5.0
C+
Fair
39,460
Population
17,775/sq mi density
$72,220
Median Income
$31,544 per capita
$476,500
Home Value
$515,982 Zillow
$1,859
Median Rent
32.9% income on rent
52°F
Avg Temperature
246 sunny days/yr
667
Violent Crime/100K
1,467 property/100K
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$72,220 median income, 5.9% unemployment
C+
Affordability
2.9 / 5.0
$476,500 home value, $1,859/mo rent
F
Safety
1.0 / 5.0
667 violent crimes/100K (75% above avg)
C+
Education
2.8 / 5.0
22.0% bachelor's degree or higher
Housing Overview
Median Home Value
$476,500
69% above
US avg: $281,900
Median Rent
$1,859/mo
60% above
US avg: $1,163/mo
Homeownership Rate
29.2%
55% below US avg (65.4%)
Total Housing Units
14,121
Median year built: 1938
Home Value by Source
Census Median
$476,500
Zillow (ZHVI)
$515,982
Median Sale Price
$532,500
Median List Price
$475,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
29.2%
Owner-Occupied
70.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent:
$1,859/mo
· Zillow rent:
$2,534/mo
Market Indicators (Redfin)
Median Days on Market
51 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
23.8%
of listings with price reduction
Price Per Sq Ft
$404
Active Inventory
21
homes for sale
Affordability & Housing Stock
Rent Burden
32.9%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
29.2%
Complete Housing Data
Home Values
| Census Median Value | $476,500 |
| Zillow Home Value (ZHVI) | $515,982 |
| Median Sale Price | $532,500 |
| Median List Price | $475,000 |
| Price Per Sq Ft | $404 |
Rent
| Census Median Rent | $1,859 |
| Zillow Rent (ZORI) | $2,534 |
| FMR Studio | $1,727 |
| FMR 1-Bedroom | $1,822 |
| FMR 2-Bedroom | $2,300 |
| FMR 3-Bedroom | $2,858 |
| FMR 4-Bedroom | $3,232 |
Market
| Days on Market | 51 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 23.8% |
| Homes Sold | 6 |
| Active Inventory | 21 |
| Price Per Sq Ft | $404 |
Ownership & Stock
| Owner-Occupied | 29.2% |
| Renter-Occupied | 70.8% |
| Homeownership Rate | 29.2% |
| Total Housing Units | 14,121 |
| Median Year Built | 1938 |
| Rent Burden | 32.9% |