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Housing market/Massachusetts/ZIP 02451

ACS 2023 · FY2027 SAFMR

ZIP 02451 Waltham, Massachusetts

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
18,153
Households
7,544
Median HH income
$119,509
Renter share
41.4%
Median gross rent
$2,537
Vacancy
3.9%
Pop. change
-2.9%
2BR SAFMR
$3,640
SAFMR / rent
1.435×
2–49 unit stock
2,699
LIHTC proj / units
1 / 36
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 02451 · MA — sent to you.

ZIP 02451 · MA

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ACS rent vs 2BR SAFMR

ZIP 02451 — Waltham, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,537
2BR SAFMR$3,640
90% floor$3,276
110% ceiling$4,004

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 02451

  • 1-unit detached4,34055.3%
  • 1-unit attached4896.2%
  • 2–4 units1,26516.1%
  • 5–49 units1,43418.3%
  • 50+ units3244.1%
TypeUnitsShare
1-unit detached4,34055.3%
1-unit attached4896.2%
2 units (duplex)4555.8%
3–4 units81010.3%
5–9 units4876.2%
10–19 units5747.3%
20–49 units3734.8%
50+ units3244.1%
Mobile00.0%

2–4 unit share 16.1% · 5–49 unit share 18.3% · combined 2–49 34.4%.

Units by bedrooms

Studio
111
1BR
1,052
2BR
2,197
3BR
3,271
4BR
1,005
5+
216

Rent burden

Rent ≥30% of income48.1%
Rent ≥50% of income24.4%
  • ACS median gross rent $2,537 (all bedrooms, occupied rentals).
  • Median contract rent $2,165.
  • Renters paying ≥30% of income 48.1%; ≥50% 24.4%.
  • FY2027 2BR SAFMR $3,640 (1.435× ACS median gross rent).

Population

18,153 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -2.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 36 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,372 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 02451 41.4% of occupied households are renters; vacancy is 3.9%; ACS median gross rent is $2,537; population changed -2.9% between the 2018 and 2023 ACS vintages; the housing stock includes 1,265 units in 2–4-unit structures and 1,434 units in 5–49-unit structures; 1 LIHTC projects totaling 36 units; FY2027 2BR SAFMR is $3,640 versus ACS median gross rent of $2,537. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 02451 is a Census / HUD profile for Boston-Cambridge-Quincy, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 02451 — Waltham, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01464Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.7%$1,189$2,65001469Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area15.7%$1,121$2,65001474Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.3%$2,368$3,40001701Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area21.8%$1,973$2,82001702Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area65.7%$1,822$2,81001703Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001704Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001718Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area3.7%—$2,66001719Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area22.7%$1,816$2,65001720Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.6%$1,908$2,66001721Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.5%$2,334$3,34001731Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area100.0%$3,501$4,510

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 02451?

ZIP 02451 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 18,153 residents, 7,544 households, a renter share of 41.4%, median household income of $119,509, and ACS 2023 median gross rent of $2,537. Vacancy is 3.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02451?

ACS counts 455 units in 2-unit buildings, 810 in 3–4 unit buildings, 487 in 5–9, 574 in 10–19, and 373 in 20–49. Combined 2–49 unit stock is 2,699 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02451?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,640. See the full schedule and 90–110% payment-standard band on the ZIP 02451 — Waltham, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02451 is Census / HUD research for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.