Lowell, MA has a population of 110,964, while the median age is 33. The household income in Lowell, MA is around $48,581. The homeownership rate among the residents is 42%. The median residential property value in Lowell, MA that you should keep in mind is $240,500.
Population | 110,964 |
Median Age | 33.3 |
Poverty Rate | 22% |
Household Income | $48,581 |
Number Of Employees | 53,075 |
Median Property Value | $240,500 |
Rent Price |
Apr | vs Last Month |
---|---|---|
Studio apartments | $2,203 | +34.8% |
1-bed apartments | $1,612 | -9.9% |
2-bed apartments | $2,316 | +9.5% |
3-bed apartments | $2,587 | +10.8% |
4+ bed apartments | $2,691 | -13.5% |
Over the April 2023, the average rent for an apartment in/near Lowell, MA decreased by 3.9% to $2,128.
Compared to the last month, the average price for a rental studio in Lowell, MA has increased by 34.8%. You can expect to rent the studio for $2,203 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 9.9% to $1,612. Pricing for 2-bed apartment also increased by 9.5% and a place of this size will now cost you $2,316. 3-bed apartment rent pricing starts at $2,587, it increased by 10.8% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 13.5% and made it down to $2,691.
Rent Type Price |
Apr | vs Last Month |
---|---|---|
Condos for rent | $2,133 | -11.3% |
Rooms for rent | $1,237 | +7.6% |
Houses for rent | $2,898 | -1.1% |
Apartments for rent | $1,993 | -8.3% |
The median rent for an apartment in Lowell, MA decreased by 8.3% to $1,993. Statistics show that house rent price decreased by 1.1% this month making it up to $2,898. Condos faced an upward trend these days. The median rent for a condo decreased by 11.3%, it’s now available for $2,133. An average room will now go for $1,237, the median rent price for a room increased by 7.6%.