Dedham, Massachusetts Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Dedham, Massachusetts rental market.
Average Apartment Rent in April 2023
Y-o-Y Change in Average
Compared to a year ago, Dedham, Massachusetts apartments have recorded a 8.2% rent increase.
Dedham, Massachusetts |Average apartment rent trend
Dedham, Massachusetts| Average apartment rent
Dedham, Massachusetts | Housing tenure**
Renters take up 29% of Dedham, Massachusetts real estate, occupying a total of 3,014 units, while homeowners live in 7,484 properties.
Median number of rooms of renter-occupied housing units**
Renter median household income**
Average household size of renter-occupied housing units**
Rental vacancy rate**
Dedham, Massachusetts | Renter-occupied housing units by no. of bedrooms**
There are 1,237 rentals in Dedham, Massachusetts with 1 bed making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 18 units. Overall, the median number of rooms in Dedham, Massachusetts homes for rent is 3.8.
Dedham, Massachusetts |Renter-occupied units by age of householder**
Most condos for rent in Dedham, Massachusetts are occupied by residents in the 45 - 54 years age group (20%), followed by those in the 25 - 34 years age group (19%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 6%.
Dedham, Massachusetts | Renter-occupied housing units by family type**
Dedham, Massachusetts | Renter-occupied housing units by the presence of own children**
A total of 1,378 apartments for rent in Dedham, Massachusetts, or 46% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 670 units. All in all, the median size of a renter-occupied household in Dedham, Massachusetts is 2.02.
Dedham, Massachusetts | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 56% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Dedham, Massachusetts.
Dedham, Massachusetts | Renter-occupied units by year structure built**
The highest share of Dedham, Massachusetts apartment rentals, namely 31% or 926 units, were Built 2000 - 2009, followed by those Built 1939 or earlier (22%, 669 units), and the ones Built 1940 - 1949 (11%, 324 units).
Dedham, Massachusetts | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Dedham, Massachusetts renters (49%) moved in 2015 to 2016, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Dedham, Massachusetts condos for rent is 2015.
Dedham, Massachusetts | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Dedham, Massachusetts renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 16% have No vehicle available.
Dedham, Massachusetts | Means of transportation to work of householders living in renter-occupied housing units**
Dedham, Massachusetts |Geographical mobility in the past year for householders living in renter-occupied housing units**
Dedham, Massachusetts | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Dedham, Massachusetts apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates