Weymouth Town, 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 Weymouth Town, Massachusetts rental market.
Weymouth Town, Massachusetts
Average Apartment Rent
$2,473
Y-o-Y Change in Average
Apartment Rent
1.9%
As of July 2024
Compared to a year ago, Weymouth Town, Massachusetts apartments have recorded a 1.9% rent increase.
Weymouth Town, Massachusetts |Average apartment rent trend
Weymouth Town, Massachusetts| Average apartment rent
Weymouth Town, Massachusetts | Apartment rent ranges
At 88.95%, apartments priced Over $2,000 represent the bulk of Weymouth Town, Massachusetts rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.5%.
Weymouth Town, Massachusetts | Housing tenure**
Renters take up 32% of Weymouth Town, Massachusetts real estate, occupying a total of 7,829 units, while homeowners live in 16,867 properties.
Median number of rooms of renter-occupied housing units**
3.5
Renter median household income**
$58,489
Average household size of renter-occupied housing units**
1.91
Rental vacancy rate**
1.7%
Weymouth Town, Massachusetts | Renter-occupied housing units by no. of bedrooms**
There are 3,578 rentals in Weymouth Town, Massachusetts with 1 bed making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 60 units. Overall, the median number of rooms in Weymouth Town, Massachusetts homes for rent is 3.5.
Weymouth Town, Massachusetts |Renter-occupied units by age of householder**
Most condos for rent in Weymouth Town, Massachusetts are occupied by residents in the 25 - 34 years age group (21%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Weymouth Town, Massachusetts | Renter-occupied housing units by family type**
Weymouth Town, Massachusetts | Renter-occupied housing units by the presence of own children**
A total of 3,378 apartments for rent in Weymouth Town, Massachusetts, or 43% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 1,701 units. All in all, the median size of a renter-occupied household in Weymouth Town, Massachusetts is 1.91.
Weymouth Town, Massachusetts | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 37% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Weymouth Town, Massachusetts.
Weymouth Town, Massachusetts | Renter-occupied units by year structure built**
The highest share of Weymouth Town, Massachusetts apartment rentals, namely 18% or 1,397 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (18%, 1,396 units), and the ones Built 1939 or earlier (15%, 1,162 units).
Weymouth Town, Massachusetts | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Weymouth Town, Massachusetts renters (42%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Weymouth Town, Massachusetts condos for rent is 2016.
Weymouth Town, Massachusetts | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Weymouth Town, Massachusetts renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 15% have No vehicle available.
Weymouth Town, Massachusetts | Means of transportation to work of householders living in renter-occupied housing units**
Weymouth Town, Massachusetts |Geographical mobility in the past year for householders living in renter-occupied housing units**
Weymouth Town, 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 Weymouth Town, 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, 2022 American Community Survey 5-Year Estimates
