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Woburn

Learn about the people, housing, costs and businesses in Woburn, Massachusetts

Median Home$680,038
Median Rent$2,257/month
Population41,939
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services14% arts, food & hospitality
Home Value Growth⬆⬆+14.5% over 2 years
Young Adults35% of residentswell above average
Homeowners56% of occupied units
NotableAmenity Score81/100 · highly walkable area
NotableTransit87/100 · excellent transit access
Woburn
MA

Frequently Asked Questions

What are today's mortgage rates in Woburn?

As of today, the 30-year fixed mortgage rate for Woburn is approximately 6.813% (6.846% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Woburn?

The median home value in Woburn is $680k. The median monthly rent is $2,257. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Woburn?

Home values in Woburn have increased 14.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Woburn?

Based on a typical all-in ownership cost of $2,314/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $99k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Woburn is $110k/year.

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What industries drive the economy in Woburn?

The largest employment sectors in Woburn are public administration (24%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.