Rent To Own Homes in Chelsea, MA

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Home Value Estimator For Chelsea, MA

There are currently 5,088 real estate properties in Chelsea, MA, with a median automated valuation model (AVM) price of $609,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chelsea, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chelsea, MA, is $612,799.00, with the most expensive house in Chelsea, MA, topping out at $8,226,050.00 and the cheapest home in Chelsea, MA, clocking in at $42,276.00. In other words, there’s something for every potential homebuyer or savvy investor in Chelsea, MA!

Rent Prices In Chelsea, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chelsea, MA, is on a rollercoaster ride. The average rent price in Chelsea, MA, is $1,953.00. Indeed, when looking to rent in Chelsea, MA, you can expect to pay as little as $1,270.00 or as much as $3,920.00, with the average rent median estimated to be $1,970.00. The good news is that finding an affordable and desirable property to rent in Chelsea, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Chelsea, MA In 2024

Chelsea is located in Suffolk, Massachusetts, with an estimated municipal population of 39,690 residents. All of the best foreclosed homes for sale in Chelsea are located in the following zip code areas on 02150 02204. The estimated population per square kilometer (.62 miles) in Chelsea is 6,917.

Cost Of Living In Chelsea, MA

So, about how much do homes cost in Chelsea? The most recent median value of resident-owned homes in Chelsea is 351,429. An estimated 25.9 percent of households in Chelsea own their homes, with an average family size of 3.76. The median household income in Chelsea is 56,802, with24.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chelsea, the median commute time of resident workers (in minutes) is 34.6. And last, but certainly not least, are you looking for homes to rent in Chelsea? If so, the average rent price paid by renters in Chelsea is 1,419, according to recent statistics.

Diversity And Demographics In Chelsea, Massachusetts

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Chelsea, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Chelsea is 33.3, split between 51.7 percent male versus 48.3 female. The percentage of residents who report being married in Chelsea is 33.8, with an average family size of 3.76.

The percentage of residents who report their race in Chelsea is as follows:

White 48.4%
Black / African American 6.4%
Asian 4%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 32.8%
Other 8.4%

Looking for family-friendly neighborhoods in and/or near Chelsea? Or maybe you are searching for 55+ active adult communities in and/or near Chelsea?

The percentage of residents who report their age in Chelsea is as follows:

Under 10 14.8%
Aged 10-19 13.1%
20s 15.6%
30s 18.9%
40s 13.5%
50s 10.5%
60s 7.5%
70s 3.7%
80+ 2.4%

Best Schools In Chelsea, Massachusetts

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Chelsea with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chelsea.

Pros And Cons Of Living In Chelsea, Massachusetts

How do you know that living in -- or moving to -- Chelsea is right where you need to be? Perhaps you grew up in Chelsea or already live nearby; therefore, the decision to buy a home in Chelsea is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chelsea for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Chelsea:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chelsea.

Reasons To Move To Chelsea, Massachusetts, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chelsea can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chelsea, meanwhile, can field multiple offers from more qualified buyers.

Chelsea, MA Rent To Own Homes


Listing types in Chelsea, MA

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