Home Values in Billerica, MA
The average home price in Billerica, MA is approximately $618,257 (median), with homes trading at $380/sqft. Home values in Billerica have appreciated at roughly 3.8% per year, reflecting steady demand and limited inventory typical of Greater Boston suburbs.
Census estimated median home value: $519K (ACS 2022 5-year). Current market prices typically run higher due to post-2022 appreciation.
The Vibe
Route 3 corridor town with growing tech presence, affordable homes, and family-friendly neighborhoods
What It's Really Like
Billerica is Route 3 practical—affordable homes, growing tech corridor, solid schools (7.2/10), and families who chose value over prestige.
Best For
- ✓Value buyers
- ✓Tech workers
- ✓Families wanting space
- ✓Route 3 commuters
Avoid If
- ✗You need urban amenities
- ✗You want luxury shopping
- ✗You prefer coastal living
Highlights
Insider Tips
- Tech companies are moving to the area
- Property values are rising steadily
- Good value for families with children
Demographics
Source: Census ACS 2023 5-year estimates
Economic Profile
Religious Community
Housing Stock Age
Moderate Insurance Risk
Median home built in 1968. Insurance premiums estimated at $2,200/year. Some older homes may require system updates (electrical, plumbing, HVAC).
Insurance Cost Calculator
Estimate your annual homeowners insurance premium
Leave blank to use town median (1968)
30-Year Mortgage Impact
Total insurance cost over 30-year mortgage (equivalent to 0.4% of home value)
Age Penalty
This home costs $589 more per year to insure than a newly built home. Over 30 years, that's $17,670 in additional insurance costs.
Ways to Lower Your Premium
- Bundle home + auto insurance with same carrier (10-25% discount)
- Increase deductible from $500 to $2,500 (save 15-30%)
- Install monitored security system (5-20% discount)
- Update electrical panel and remove knob-and-tube wiring
- Replace roof with impact-resistant materials (save 5-15%)
- Upgrade plumbing to PEX or copper
- Complete full home inspection and address major issues
- Consider MAPFRE or Chubb for historic home coverage
* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.
Construction Era Distribution
Resources & Research
School Information
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Market Analysis
Break-even math, SALT cap impacts & decision framework for Boston buyers