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City Report · MA

Walpole

Pop. 6,461·49th most expensive in Massachusetts·One of the pricier rental markets in the US
Median rent (all units)
$2,825/mo
Year-over-Year
-2.3%
Month-over-Month
-3.0%
vs US Median
+$863
Falling (Monthly)
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Most AffordableMost Expensive
Walpole · $2,825
More expensive than 87% of US cities · National median $1,962/mo
Affordability
22% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,825/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$113,000/yr
Local median income
$154,263/yr
Based on the 30%-of-income rule using Walpole's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,000
1 BR
$2,140
2 BR
$2,550
3 BR
$3,080
4 BR+
$3,390
Fair Market Rent (HUD)
$2,550/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,825 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$33,900/yr
At $2,825/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-2.3% YoY, -3.0% MoM), not inventory.
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Demographics

Who lives here

Walpole, MA is majority owner-occupied, has a median income above the national average, 65.6% of residents hold a bachelor's degree or higher.

Population
6,461
Median income
$154,263
Median age
45.1
Renters
18.5%
Age distribution
19.2%
21.3%
22.8%
16.7%
20%
Under 1819.2%
18–3421.3%
35–5422.8%
55–6416.7%
65+20%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
90.5%
White90.5%
Black2%
Hispanic3.6%
Asian3.3%
Other0.6%
Education (25+)
14.1%
18.9%
65.6%
No HS diploma1.4%
HS diploma14.1%
Some college18.9%
Bachelor's+65.6%
Housing tenure
81.5%
18.5%
Owner81.5%
Renter18.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Walpole, MA has changed in 5 years

Income
$97,344 → $154,263
up 58.5%
Population
6,188 → 6,461
up 4.4%
Renter share
21.3% → 18.5%
-2.8 pts
Bachelor's+
52.8% → 65.6%
+12.8 pts

Local incomes tracked alongside that move, going from a median of $97,344 in 2021 to $154,263 more recently. Headcount in the area went from 6,188 to 6,461 between 2021 and 2024, a 4.4% change. About 18.5% of households rent today, against 21.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 52.8% to 65.6%.

Community

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View Walpole rent history (2015–2026) →
Salary vs rent

Can you afford rent in Walpole on your salary?

At $2,825/mo, how Walpole rent compares to typical pay (30% rule).

By apartment size

Walpole rent by bedroom count

Median rent for each apartment size in Walpole. Click any size for full breakdown.

Local insights

Tips for renters in Walpole

About renting in Walpole, MA

Last updated: August 17, 2026

The median rent in Walpole is $2,825/mo as of August 2026. A studio apartment averages $2,000/mo while a 2-bedroom runs $2,550/mo. One-bedroom apartments average $2,140/mo and 3-bedroom units go for $3,080/mo.

At 22% of local median household income ($154,263/yr), Walpole ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.3% over the past year.

FAQ

Frequently asked questions

Is Walpole an affordable city for renters?

Walpole is considered very affordable for renters. At $2,825/mo, rent takes approximately 22% of the local median household income ($154,263/yr). The standard benchmark is 30%. Walpole falls comfortably within that range.

How much income do you need to rent in Walpole?

To keep rent at or below 30% of gross income, you would need to earn at least $113,000/year (~$54/hour full-time) to afford the median rent of $2,825/mo in Walpole. The local median household income is $154,263/yr, meaning the typical Walpole household meets that threshold.

Is rent going up or down in Walpole?

Rent in Walpole has decreased 2.3% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Walpole rent compare to other cities in Massachusetts?

Walpole is middle-of-the-pack for Massachusetts for rent, ranking #49 out of 112 tracked cities at $2,825/mo.

Which nearby cities are cheaper to rent in than Walpole?

Several nearby cities have lower median rents than Walpole ($2,825/mo): Norwood ($2,519/mo), Foxborough ($2,754/mo).

What percentage of Walpole residents rent vs. own?

According to Census data, approximately 18.5% of Walpole households are renters, while 81.5% are owner-occupied. Walpole leans toward homeownership, which can mean a smaller rental inventory.

How does Walpole rent compare to the national average?

Walpole's median rent of $2,825/mo is $863 (44%) above the US national median of $1,962/mo. Within Massachusetts, it ranks #49 out of 112 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $2,825/mo, rent takes ~22% of Walpole's median household income ($154,263/yr). The standard benchmark is 30%.

Walpole 22%Benchmark 30%
State income tax5%
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Walpole, MA

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