ZIP Code · MA

ZIP 01862

Part of Billerica, MA

Pop. 12,129·Middlesex County·87th most expensive ZIP in Massachusetts

Median rent (all units)

$2,712/mo

Year-over-Year

Stable

Month-over-Month

+1.5%

vs US Median

+$780

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 01862 · $2,712

More expensive than 85% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,700

1 BR

$1,880

2 BR

$2,470

3 BR

$2,960

4 BR+

$3,270

Research median

$2,470/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: May 18, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($138,571) is $3,464 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,270).

Cheaper nearby

ZIP 01852, 4 miles away, rents for 20% less ($2,179/mo), about $6,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01862. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$32,544/yr

At $2,712/mo median

Location

CityBillerica

StateMA

CountyMiddlesex County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 01862 (Billerica, MA) is majority owner-occupied, has a median income above the national average, 38.8% of residents hold a bachelor's degree or higher.

Population

12,129

Median income

$138,571

Median age

40.7

Renters

28.4%

Age distribution

19.1%

24.1%

24.5%

17.2%

15.1%

Under 1819.1%

18–3424.1%

35–5424.5%

55–6417.2%

65+15.1%

Gender

55.9%

44.1%

Male55.9%

Female44.1%

Race & ethnicity

70.8%

12.2%

White70.8%

Black3.5%

Hispanic12.2%

Asian7.5%

Other6.1%

Education (25+)

27%

25.2%

38.8%

No HS diploma9%

HS diploma27%

Some college25.2%

Bachelor's+38.8%

Housing tenure

71.6%

28.4%

Owner71.6%

Renter28.4%

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

2021 vs 2026

How ZIP 01862 in Billerica, MA has changed in 5 years

Income

$106,964 → $138,571

up 29.5%

Population

10,719 → 12,129

up 13.2%

Renter share

20.7% → 28.4%

+7.7 pts

Bachelor's+

33.5% → 38.8%

+5.3 pts

Median age

44.8 → 40.7

-4.1 yrs

On the earnings side, the typical household in ZIP 01862 in Billerica, MA now reports about $138,571, up from $106,964 in 2021. Census counts show ZIP 01862 in Billerica, MA adding about 1,410 residents over the five-year window, up 13.2% on net. The renter share has risen from 20.7% to 28.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 33.5% to 38.8% across the same window.

Community

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Local insights

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About renting in ZIP 01862

Last updated: May 18, 2026

ZIP code 01862 covers Billerica, MA. The median rent here is $2,712/mo as of May 2026. A 1-bedroom rents for a median of $1,880/mo. A 2-bedroom rents for a median of $2,470/mo.

At 23% of local median household income ($138,571/yr), ZIP 01862 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01862?

To keep rent at or below 30% of gross income, you would need to earn at least $108,000/year (about $52/hour full-time) to afford the median rent of $2,712/mo in ZIP 01862. The local median household income is $138,571/yr, so the typical household meets that bar.