ZIP Code · MA

ZIP 02453

Part of Waltham, MA
Pop. 31,591·Middlesex County·77th most expensive ZIP in Massachusetts
Median rent (all units)
$2,806/mo
Year-over-Year
+2.1%
Month-over-Month
-0.5%
vs US Median
+$874
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 02453 · $2,806
More expensive than 87% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,450
1 BR
$2,580
2 BR
$3,060
3 BR
$3,670
4 BR+
$4,050
Research median
$3,060/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 02453 usually run 2.3% below trend in December and 2% above it in August, about $121 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 02453 is 0.5% below its high of $2,819 in August 2026, at $2,806 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in ZIP 02453 changed +2.1% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 02453 rose 30.1% while median household income rose 32.9% ($86,787 to $115,366). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 02453 is 30.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($115,366) is $2,884 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,580); a 2-bedroom is $3,060.

Rank in Waltham

2nd cheapest of 3 ZIP codes in Waltham.

From Zillow's monthly rent index (ZORI) for ZIP 02453. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$33,672/yr
At $2,806/mo median
Location
StateMA
CountyMiddlesex County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+2.1% YoY, -0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 02453 (Waltham, MA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 59.5% of residents hold a bachelor's degree or higher.

Population
31,591
Median income
$115,366
Median age
32.7
Renters
56.6%
Age distribution
14.3%
40.6%
22.3%
13.9%
Under 1814.3%
18–3440.6%
35–5422.3%
55–648.8%
65+13.9%
Gender
50.9%
49.1%
Male50.9%
Female49.1%
Race & ethnicity
59.6%
18.2%
White59.6%
Black7.7%
Hispanic18.2%
Asian11.5%
Other3.1%
Education (25+)
18.2%
15.7%
59.5%
No HS diploma6.6%
HS diploma18.2%
Some college15.7%
Bachelor's+59.5%
Housing tenure
43.4%
56.6%
Owner43.4%
Renter56.6%

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

2021 vs 2026

How ZIP 02453 in Waltham, MA has changed in 5 years

Rent
$2,156 → $2,806
up 30.1%
Income
$100,167 → $115,366
up 15.2%
Population
30,441 → 31,591
up 3.8%
Renter share
58.1% → 56.6%
-1.5 pts
Bachelor's+
57% → 59.5%
+2.5 pts

Compared with 2021, rent in ZIP 02453 in Waltham, MA has climbed by $650 per month, settling near $2,806 after starting the period at $2,156. Household income in the area moved from $100,167 to $115,366 across the same window, up 15.2% versus 2021. Rent outpaced income growth by roughly 14.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 30,441 to 31,591 between 2021 and 2024, a 3.8% change. About 56.6% of households rent today, against 58.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 57% to 59.5%. Reading these numbers side by side helps frame whether current listings in ZIP 02453 in Waltham, MA look reasonable against where the market sat half a decade ago.

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About renting in ZIP 02453

Last updated: October 17, 2026

ZIP code 02453 covers Waltham, MA. The median rent here is $2,806/mo as of October 2026. A 1-bedroom rents for a median of $2,580/mo. A 2-bedroom rents for a median of $3,060/mo.

At 29% of local median household income ($115,366/yr), ZIP 02453 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02453?

To keep rent at or below 30% of gross income, you would need to earn at least $112,000/year (about $54/hour full-time) to afford the median rent of $2,806/mo in ZIP 02453. The local median household income is $115,366/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 02453?

Rent in ZIP 02453 has risen 2.1% over the past year as of September 2026. It sits 0.5% below its high of $2,819 in August 2026.

When is the cheapest time to rent in ZIP 02453?

Asking rents in ZIP 02453 are usually lowest in December, about 2.3% below their yearly trend, and highest in August, about 2% above it. At today's median that is a gap of roughly $121 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 02453?

No. From 2019 to 2024, rent in ZIP 02453 rose 30.1% while median household income rose 32.9%, from $86,787 to $115,366. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 02453 compare to other ZIPs in Massachusetts?

ZIP 02453 is in the middle among Massachusetts ZIP codes for rent, ranking #77 of 164 at $2,806/mo. Over the year to September 2026, rent in ZIP 02453 changed +2.1%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.

How does ZIP 02453 compare to the rest of Waltham?

At $2,806/mo, ZIP 02453 is $124 below the Waltham citywide median of $2,930/mo. It is the 2nd cheapest of 3 ZIP codes in Waltham.
Income Affordability
29%
AFFORDABLE

At $2,806/mo, rent takes ~29% of ZIP 02453's median household income ($115,366/yr). The standard benchmark is 30%.

ZIP 02453 29%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02453 (Waltham, MA)

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