Share This Article
Upcoming Event Offers Opportunity to Learn More About the Latest Economic Data and Trends
The latest “Economic Profile 2025” for the Greater MetroWest (GMW) region, released by the MetroWest Economic Research Center (MERC) at Framingham State University, offers a detailed look at the local economy, with several key takeaways for Sudbury residents. The report confirms that the region continues to experience both rapid appreciation in housing costs and notable demographic shifts.
The State of the Greater MetroWest Economy will be presented at a November 19 Lunch and Learn event hosted by the Sudbury Chamber of Commerce. The meeting is open to all, and registration is required. Seats are limited, so prompt registration is recommended.
Some of the key insights highlight important trends affecting residents of all ages.
Housing Market Reaches New Heights
For Sudbury, the most prominent data points concern real estate and property taxes.
- Median Home Price: The median sale price for an existing single-family home in Sudbury reached $1,235,000 in 2024. This places Sudbury among the five communities in GMW with a median price exceeding $1 million. Sales volume followed this trend, with single-family home sales units increasing by an estimated 10-15% from 2023.
- Property Taxes: Correspondingly, the average single-family tax bill for FY2025 was one of the highest in the GMW region at $16,426. Sudbury operates with a split tax rate, with the residential rate at $14.64 per $1,000 of assessed value, and the Commercial & Industrial (C&I) rate set higher at $21.04 per $1,000.
Labor, Demographics, and School Enrollment
On broader economic and demographic fronts, the report highlights the following:
- Labor Force: Sudbury remains a “net exporter of labor,” meaning the town’s resident labor force (9,977 individuals) exceeds the number of local jobs (6,908). However, Sudbury posted strong job growth at 3.8%. The town’s unemployment rate remained low, at 4.0% in January 2025, which is below the overall GMW rate of 4.1%.
- Aging Population: The median age in Sudbury is 43.5 years, a number higher than both the state (40.3 years) and the nation (39.1 years), reflecting a regional trend toward an older population.
- School Enrollment: Despite reporting a total K-12 public school enrollment of 3,618 students, Sudbury is noted for having one of the highest percentages of its total population enrolled in public schools in the region. The student body has one of the highest percentages of White students (72%) and one of the lowest percentages of low-income students (8.5%). Notably, the town also reported one of the highest percentages of students with disabilities in GMW, at 21.5%.
Overall, the GMW region, which has a population of just under 307,000, saw its total labor force hit its highest number in 35 years.
Learn More: Attend the State of the Greater MetroWest Economy Event
To delve deeper into these key findings, and how these trends could impact local policy, residents are encouraged to attend the upcoming event hosted by the Sudbury Chamber of Commerce.
Learn More & Ask Questions:
The State of the Greater MetroWest Economy
