Property Market
5 min read
What's happening with Masterton house prices?
Council area of Wellington
Author: Ed McKnight
Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.
Reviewed by: Laine Moger
Journalist and Property Educator with six years of experience, holds a Bachelor of Communication (Honours) from Massey University.
What's happening to Masterton house prices?
The average price of a Masterton property is $571,647 (QV, November 2025).
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Quick Facts
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- Over the last 3 months property prices in Masterton have gone up 0.00%
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- The average rent in Masterton is $530 per week (Tenancy Services, September 2025)
How are Masterton property prices changing?
Masterton house prices soared after the Covid-19 pandemic began. House prices started out 36% below the eventual peak of the market.
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Where is Masterton in its property cycle?
At the absolute bottom of its property cycle, Masterton was 23.20% undervalued.
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Masterton suburb prices
I track the value of suburbs in Masterton. The most expensive suburb is , which has an average house value of $. While the most affordable suburb is , which has an average house value of $.
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What is the Masterton rental market like?
Here's how rents are changing in Masterton. Over the last four years (September 2021 - September 2025) the median rent has gone up $95 a week. That's 5.06% a year (on average).
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Are properties selling above or below CV in Masterton?
One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”
Other property markets to look into
If you found this article useful, then you might also like our analyses on the other property markets in New Zealand. You can read all about the Wellington property market here.