Massachusetts has been one of the hottest real estate markets over the past decade. Median home prices have soared through the roof throughout the Bay State on account of a growing population and influx of capital funding in the Boston metro area. Boston has transformed itself from the blue collar city of the twentieth century to one of the tech hubs of the world, and the 3rd largest metro market for venture capital funding for the last 5 years running.
So if you are one of the many that are looking to call Massachusetts home, you may be wondering where the best places to live in Massachusetts are. We’ve got you covered! No matter if you are a family relocating or a young professional looking for fun, here are the best places to live in Massachusetts.
Best Places to Live in MA for Families
Lexington, MA is a small suburb of Boston located about 25 minutes outside of the city. Lexington is known for being the first battle site of the Revolutionary War, but locals know it to have some of the best schools in the Bay State. It has one of the lowest crime rates in the state, and the average public school rating is 9/10, making it one of the best places to live in Massachusetts for famillies.
Living in Lexington will set you back quite a bit, however. The median price of a home for sale in Lexington, MA is $1,097,683, making it one of the most expensive Boston suburbs to buy a home.
Best Place to Live in MA for Young Professionals
Cambridge is located just across the Charles River from the City of Boston, and in many ways it is as famous as the city itself. Cambridge is home to Harvard and MIT most knowingly, but over the past decade this town has developed rapidly as many new tech firms have opened shop. The median age in Cambridge is a young 30 and the median household income is $95,404. It’s also loaded with fun entertainment and cultural fares for residents, making it one of the best places to live in Massachusetts for young professionals commuting to Boston.
Living in Cambridge comes at a premium as you would image. The average price Cambridge apartments is $3100, which is more expensive than Boston’s average rent price of $2,700. Cambridge real estate is even more pricey. The median home price in Cambridge is a whopping $859,632 which dwarfs the Boston Metro’s median home price of $483,000.
Best Place to Buy a Home in Massachusetts
Real estate prices in Massachusetts have soared to unprecedented levels over the past decade due to a rapidly growing population and a limited inventory of homes for sale in MA. If you’re looking to buy anywhere near Boston in a good neighborhood, expect to pay close to a million dollars. In western Mass. you can find zip codes with median home values under $200K, but if you have to commute to Boston those areas are not realistic.
Pinehurst, MA is a Boston suburb that sits just outside of the I-95 corridor north of Burlington, MA. Here you have a 35 minute commute to Downtown Boston, and median home values are not as audacious. The median cost of a home for sale in Pinehurst, MA is $517,720, making it among the best places to buy a home in Massachusetts.
As you can see, there is good reason for the real estate boom we’ve seen over the past decade. The State of Massachusetts has seen a wealth of opportunity grace her shores and there’s reason to believe the good times are here to stay. If you’re one of the many looking to call Massachusetts home, check out the areas mentioned on this list to find the best places to live!