Quick facts: Assonet, MA

Quick Facts

119.6
Cost of Living
above US average
4,084
Population
2.45
Crime Rate per 1000
below US average
$84,700
Median Income
above US average
$599,900
Median House Price
above US average
$2614
Average Rent
above US average
5%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $84,700.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $84,700
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Income Needed to Rent

⚠ Stretch
$112k/year
Based on $2614/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $112k vs median $84,700
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Assonet, MA

Assonet is a quaint village located within the town of Freetown in Bristol County, Massachusetts. Nestled in the southeastern part of the state, this charming community boasts a rich history, with roots that stretch back to the 17th century. Assonet is known for its picturesque landscapes, including serene ponds and lush greenery, making it a great spot for outdoor enthusiasts. The village features a mix of historic buildings and modern homes, giving it a unique character. Assonet is also home to the Assonet Bay, which provides residents with recreational activities such as boating and fishing. The local community is tight-knit, with various events throughout the year that foster connections among residents. In terms of amenities, Assonet offers a range of local shops and dining options, with larger retail and entertainment choices located nearby in cities like Fall River and New Bedford. The village maintains a peaceful, rural atmosphere while still being accessible to urban conveniences. Overall, Assonet is a lovely destination for those seeking a quiet lifestyle amidst scenic surroundings.

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