Quick facts: Bridgewater, MA

Quick Facts

119.6
Cost of Living
above US average
27,395
Population
Crime rate Data is updating, will be available soon
Media income Data is updating, will be available soon
$799,000
Median House Price
above US average
$2753.7
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $0.

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Income Needed to Buy

βœ— Stretch
$251k/year
Based on $799,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $251k vs median $0
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Income Needed to Rent

⚠ Stretch
$118k/year
Based on $2753.7/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $118k vs median $0
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bridgewater, MA

Bridgewater, Massachusetts, is a charming town located in Plymouth County, about 30 miles south of Boston. Known for its historical significance, Bridgewater has a rich cultural heritage and was incorporated in 1656. The town features beautiful landscapes, parks, and a picturesque downtown area. One of the prominent highlights of Bridgewater is its educational institutions, including Bridgewater State University, which plays a vital role in the community and offers various degree programs. The town is also home to several recreational areas, including the Bridgewater State Forest, providing opportunities for hiking, picnicking, and outdoor activities. Bridgewater enjoys a small-town atmosphere while still being close to larger cities, with convenient access to Routes 24 and 495. Local events, farmers' markets, and community gatherings foster a strong community spirit. With its historical sites, vibrant community life, and educational resources, Bridgewater offers a welcoming environment for residents and visitors alike.

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