Quick facts: Brookfield, MA

Quick Facts

119.6
Cost of Living
above US average
3,390
Population
2.95
Crime Rate per 1000
below US average
$80,000
Median Income
below US average
$279,900
Median House Price
above US average
$2614
Average Rent
above US average
5%
Poverty Rate
below US average
4.1%
Unemployment Rate
above 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 $80,000.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $279,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $80,000
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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 $80,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Brookfield, MA

Brookfield, Massachusetts, is a charming town located in Worcester County. Nestled in the heart of New England, Brookfield boasts a rich history dating back to its incorporation in 1812. The town is primarily residential, characterized by its picturesque landscapes, historic homes, and a strong sense of community. Brookfield offers access to various outdoor activities, including hiking, fishing, and boating, thanks to its proximity to several lakes and parks, such as Lake Quacumquasit. The town retains a rural charm, with open spaces and scenic views, making it an ideal spot for nature enthusiasts. Culturally, Brookfield has a close-knit community with local events, farmers' markets, and seasonal festivities that bring residents together. The town is served by local schools and provides a peaceful environment while being conveniently located near larger urban areas for additional amenities and services. With its blend of history, community spirit, and natural beauty, Brookfield is an appealing destination for families and individuals seeking a quieter lifestyle in central Massachusetts.

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