Quick facts: Charlestown, MA

Quick Facts

135.8
Cost of Living
above US average
17,647
Population
21.02
Crime Rate per 1000
below US average
$90,000
Median Income
above US average
$1,174,990
Median House Price
above US average
$3468.52
Average Rent
above US average
Poverty rate Data is updating, will be available soon
0.03%
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 $90,000.

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Income Needed to Buy

βœ— Stretch
$369k/year
Based on $1,174,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $369k vs median $90,000
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Income Needed to Rent

⚠ Stretch
$149k/year
Based on $3468.52/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $149k vs median $90,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Charlestown, MA

Charlestown, located in Boston, Massachusetts, is a historic neighborhood known for its rich Revolutionary War history and charming architecture. As the oldest neighborhood in Boston, it features cobblestone streets and significant landmarks such as the Bunker Hill Monument and USS Constitution. The area is defined by its various parks and waterfront, offering stunning views of the Boston skyline and the Charles River. Charlestown has a vibrant community with a mix of families, young professionals, and long-time residents, creating a welcoming atmosphere. The neighborhood has seen significant development in recent years, with modern housing alongside historical sites. Its local dining scene boasts a variety of restaurants, cafes, and pubs, reflecting the area's maritime heritage. Public transportation is convenient, with easy access to the Orange Line subway and bus services, making it a great place for commuters. The neighborhood is also home to several schools and is in close proximity to downtown Boston, making it a desirable location for those seeking urban living with a touch of history. Whether you’re strolling along the waterfront or exploring its heritage, Charlestown offers a unique blend of past and present.

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