Quick facts: Gilbertville, MA

Quick Facts

119.6
Cost of Living
above US average
1,555
Population
9.65
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$325,000
Median House Price
above US average
$2614
Average Rent
above US average
8%
Poverty Rate
below US average
4.0%
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 $65,000.

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Income Needed to Buy

βœ— Stretch
$102k/year
Based on $325,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $102k vs median $65,000
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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 $65,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gilbertville, MA

Gilbertville is a quaint village located within the town of Ware in Hampshire County, Massachusetts. Nestled in the scenic Pioneer Valley, it offers a blend of rural charm and historical significance. The area is characterized by its small-town atmosphere, making it an ideal spot for those looking to escape the hustle and bustle of larger cities. The village features picturesque landscapes, including rolling hills and beautiful natural surroundings, perfect for outdoor enthusiasts. Residents and visitors can enjoy various recreational activities such as hiking, fishing, and biking in nearby parks and along the Swift River. Gilbertville has a rich history, with several notable buildings and sites that reflect its industrial past, particularly from the textile manufacturing era. The community hosts various local events and gatherings throughout the year, further enhancing its tight-knit feel. Although Gilbertville is small, it is conveniently located with easy access to larger towns like Ware and other neighboring communities, providing residents with essential amenities, shopping, and dining options. Overall, Gilbertville is a charming locale that beautifully showcases the character of rural Massachusetts.

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