Quick facts: Hyde park, MA

Quick Facts

119.6
Cost of Living
above US average
35,114
Population
5.7
Crime Rate per 1000
below US average
$60,000
Median Income
below US average
$645,000
Median House Price
above US average
$2888.07
Average Rent
above US average
15%
Poverty Rate
above US average
5.0%
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 $60,000.

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Income Needed to Buy

βœ— Stretch
$202k/year
Based on $645,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $202k vs median $60,000
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Income Needed to Rent

⚠ Stretch
$124k/year
Based on $2888.07/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $124k vs median $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hyde park, MA

Hyde Park is a vibrant neighborhood located in the southern part of Boston, Massachusetts. Known for its rich history and diverse community, Hyde Park offers a suburban feel, making it a welcoming area for families and individuals alike. The neighborhood is characterized by its residential streets, historic homes, and green spaces, including the picturesque Neponset River Reservation, which provides recreational opportunities such as walking, biking, and picnicking along the river. Hyde Park's cultural fabric is enhanced by its assortment of local shops, restaurants, and community centers that reflect the diverse backgrounds of its residents. The area hosts several annual events and activities, fostering a sense of community and connection among its residents. Additionally, Hyde Park is well-connected by public transportation, making it easy for commuters to access downtown Boston and nearby areas. With a blend of urban convenience and suburban charm, Hyde Park is an appealing locale for those looking to experience the essence of Boston while enjoying a more relaxed residential atmosphere.

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