Quick facts: Indian orchard, MA

Quick Facts

119.6
Cost of Living
above US average
17,813
Population
11.23
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$340,000
Median House Price
above US average
$1926.73
Average Rent
above US average
12%
Poverty Rate
above US average
3.0%
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.

🏠

Income Needed to Buy

βœ— Stretch
$107k/year
Based on $340,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $107k vs median $65,000
🏒

Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1926.73/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k 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 Indian orchard, MA

Indian Orchard is a neighborhood located in the city of Springfield, Massachusetts. Nestled along the banks of the Chicopee River, it has a rich history rooted in industrial development, particularly during the late 19th and early 20th centuries when it was known for its manufacturing facilities. The area features a mix of residential homes, local businesses, and community spaces. Its residential character predominantly showcases classic New England architecture, making it a quaint and attractive locale. Indian Orchard's community is served by local parks, schools, and recreational facilities, offering residents a family-friendly environment. The neighborhood benefits from its proximity to downtown Springfield, which is only a short drive away, providing access to a broader array of amenities including shopping, dining, and cultural attractions. The area also boasts several historical landmarks and has a strong sense of community, evidenced by local events and active neighborhood associations. Overall, Indian Orchard is a charming enclave that combines historical significance with modern living, making it an appealing place for both families and individuals.

πŸ” Search & Compare Places

First Location πŸ“