Quick facts: Lakeville, MA

Quick Facts

119.6
Cost of Living
above US average
11,418
Population
1.31
Crime Rate per 1000
below US average
$100,000
Median Income
above US average
$499,900
Median House Price
above US average
$2100.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
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 $100,000.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $100,000
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Income Needed to Rent

βœ“ Affordable
$90k/year
Based on $2100.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($100,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lakeville, MA

Lakeville, Massachusetts, is a picturesque town located in Plymouth County, offering a blend of rural charm and suburban convenience. The town covers approximately 30 square miles and is known for its beautiful lakes, including Lakeville and Long Pond, which provide opportunities for boating, fishing, and swimming. With a population of around 10,000 residents, Lakeville boasts a strong sense of community, excellent public schools, and various recreational activities. The town is primarily residential, featuring single-family homes, parks, and open spaces. Lakeville's location offers easy access to major highways, making it a convenient spot for commuters traveling to nearby cities like Brockton and Boston. The town has a mix of local shops, restaurants, and essential services, adding to its appeal for families and individuals seeking a tranquil lifestyle while still being near urban amenities. Additionally, Lakeville is part of the Greater Boston area, with a rich history and a variety of events celebrated throughout the year. Its blend of nature, community spirit, and accessibility makes it an attractive place to call home.

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