Quick facts: Lanesborough, MA

Quick Facts

119.6
Cost of Living
above US average
2,965
Population
3.37
Crime Rate per 1000
below US average
$67,500
Median Income
below US average
$308,000
Median House Price
above US average
$3000.0
Average Rent
above US average
8%
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 $67,500.

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Income Needed to Buy

βœ— Stretch
$97k/year
Based on $308,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $97k vs median $67,500
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Income Needed to Rent

⚠ Stretch
$129k/year
Based on $3000.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $129k vs median $67,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lanesborough, MA

Lanesborough is a charming town located in Berkshire County, Massachusetts. Nestled in the scenic Berkshires, this small community offers a tranquil environment with a population of just over 1,800 residents. The town is known for its beautiful natural surroundings, including the nearby Mount Greylock, the highest peak in Massachusetts, which provides excellent hiking opportunities and stunning views. Lanesborough features a mix of rural beauty and small-town charm. The town's historical roots can be seen in its well-preserved architecture and local landmarks, including the Lanesborough Historical Society. Outdoor enthusiasts can enjoy various recreational activities such as fishing, biking, and skiing in the winter months at nearby ski resorts. The community is served by Lanesborough Elementary School, and students often attend high school in the neighboring town of Pittsfield. Local amenities include parks, shops, and restaurants, providing residents and visitors with a welcoming atmosphere. Overall, Lanesborough is a peaceful retreat for those looking to experience the natural beauty and cultural richness of western Massachusetts.

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