Quick facts: Newton upper falls, MA

Quick Facts

119.6
Cost of Living
above US average
10,000
Population
5.0
Crime Rate per 1000
below US average
$120,000
Median Income
above US average
$849,900
Median House Price
above US average
$3792.5
Average Rent
above US average
6%
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 $120,000.

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Income Needed to Buy

βœ— Stretch
$267k/year
Based on $849,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $267k vs median $120,000
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Income Needed to Rent

⚠ Stretch
$163k/year
Based on $3792.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $163k vs median $120,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newton upper falls, MA

Newton Upper Falls is a quaint village located within the city of Newton, Massachusetts. Known for its rich history, it was once a bustling manufacturing hub in the 19th century, particularly recognized for the Hose Company, which produced fire hoses. Today, it maintains a charming residential character with tree-lined streets and historic homes. The village is situated along the Charles River, providing scenic views and opportunities for outdoor activities like walking and biking along the river paths. Newton Upper Falls features several parks, including the popular Crystal Lake, which is ideal for swimming, picnicking, and leisurely strolls. The community enjoys a strong sense of local identity, with a mix of families, professionals, and retirees. It's conveniently located near major roadways, ensuring easy access to the greater Boston area. Public transportation options include the Massachusetts Bay Transportation Authority (MBTA) bus services, which connect residents to nearby subway lines. With its blend of history, natural beauty, and proximity to urban amenities, Newton Upper Falls offers a peaceful suburban lifestyle while being just a short commute from the vibrant city of Boston.

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