Quick facts: Newton lower falls, MA

Quick Facts

119.6
Cost of Living
above US average
1,848
Population
42.21
Crime Rate per 1000
above US average
$130,000
Median Income
above US average
$1,410,000
Median House Price
above US average
$3200.0
Average Rent
above US average
4%
Poverty Rate
below US average
2.5%
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 $130,000.

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Income Needed to Buy

βœ— Stretch
$442k/year
Based on $1,410,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $442k vs median $130,000
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Income Needed to Rent

⚠ Stretch
$137k/year
Based on $3200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $137k vs median $130,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newton lower falls, MA

Newton Lower Falls is a charming village located within the city of Newton, Massachusetts. Nestled along the Charles River, this picturesque area boasts a rich history, characterized by its quaint residential neighborhoods and scenic landscapes. Newton Lower Falls is known for its peaceful, suburban feel, while being conveniently situated just a short drive from downtown Boston, making it ideal for commuters. The village features a blend of architecture, with well-preserved homes reflecting styles from different eras. Residents enjoy access to beautiful green spaces, including nearby parks and the picturesque riverbanks, which offer recreational opportunities such as walking, biking, and kayaking. The community is served by excellent schools, with strong educational systems that are a significant draw for families. The nearby Newton Centre provides additional amenities, including shops, restaurants, and cafes, contributing to a vibrant local culture. Overall, Newton Lower Falls combines the benefits of small-town living with proximity to urban conveniences, making it a desirable location for both families and professionals.

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