Quick facts: Newtonville, MA

Quick Facts

119.6
Cost of Living
above US average
10,000
Population
5.0
Crime Rate per 1000
below US average
$80,000
Median Income
below US average
$1,798,750
Median House Price
above US average
$3777.47
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 $80,000.

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Income Needed to Buy

βœ— Stretch
$564k/year
Based on $1,798,750 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $564k vs median $80,000
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Income Needed to Rent

⚠ Stretch
$162k/year
Based on $3777.47/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $162k vs median $80,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newtonville, MA

Newtonville is a charming village located within the city of Newton, Massachusetts, known for its suburban feel and vibrant community. Situated just seven miles west of downtown Boston, it offers convenient access to the city while maintaining a quieter residential atmosphere. Newtonville features tree-lined streets, historic homes, and a variety of local shops and restaurants, making it a delightful area for families and professionals alike. The village is served by the Newton Public Schools, which are highly rated and provide excellent educational opportunities. Additionally, Newtonville has access to public transportation, including the Massachusetts Bay Transportation Authority (MBTA) commuter rail, allowing for easy commuting to Boston and surrounding areas. Outdoor enthusiasts can enjoy nearby parks such as Newton Centre and the Charles River Reservation, which offer walking trails and recreational activities. The community also hosts various cultural events and festivals throughout the year, fostering a strong sense of belonging among residents. Overall, Newtonville combines the charm of suburban living with proximity to urban amenities, making it a desirable place to call home.

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