Quick facts: North billerica, MA

Quick Facts

119.6
Cost of Living
above US average
16,025
Population
4.87
Crime Rate per 1000
below US average
$104,000
Median Income
above US average
$575,000
Median House Price
above US average
$3254.89
Average Rent
above US average
5%
Poverty Rate
below US average
3.1%
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 $104,000.

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Income Needed to Buy

βœ— Stretch
$180k/year
Based on $575,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $180k vs median $104,000
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Income Needed to Rent

⚠ Stretch
$139k/year
Based on $3254.89/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $139k vs median $104,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for North billerica, MA

North Billerica is a charming village located in Billerica, Middlesex County, Massachusetts. Nestled along the Shawsheen River, it boasts a combination of suburban tranquility and access to urban amenities. The area features a diverse community with a rich history dating back to the 17th century, evident in its well-preserved architecture and local landmarks. One of North Billerica's highlights is its scenic parks and recreational opportunities, including the nearby Billerica State Forest, which offers trails for hiking and biking. The village is also well-serviced by public transportation, including the MBTA's commuter rail, making it easy to travel to Boston and the surrounding areas. Local amenities include various shops, restaurants, and community services, ensuring that residents have everything they need close at hand. The educational system in Billerica is well-regarded, with several public schools serving the area. With its blend of history, community spirit, and access to nature, North Billerica presents an appealing option for families and professionals seeking a suburban lifestyle while remaining connected to greater Boston.

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