Quick facts: North chatham, MA

Quick Facts

119.6
Cost of Living
above US average
6,607
Population
6.81
Crime Rate per 1000
below US average
$83,835
Median Income
above US average
$2,499,000
Median House Price
above US average
$2614
Average Rent
above US average
8%
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 $83,835.

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Income Needed to Buy

βœ— Stretch
$784k/year
Based on $2,499,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $784k vs median $83,835
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Income Needed to Rent

⚠ Stretch
$112k/year
Based on $2614/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $112k vs median $83,835
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for North chatham, MA

North Chatham is a picturesque village located in Chatham, Massachusetts, situated on Cape Cod's southeastern shores. Known for its charming atmosphere, this quaint area is characterized by its stunning beaches, scenic views, and unique coastal culture. North Chatham boasts a peaceful, residential vibe, making it ideal for families and visitors seeking relaxation and natural beauty. One of the highlights of North Chatham is its proximity to the Atlantic Ocean, offering residents and tourists ample opportunities for outdoor activities like boating, fishing, and extensive beachcombing. The village is also home to beautiful parks and conservation areas, perfect for hiking and exploring the local wildlife. North Chatham’s area has a rich history and showcases beautiful New England architecture, including classic Cape Cod homes and historic structures. The village is close to downtown Chatham, where visitors can find delightful shops, restaurants, galleries, and entertainment. The community is family-oriented, with a strong focus on local events, including seasonal festivals and farmers’ markets, which enhance the warm, welcoming spirit of this charming Cape Cod locale.

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