Quick facts: North reading, MA

Quick Facts

119.6
Cost of Living
above US average
15,710
Population
1.27
Crime Rate per 1000
below US average
$100,000
Median Income
above US average
$649,900
Median House Price
above US average
$2841.05
Average Rent
above US average
5%
Poverty Rate
below US average
3.7%
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 $100,000.

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Income Needed to Buy

βœ— Stretch
$204k/year
Based on $649,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $204k vs median $100,000
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Income Needed to Rent

⚠ Stretch
$122k/year
Based on $2841.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $122k vs median $100,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for North reading, MA

North Reading is a picturesque town located in Middlesex County, Massachusetts. Established in the early 18th century, it combines a rich history with modern amenities. The town is characterized by its charming residential neighborhoods, which are surrounded by lush greenery and scenic landscapes, making it an inviting place for families and individuals seeking a suburban lifestyle. North Reading is known for its excellent public schools, making it a popular choice for families. The town hosts various community events and activities, fostering a strong sense of belonging among residents. Recreational opportunities abound, with parks, hiking trails, and sports facilities available for outdoor enthusiasts. Conveniently situated near major highways, North Reading provides easy access to nearby cities, including Boston, which is just a short drive away. This allows residents to enjoy the tranquility of suburban living while still being within reach of urban conveniences, cultural attractions, and employment opportunities. The local economy is supported by small businesses, and residents also benefit from larger retail centers located nearby. Overall, North Reading offers a balanced lifestyle with a blend of history, community, and convenience.

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