Quick facts: North chelmsford, MA

Quick Facts

119.6
Cost of Living
above US average
13,889
Population
3.6
Crime Rate per 1000
below US average
$100,000
Median Income
above US average
$649,900
Median House Price
above US average
$2718.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.0%
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
$116k/year
Based on $2718.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $116k 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 chelmsford, MA

North Chelmsford is a quaint suburban community located in Middlesex County, Massachusetts. It serves as a village within the larger town of Chelmsford and is known for its small-town charm and family-friendly atmosphere. The area boasts a mix of residential neighborhoods and scenic landscapes, making it an attractive place for families and professionals alike. The town has a rich history dating back to the 18th century, with many historical sites and structures that reflect its colonial past. North Chelmsford is also well-connected to major highways, providing easy access to nearby cities such as Lowell and Boston. Residents enjoy a variety of recreational opportunities, including parks, hiking trails, and community events throughout the year. The local school district is reputable, contributing to a strong sense of community among families. With its peaceful environment, North Chelmsford offers a balance of suburban living while remaining close to urban amenities, making it a desirable location for those seeking a tranquil yet connected lifestyle.

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