Quick facts: Oak bluffs, MA

Quick Facts

119.6
Cost of Living
above US average
4,678
Population
10.69
Crime Rate per 1000
below US average
$55,000
Median Income
below US average
$1,650,000
Median House Price
above US average
$22095.0
Average Rent
above US average
10%
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 $55,000.

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Income Needed to Buy

βœ— Stretch
$518k/year
Based on $1,650,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $518k vs median $55,000
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Income Needed to Rent

⚠ Stretch
$947k/year
Based on $22095.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $947k vs median $55,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oak bluffs, MA

Oak Bluffs is a charming town located on Martha's Vineyard in Massachusetts. Known for its beautiful beaches and vibrant cultural scene, Oak Bluffs offers a mix of natural beauty and historical significance. The town originally served as a summer resort for the wealthy in the 19th century, and today it retains much of its historic charm with colorful gingerbread cottages and a delightful waterfront. One of Oak Bluffs' main attractions is the Flying Horses Carousel, the oldest operating carousel in the United States, which dates back to 1876. The town also features a bustling harbor, perfect for sailing, fishing, and leisure activities. Visitors can enjoy the scenic Oak Bluffs Campground, which showcases a collection of quaint, historic cottages in a picturesque setting. In addition to its recreational offerings, Oak Bluffs hosts a variety of events throughout the year, including art shows, music festivals, and cultural celebrations that reflect the rich history and diversity of the area. With its welcoming atmosphere, Oak Bluffs is a popular destination for tourists seeking relaxation, outdoor adventures, and local culture on Martha's Vineyard.

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