Quick facts: Stoughton, MA

Quick Facts

119.6
Cost of Living
above US average
28,950
Population
4.21
Crime Rate per 1000
below US average
$86,000
Median Income
above US average
$599,900
Median House Price
above US average
$2601.27
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 $86,000.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $86,000
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Income Needed to Rent

⚠ Stretch
$111k/year
Based on $2601.27/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $111k vs median $86,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stoughton, MA

Stoughton, Massachusetts, is a quaint town located in Norfolk County, approximately 20 miles south of Boston. With a rich history dating back to its incorporation in 1726, Stoughton offers a blend of historic charm and modern living. The town is known for its diverse community, beautiful parks, and a strong sense of local pride. Stoughton has a vibrant downtown area featuring various shops, restaurants, and cafes, making it a delightful spot for both residents and visitors. The town's notable attractions include the Stoughton Historical Society and the local library, which serve to connect the community with its heritage. Outdoor enthusiasts can enjoy recreational activities at several parks, including the picturesque McDonald Park and the expansive recreation areas that provide playgrounds, walking trails, and sports facilities. Stoughton is also well-connected by public transportation, making it an accessible location for commuters traveling to Boston and other nearby cities. Overall, Stoughton offers a welcoming atmosphere with a strong community spirit, making it a wonderful place to live and visit.

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