Quick facts: Three rivers, MA

Quick Facts

119.6
Cost of Living
above US average
2,939
Population
17.01
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$299,000
Median House Price
above US average
$1500.0
Average Rent
above US average
10%
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 $65,000.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $65,000
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Income Needed to Rent

βœ“ Affordable
$64k/year
Based on $1500.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Three rivers, MA

Three Rivers is a village within the town of Palmer, located in Hampden County, Massachusetts. This quaint community lies near the confluence of the Quaboag River and the Ware River, making it an area rich in water-related activities and natural beauty. The village features a blend of residential neighborhoods, local shops, and small businesses, fostering a close-knit atmosphere. Historically, Three Rivers has roots in the industrial era, with several mills and factories that contributed to its growth. Today, many of these structures have been repurposed or are remnants of the past, adding character to the area. The nearby Quabbin Reservoir provides recreational opportunities such as hiking, fishing, and kayaking, attracting outdoor enthusiasts. Culturally, Three Rivers is home to a diverse community that celebrates various events throughout the year. The village's convenient location along Route 20 provides easy access to nearby cities and amenities. Overall, Three Rivers offers a blend of historical charm, community spirit, and natural beauty, making it a unique place to live or visit in Massachusetts.

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