Quick facts: Waban, MA

Quick Facts

119.6
Cost of Living
above US average
14,525
Population
2.07
Crime Rate per 1000
below US average
$200,000
Median Income
above US average
$2,475,000
Median House Price
above US average
$5640.86
Average Rent
above US average
3%
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 $200,000.

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Income Needed to Buy

βœ— Stretch
$776k/year
Based on $2,475,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $776k vs median $200,000
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Income Needed to Rent

⚠ Stretch
$242k/year
Based on $5640.86/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $242k vs median $200,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Waban, MA

Waban is a picturesque village located within the town of Newton, Massachusetts. Nestled just nine miles west of downtown Boston, it boasts a rich suburban charm combined with easy access to urban amenities. Known for its well-maintained residential areas, Waban features a range of beautiful homes, many with historic architecture, alongside modern constructions. The village is characterized by lush green spaces, including the scenic Waban Hill, which offers lovely views and trails for outdoor enthusiasts. Waban centers around a quaint shopping area where residents can find local eateries, boutiques, and essential services. The Waban Community Library is a beloved local resource, providing programs and activities for all ages. Education is a priority, with access to excellent public and private schools within the Newton school district. The village is well-connected by public transit, including the Green Line light rail, making commuting to Boston and surrounding areas convenient. Overall, Waban exemplifies a peaceful and family-friendly atmosphere while being in proximity to the vibrant culture and opportunities of the Greater Boston area.

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