Quick facts: Woods hole, MA

Quick Facts

119.6
Cost of Living
above US average
992
Population
10.08
Crime Rate per 1000
below US average
$72,031
Median Income
below US average
$1,675,000
Median House Price
above US average
$3066.67
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
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 $72,031.

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Income Needed to Buy

βœ— Stretch
$525k/year
Based on $1,675,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $525k vs median $72,031
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Income Needed to Rent

⚠ Stretch
$131k/year
Based on $3066.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $131k vs median $72,031
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Woods hole, MA

Woods Hole is a quaint village located in Falmouth, Massachusetts, on Cape Cod. Known for its picturesque waterfront and charming New England architecture, Woods Hole is primarily recognized for its scientific research facilities, including the Woods Hole Oceanographic Institution and the Marine Biological Laboratory. This small community has a rich history in maritime and marine research, making it a hub for scientists and researchers from around the globe. Woods Hole features stunning views of the harbor, quaint shops, and eateries that offer fresh seafood and local delicacies. The area is popular for outdoor activities such as sailing, kayaking, and biking along scenic trails. Visitors can explore the nearby beaches or take ferry services to Martha’s Vineyard. The village also hosts various events and festivals centered around marine science and community engagement. The character of Woods Hole reflects its blend of scholarly pursuits and picturesque coastal life, making it a unique destination for those interested in both science and nature. With a population that swells in the summer months, it offers a welcoming atmosphere year-round.

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