Thu. Feb 25th, 2021

5 Most Expensive Places to Buy a Home in Massachusetts

5 Most Expensive Places to Buy a Home in Massachusetts

Massachusetts is the epitome of New England charm and it’s no surprise that the residents have pride in calling it their home state. It has several well-known sports teams, a beautiful coast to enjoy in the summer, top-notch schools and universities, a rich history, and the winter months — though cold — are magical. If you’re thinking of buying a home in Massachusetts, there are several beautiful cities to consider and each offer something unique. Below is a list of the top five most expensive places to buy a property in Massachusetts, and you’ll quickly understand why the price tags are hefty.

Watertown

Watertown ranks as the fifth most expensive place to buy a home in Massachusetts, with a median home value of $559,700. Watertown is a city in Middlesex county and is a suburb of Boston with a population around 35,000. It’s considered one of the best places to live in Massachusetts and there are often quick sales due to its family-friendly environment and array of parks, restaurants, and bars. The city feel is a mix of urban and suburban, and it’s home to many young professionals.

Melrose

The fourth most expensive place to live in Massachusetts is the city of Melrose, which has a median home value of $570,300. Melrose is also in Middlesex County and is a suburb of Boston, just under 10 miles outside of the city. It has a population of roughly 28,000 and it’s a very family-friendly city with top-notch schools — perfect for families and young professionals. It’s a diverse city with a lovely, and safe, downtown area.

Somerville

The third most expensive place to live in Massachusetts is Somerville, which has a median property value of $664,700. The city’s population is roughly 80,000, and it has an urban suburban feel with a mix and renters and homeowners, though the majority rent. Being such a large city, it has many top-notch schools for residents to choose from and it also has plenty of entertainment and dining options. Residents get all the perks of living in a city but can also enjoy a unique community that appreciates the arts, local shops, and good food.

Cambridge

Cambridge ranks as the second most expensive place to buy a home in Massachusetts, with a median home value of $768,300. It’s located in Middlesex County with a population of roughly 115,000. Cambridge offers an urban feel with plenty of bars, restaurants, coffee shops, and parks. The public schools are highly rated, and the city is comprised of many young professionals. Cambridge is an expensive and popular place to live because it offers all the perks of being in a city, but with a little more peace and quiet.

Newton

Newton ranks as the most expensive place to live in Massachusetts, with a median home value of $914,700. The population is around 88,000 and it offers a much more suburban feel than the other cities ranked on this list. It’s a fantastic place for families, with top-notch schools and excellent public safety. There are a number of beautiful parks and green spaces, and easy access to shopping, restaurants, entertainment, bars, and coffee shops. This quiet, small town is a wonderful place to settle down.