GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Towns In Ma

Statistics on the most expensive towns in MA show a wide range of property values, with the top towns often being located in affluent suburbs outside of major cities like Boston.

With sources from: bostonmagazine.com, census.gov, niche.com, realtor.com and many more

Statistic 1

Dover, MA, has a median home price of $1,010,000.

Statistic 2

The median home price in Lincoln, MA is $989,000.

Statistic 3

The cost of living in Newton, MA is 79% higher than the national average.

Statistic 4

Wellesley, MA spends an average of $15,000 per student annually on education.

Statistic 5

Wellesley, MA has a median home price of $1,400,000, making it the second most expensive town in the state.

Statistic 6

Lexington, MA has a median home price of $1,100,000.

Statistic 7

Concord, MA has one of the highest public school quality ratings in the country.

Statistic 8

Property values in Winchester, MA have increased by 8% year-over-year.

Statistic 9

The average property tax bill in Weston, MA is $25,000 per year.

Statistic 10

Dover, MA is known for its large estates and low-density housing, contributing to its high property values.

Statistic 11

Lincoln, MA has a population density of only 400 people per square mile which helps to maintain high property values.

Statistic 12

Winchester, MA has a median home price of $1,025,000.

Statistic 13

Brookline, MA, a popular residential area for professionals, is among the top 5 most expensive towns.

Statistic 14

Brookline, MA has a median home price of $1,150,000.

Statistic 15

The average household income in Newton, MA is around $153,000.

Statistic 16

Property taxes in Wellesley, MA are among the top five highest in the state.

Statistic 17

Median household income in Weston, MA exceeds $200,000.

Statistic 18

Weston, MA has the highest median home price in Massachusetts at approximately $1,900,000.

Statistic 19

The median rent in Lexington, MA is approximately $3,500 per month.

Statistic 20

Concord, MA ranks among the top 10 most expensive towns with a median home price of $1,200,000.

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In this post, we will explore the most expensive towns in Massachusetts based on various statistics related to housing prices, cost of living, education expenditures, and property taxes. From Dover’s luxurious estates to Weston’s opulent residences, we will delve into the data that highlights these exclusive neighborhoods in the state. Let’s dive into the numbers that define the high-end real estate landscape of Massachusetts.

Statistic 1

"Dover, MA, has a median home price of $1,010,000."

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Statistic 2

"The median home price in Lincoln, MA is $989,000."

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Statistic 3

"The cost of living in Newton, MA is 79% higher than the national average."

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Statistic 4

"Wellesley, MA spends an average of $15,000 per student annually on education."

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Statistic 5

"Wellesley, MA has a median home price of $1,400,000, making it the second most expensive town in the state."

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Statistic 6

"Lexington, MA has a median home price of $1,100,000."

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Statistic 7

"Concord, MA has one of the highest public school quality ratings in the country."

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Statistic 8

"Property values in Winchester, MA have increased by 8% year-over-year."

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Statistic 9

"The average property tax bill in Weston, MA is $25,000 per year."

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Statistic 10

"Dover, MA is known for its large estates and low-density housing, contributing to its high property values."

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Statistic 11

"Lincoln, MA has a population density of only 400 people per square mile which helps to maintain high property values."

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Statistic 12

"Winchester, MA has a median home price of $1,025,000."

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Statistic 13

"Brookline, MA, a popular residential area for professionals, is among the top 5 most expensive towns."

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Statistic 14

"Brookline, MA has a median home price of $1,150,000."

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Statistic 15

"The average household income in Newton, MA is around $153,000."

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Statistic 16

"Property taxes in Wellesley, MA are among the top five highest in the state."

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Statistic 17

"Median household income in Weston, MA exceeds $200,000."

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Statistic 18

"Weston, MA has the highest median home price in Massachusetts at approximately $1,900,000."

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Statistic 19

"The median rent in Lexington, MA is approximately $3,500 per month."

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Statistic 20

"Concord, MA ranks among the top 10 most expensive towns with a median home price of $1,200,000."

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Interpretation

In conclusion, the statistics reveal a clear picture of the most expensive towns in Massachusetts, with affluent areas such as Wellesley, Weston, and Brookline standing out for their high property values and income levels. These towns not only boast luxurious homes but also invest significantly in education and public services, contributing to their desirability. The data highlights the varying factors that influence property prices, from population density and school quality to income levels and cost of living, showing the complexity of real estate markets in these upscale communities.

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