Property Prices in Somerville, MA, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 5.28 |
| Mortgage as Percentage of Income: | 44.99% |
| Loan Affordability Index: | 2.22 |
| Price to Rent Ratio - City Centre: | 12.74 |
| Price to Rent Ratio - Outside of Centre: | 10.01 |
| Gross Rental Yield (City Centre): | 7.85% |
| Gross Rental Yield (Outside of Centre): | 9.99% |
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Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,866.67 $ | |
| Apartment (1 bedroom) Outside of Centre | 2,675.00 $ | |
| Apartment (3 bedrooms) in City Centre | 4,533.33 $ | |
| Apartment (3 bedrooms) Outside of Centre | 4,466.67 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 699.99 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 525.00 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 6,248.50 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.90 |
These data are based on 20 entries in the past 18 months from 3 different contributors.
Last update: October 2024
Sources and References
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Nearby cities:| Property Prices in Cambridge, Massachusetts | 1.22 miles |
| Property Prices in Boston, Massachusetts | 3.71 miles |
| Property Prices in Malden, Massachusetts | 4.64 miles |
| Property Prices in Beverly, Massachusetts | 26.07 miles |
| Property Prices in Worcester, Massachusetts | 47.41 miles |
| Property Prices in Providence, Rhode Island | 53.62 miles |
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