If you are looking for a new place to live in the Northeast, Somerville, MA real estate is definitely worth consideration, as this city is an awesome place that has seized many titles for itself. In 2015, it was named as one of the Top 10 Best Downtowns and in 2017, it grabbed a position in the Top 50 Best Cities for Entrepreneurs.
With so many commendations, there must be a reason why people just love this city. The truth is there is not just one reason, but rather five major reasons.
There are approximately 78,595 people living in Somerville with the average age being 31 years old. This median age speaks volumes about the city’s productivity. It is reflected by the ratio of owned and rented properties. Unlike its surrounding cities, over 60% of people in Somerville own their homes. This city is also ethnically diverse.
Energized Local Economy
Because most of its residents are of productive age, the local economy in Somerville is thriving. The median household income in this city is $73,106. Only 3% of the population is unemployed in Somerville compared to the nation’s 5.2%. The income taxes here are also lower than the nation’s average, which is only 5.1% to the US average of 4.6%.
Proximity to Great Education
Somerville is literally just a bus ride away from Boston where all the famous schools are. Harvard, MIT, and Boston University are easily reached via the public transportation system. If you are driving, it only takes 15 minutes to get to the Boston downtown area.
Public transportation in Somerville is very well-developed. Because of this, people don’t need to rely on private cars as much. Over 30% of people admit they commute to work every day via public transportation such as trains and buses.
Somerville is also the proud recipient of an 85 Walk Score out of 100. Walk Score is a number that measures the walkability within a city, and a score between 70 to 89 means you can reach most addresses on foot.
Low Crime Rate
When compared to the national average, the violent crime rate in Somerville is quite lower. The FBI recognizes these four offenses as a violent crime: murder and manslaughter, rape, robbery, and aggravated assault. According to Neighborhood Scout’s statistical analysis, there has been no murder recorded in Somerville. The rate of non-violent crime such as burglary and theft in Somerville is also well below the national median.
Affordable Real Estate
On average, the houses in Somerville cost around $469,200. Considering its proximity to the city, that is a very good deal. In Boston, the median home value is at $688,250. That number is expected to see an increase as much as 10% within the next year. A similar principle applies to renting properties. In Somerville, it cost around $1,521 to rent a house while in Boston, renting will set you back $2,800.
The city of Somerville sees about 197 days of sunny weather each year. The temperature, on average, can get as high as 83℉ in July and as low as 19℉ in January. People living in this area can expect the odds to be fairly good for having a White Christmas. Snowfall here is nearly double the national average. Somerville is among the most comfortable places to live in the United States climate-wise. The nation’s average comfort index is at 54, and Somerville score is 52.
Looking at all these attributes, no wonder Somerville leaves a sweet note on so many people’s hearts. This is a city that is perfect for people from different walks of life, including students, corporate employees, married couples, or a small family. To get more information on the real estate scene in Somerville, MA, contact expert exclusive buyer’s agents like those from Buyer’s Choice Realty. Call us Our Office: 978-468-2138.