Affordable
Expensive
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These days, finding an affordable place to live in the Downtown Lowell area can be challenging. Home prices in Downtown Lowell are now at a median cost of $364,737, lower than the Lowell average of $430,778.
The average cost of rent is $1,544/mo in Downtown Lowell, primarily driven by the current value of real estate in the Downtown Lowell area. In Downtown Lowell, 78.86% of households rent, and 12.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Lowell is $5,129 per month. Households that rent pay about 30.10% of their income on rent here. Downtown Lowell’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Back Central, Lowell, MA: equally priced homes
- The Acre, Lowell, MA: equally priced homes
- Centralville, Lowell, MA: higher priced homes
- Belvidere, Lowell, MA: higher priced homes
- Highlands, Lowell, MA: higher priced homes
- South Lowell, Lowell, MA: equally priced homes
- Pawtucketville, Lowell, MA: higher priced homes
- Mt Vernon Park, Lawrence, MA: higher priced homes
- Frye Circle, Andover, MA: higher priced homes
- Southeast Nashua, Nashua, NH: less expensive homes
Neighborhoods with Similar Populations
- Ardmore, Winston-Salem, NC: less expensive homes
- Woodcreek Oaks, Roseville, CA: higher priced homes
- Atlantic City Inlet, Atlantic City, NJ: less expensive homes
- Burlingame Gate, Burlingame, CA: higher priced homes
- Bensville, Waldorf, MD: higher priced homes
- Berger, Dolton, IL: less expensive homes
- Biedeman, Camden, NJ: less expensive homes
- North India Mound, Kansas City, MO: less expensive homes
- Nashua Historic District, Nashua, NH: equally priced homes
- Nassau Shores, East Massapequa, NY: higher priced homes
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