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Affordable
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These days, finding an affordable place to live in the Dracut area can be challenging. Home prices in Dracut are now at a median cost of $494,171, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,827/mo in Dracut, primarily driven by the current value of real estate in the Dracut area. In Dracut, 20.14% of households rent, and 33.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Dracut is $10,034 per month. Households that rent pay about 18.21% of their income on rent here. Dracut’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lowell, MA: less expensive homes
- Pelham, NH: higher priced homes
- North Chelmsford, MA: equally priced homes
- Tyngsboro, MA: higher priced homes
- Methuen, MA: higher priced homes
- Chelmsford, MA: higher priced homes
- Tewksbury, MA: higher priced homes
- North Billerica, MA: higher priced homes
- Methuen Town, MA: equally priced homes
- Hudson, NH: less expensive homes
Cities with Similar Populations
- Collegeville, PA: equally priced homes
- Burlington, NJ: less expensive homes
- Boone, NC: less expensive homes
- West Odessa, TX: less expensive homes
- Rockford, MI: less expensive homes
- Pullman, WA: less expensive homes
- Quebradillas, PR: less expensive homes
- Ramona, CA: higher priced homes
- Reisterstown, MD: less expensive homes
- Rochester, NH: less expensive homes
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