Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lowell area can be challenging. Home prices in Lowell are now at a median cost of $298,906, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,385/mo in Lowell, primarily driven by the current value of real estate in the Lowell area. While nearly 28.19% of residents own their homes outright in Lowell, 53.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lowell is $5,844 per month. Households that rent pay about 23.70% of their income on rent here. Lowell's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Dracut, MA: higher priced homes
- North Chelmsford, MA: higher priced homes
- Chelmsford, MA: higher priced homes
- North Billerica, MA: higher priced homes
- Tewksbury, MA: higher priced homes
- Tyngsboro, MA: higher priced homes
- Pelham, NH: higher priced homes
- Billerica, MA: higher priced homes
- Methuen, MA: higher priced homes
- Westford, MA: higher priced homes
Cities with Similar Populations
- Spring, TX: less expensive homes
- Stamford, CT: higher priced homes
- St. Charles, MO: less expensive homes
- Redondo Beach, CA: higher priced homes
- Richmond, TX: equally priced homes
- Richmond, VA: equally priced homes
- Rochester Hills, MI: equally priced homes
- Renton, WA: higher priced homes
- Salinas, CA: higher priced homes
- Rock Hill, SC: less expensive homes
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