Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Medway area can be challenging. Home prices in Medway are now at a median cost of $464,744, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,362/mo in Medway, primarily driven by the current value of real estate in the Medway area. While nearly 22.75% of residents own their homes outright in Medway, 12.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Medway is $12,144 per month. Households that rent pay about 11.21% of their income on rent here. Medway's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Millis, MA: equally priced homes
- Holliston, MA: higher priced homes
- Franklin Town, MA: equally priced homes
- Harding, MA: higher priced homes
- Milford, MA: less expensive homes
- Norfolk, MA: higher priced homes
- Hopedale, MA: less expensive homes
- Bellingham, MA: less expensive homes
- Sherborn, MA: higher priced homes
- North Milford, MA: equally priced homes
Cities with Similar Populations
- Alcoa, TN: less expensive homes
- Allegan, MI: less expensive homes
- Alma, AR: less expensive homes
- Angeles, PR: less expensive homes
- Pedley, CA: equally priced homes
- Orting, WA: less expensive homes
- Ortonville, MI: less expensive homes
- Osceola, IN: less expensive homes
- Oskaloosa, IA: less expensive homes
- Oxford, CT: less expensive homes
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