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These days, finding an affordable place to live in the Newton Lower Falls area can be challenging. Home prices in Newton Lower Falls are now at a median cost of $1,238,794, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,646/mo in Newton Lower Falls, primarily driven by the current value of real estate in the Newton Lower Falls area. In Newton Lower Falls, 27.38% of households rent, and 27.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newton Lower Falls is $16,924 per month. Households that rent pay about 15.64% of their income on rent here. Newton Lower Falls’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Auburndale, MA: equally priced homes
- Waban, MA: higher priced homes
- Newton Upper Falls, MA: less expensive homes
- Wellesley, MA: higher priced homes
- Newton Highlands, MA: equally priced homes
- Newtonville, MA: equally priced homes
- Newton, MA: equally priced homes
- Weston, MA: higher priced homes
- Newton Center, MA: higher priced homes
- Needham, MA: equally priced homes
Cities with Similar Populations
- Wittenberg, WI: less expensive homes
- Mount Hermon, LA: less expensive homes
- Sidman, PA: less expensive homes
- Springville, IA: less expensive homes
- Toadvine, AL: less expensive homes
- Ubly, MI: less expensive homes
- Waterbury Center, VT: less expensive homes
- Inman, KS: less expensive homes
- Westcliffe, CO: less expensive homes
- Hegins, PA: less expensive homes
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