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These days, finding an affordable place to live in the South Hamilton area can be challenging. Home prices in South Hamilton are now at a median cost of $826,555, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,200/mo in South Hamilton, primarily driven by the current value of real estate in the South Hamilton area. In South Hamilton, 15.30% of households rent, and 30.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Hamilton is $12,536 per month. Households that rent pay about 17.55% of their income on rent here. South Hamilton’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wenham, MA: higher priced homes
- Essex, MA: higher priced homes
- Beverly, MA: less expensive homes
- Manchester-By-The-Sea, MA: higher priced homes
- Ipswich, MA: equally priced homes
- Topsfield, MA: equally priced homes
- Little Neck, MA: equally priced homes
- Manchester, MA: higher priced homes
- South Essex, MA: higher priced homes
- Danvers, MA: less expensive homes
Cities with Similar Populations
- Closter, NJ: equally priced homes
- Colusa, CA: less expensive homes
- Columbus, NC: less expensive homes
- Columbia Station, OH: less expensive homes
- Colorado City, TX: less expensive homes
- Colonie, NY: less expensive homes
- Colbert, GA: less expensive homes
- Coats, NC: less expensive homes
- Coal Township, PA: less expensive homes
- Coal City, IL: less expensive homes
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