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These days, finding an affordable place to live in the Waltham area can be challenging. Home prices in Waltham are now at a median cost of $734,469, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,231/mo in Waltham, primarily driven by the current value of real estate in the Waltham area. In Waltham, 50.31% of households rent, and 38.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waltham is $10,390 per month. Households that rent pay about 21.47% of their income on rent here. Waltham’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Newtonville, MA: higher priced homes
- Newton, MA: higher priced homes
- Auburndale, MA: higher priced homes
- Watertown Town, MA: equally priced homes
- Belmont, MA: higher priced homes
- Weston, MA: higher priced homes
- Newton Lower Falls, MA: higher priced homes
- Waban, MA: higher priced homes
- Watertown, MA: higher priced homes
- Lexington, MA: higher priced homes
Cities with Similar Populations
- Brentwood, CA: higher priced homes
- Clermont, FL: less expensive homes
- Gilroy, CA: higher priced homes
- San Luis Obispo, CA: higher priced homes
- Mayaguez, PR: less expensive homes
- North Little Rock, AR: less expensive homes
- North Miami, FL: less expensive homes
- North Richland Hills, TX: less expensive homes
- Northglenn, CO: less expensive homes
- Port Orchard, WA: less expensive homes
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