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These days, finding an affordable place to live in the Woburn area can be challenging. Home prices in Woburn are now at a median cost of $661,916, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,208/mo in Woburn, primarily driven by the current value of real estate in the Woburn area. In Woburn, 44.55% of households rent, and 31.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Woburn is $9,651 per month. Households that rent pay about 22.88% of their income on rent here. Woburn’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Winchester, MA: higher priced homes
- Burlington, MA: higher priced homes
- Stoneham, MA: equally priced homes
- Reading, MA: higher priced homes
- Lexington, MA: higher priced homes
- Wakefield, MA: equally priced homes
- Arlington, MA: higher priced homes
- Melrose, MA: higher priced homes
- Pinehurst, MA: equally priced homes
- Wilmington, MA: equally priced homes
Cities with Similar Populations
- Aventura, FL: less expensive homes
- Bangor, ME: less expensive homes
- Bartlesville, OK: less expensive homes
- Bartlett, IL: less expensive homes
- Bell Gardens, CA: less expensive homes
- Belton, TX: less expensive homes
- Bettendorf, IA: less expensive homes
- Braintree Town, MA: equally priced homes
- Willowbrook, CA: less expensive homes
- Calexico, CA: less expensive homes
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