The 10 Best Places To Buy A House In Massachusetts For 2022


Using science and data, we can tell you which places in Massachusetts have seen home prices rising and people flocking over the past year.

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Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2022.

There's a the age old question everyone thinks about when they decide to move to a city in Massachusetts:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Massachusetts, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Bay State.

To do that we are going to look at places in Massachusetts that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Massachusetts at the moment? That would be Palmer Town according to our analysis.

Here's a look at the top ten places to buy a home in Massachusetts for 2022.

What's the best place to buy a home in Massachusetts for 2022? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in Massachusetts and, for those of you on a budget, the cheapest places to live in Massachusetts.

For more Massachusetts reading, check out:

The 10 Best Cities To Buy A House In Massachusetts For 2022

Palmer Town, MA

Overall SnackAbility

6
/10

Population: 12,236
Median Home Price: $201,800
Population Change: -0.0%
Home Price Change: 2.4%
More on Palmer Town: PhotosHomes For Sale | Data

North Adams, MA

Overall SnackAbility

5
/10

Population: 12,897
Median Home Price: $149,300
Population Change: -0.5%
Home Price Change: 6.0%
More on North Adams: PhotosHomes For Sale | Data

Source: Public Domain
Overall SnackAbility

6
/10

Population: 15,930
Median Home Price: $266,100
Population Change: -0.2%
Home Price Change: 4.4%
More on Easthampton Town: Homes For Sale | Data

Southbridge Town, MA

Overall SnackAbility

5
/10

Population: 16,865
Median Home Price: $214,500
Population Change: -0.1%
Home Price Change: 8.1%
More on Southbridge Town: PhotosHomes For Sale | Data

Amesbury Town, MA

Overall SnackAbility

6
/10

Population: 17,474
Median Home Price: $351,400
Population Change: 0.2%
Home Price Change: 4.5%
More on Amesbury Town: PhotosHomes For Sale | Data

Newburyport, MA

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 18,197
Median Home Price: $608,300
Population Change: 0.7%
Home Price Change: 10.9%
More on Newburyport: PhotosHomes For Sale | Data

Source: Public Domain
Overall SnackAbility

6
/10

Population: 18,558
Median Home Price: $461,000
Population Change: 0.1%
Home Price Change: 4.8%
More on Winthrop Town: Homes For Sale | Data

Gardner, MA

Source: Public domain
Overall SnackAbility

6
/10

Population: 20,605
Median Home Price: $192,500
Population Change: -0.0%
Home Price Change: 3.7%
More on Gardner: PhotosHomes For Sale | Data

Melrose, MA

Overall SnackAbility

10
/10

Population: 28,054
Median Home Price: $599,600
Population Change: -0.2%
Home Price Change: 5.1%
More on Melrose: PhotosHomes For Sale | Data

West Springfield Town, MA

Overall SnackAbility

7
/10

Population: 28,527
Median Home Price: $235,200
Population Change: -0.3%
Home Price Change: 4.5%
More on West Springfield Town: PhotosHomes For Sale | Data

Methodology: How do you determine the best places to buy a home in Massachusetts for 2022?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Massachusetts. Put differently, the analysis will try to find places in Massachusetts with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2016-2020 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Massachusetts with the following caveats:

So of the 0 cities and towns in Massachusetts, only 52 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 52 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Palmer Town is the best potential gem in the not-so-rough in the Bay State.

Read on for more on these places.

Summary: The Best Places To Purchase A House In Massachusetts for 2022

There's our analysis of the best places to buy a house in Massachusetts. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more Massachusetts reading, check out:

Home Prices By City In Massachusetts

City Rank Median Home Price Population Change Home Price Increase
Palmer Town 1 $201,800 -0.0% 2.4%
North Adams 2 $149,300 -0.5% 6.0%
Easthampton Town 3 $266,100 -0.2% 4.4%
Southbridge Town 4 $214,500 -0.1% 8.1%
Amesbury Town 5 $351,400 0.2% 4.5%
Newburyport 6 $608,300 0.7% 10.9%
Winthrop Town 7 $461,000 0.1% 4.8%
Gardner 8 $192,500 -0.0% 3.7%
Melrose 9 $599,600 -0.2% 5.1%
West Springfield Town 10 $235,200 -0.3% 4.5%
Northampton 11 $337,100 0.1% 1.5%
Agawam Town 12 $233,400 -0.2% 1.2%
Gloucester 13 $435,200 0.4% 2.3%
Franklin Town 14 $432,800 1.2% 0.0%
Watertown Town 15 $599,100 1.0% 7.0%
Braintree Town 16 $489,600 -0.1% 7.3%
Marlborough 17 $365,200 -0.2% 4.8%
Chelsea 18 $369,900 -0.3% 5.4%
Holyoke 19 $197,700 -0.2% 1.0%
Woburn 20 $486,600 -0.0% 7.2%
Fitchburg 21 $216,500 -0.3% 10.1%
Westfield 22 $247,300 -0.4% 5.5%
Leominster 23 $261,300 -0.1% 8.1%
Beverly 24 $463,000 0.4% 5.9%
Pittsfield 25 $176,800 -0.6% 1.4%
Salem 26 $379,400 0.2% 3.3%
Barnstable Town 27 $399,700 0.2% 5.1%
Attleboro 28 $313,400 0.5% 7.0%
Everett 29 $434,300 0.3% 7.0%
Methuen Town 30 $350,200 0.5% 5.1%
Peabody 31 $419,500 0.2% 8.3%
Revere 32 $388,900 -0.5% 4.0%
Chicopee 33 $188,400 -0.4% 3.5%
Weymouth Town 34 $384,700 0.8% 2.5%
Taunton 35 $291,100 0.4% 7.1%
Medford 36 $551,900 1.1% 10.2%
Malden 37 $447,000 -0.4% 11.2%
Waltham 38 $574,000 -0.3% 7.0%
Haverhill 39 $319,400 0.4% 6.3%
Lawrence 40 $280,800 0.1% 3.6%
Somerville 41 $709,800 0.3% 6.8%
Newton 42 $952,100 -0.3% 4.1%
Fall River 43 $256,200 0.3% 5.8%
Lynn 44 $354,400 0.5% 9.7%
Quincy 45 $453,100 0.2% 5.7%
New Bedford 46 $239,000 0.1% 5.3%
Brockton 47 $279,600 0.2% 5.6%
Lowell 48 $285,200 0.0% 5.7%
Cambridge 49 $843,100 1.0% 9.7%
Springfield 50 $162,900 -0.3% 4.3%
Worcester 51 $241,800 0.0% 6.5%
Boston 52 $581,200 0.7% 9.1%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.