The 10 Best Places To Buy A House In Massachusetts For 2021


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

Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2021.

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 2021.

What's the best place to buy a home in Massachusetts for 2021? 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 2021

Palmer Town, MA

Overall SnackAbility

6
/10

Population: 12,237
Median Home Price: $197,000
Population Change: -0.1%
Home Price Change: 4.5%
More on Palmer Town: PhotosHomes For Sale | Data

North Adams, MA

Overall SnackAbility

5
/10

Population: 12,959
Median Home Price: $140,900
Population Change: -1.0%
Home Price Change: -2.4%
More on North Adams: PhotosHomes For Sale | Data

Source: Public Domain
Overall SnackAbility

7
/10

Population: 15,960
Median Home Price: $255,000
Population Change: -0.4%
Home Price Change: 2.4%
More on Easthampton Town: Homes For Sale | Data

Southbridge Town, MA

Overall SnackAbility

5
/10

Population: 16,887
Median Home Price: $198,400
Population Change: -0.0%
Home Price Change: 2.5%
More on Southbridge Town: PhotosHomes For Sale | Data

Greenfield Town, MA

Overall SnackAbility

6
/10

Population: 17,375
Median Home Price: $194,200
Population Change: -0.5%
Home Price Change: 2.9%
More on Greenfield Town: PhotosHomes For Sale | Data

Amesbury Town, MA

Overall SnackAbility

6
/10

Population: 17,434
Median Home Price: $336,200
Population Change: 0.3%
Home Price Change: 2.8%
More on Amesbury Town: PhotosHomes For Sale | Data

Newburyport, MA

Source: Public domain
Overall SnackAbility

10
/10

Population: 18,077
Median Home Price: $548,400
Population Change: 0.5%
Home Price Change: 6.5%
More on Newburyport: PhotosHomes For Sale | Data

Source: Public Domain
Overall SnackAbility

6
/10

Population: 18,542
Median Home Price: $439,800
Population Change: 0.0%
Home Price Change: 7.6%
More on Winthrop Town: Homes For Sale | Data

Gardner, MA

Overall SnackAbility

5
/10

Population: 20,610
Median Home Price: $185,700
Population Change: 0.3%
Home Price Change: 2.3%
More on Gardner: PhotosHomes For Sale | Data

Melrose, MA

Overall SnackAbility

10
/10

Population: 28,113
Median Home Price: $570,300
Population Change: -0.0%
Home Price Change: 12.1%
More on Melrose: PhotosHomes For Sale | Data

How do you determine the best places to buy a home in Massachusetts for 2021?

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 2015-2019 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 53 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 53 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.

There You Have It - The Best Places To Purchase A House In Massachusetts for 2021

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:

Detailed List Of The Best Places To Buy A Home In Massachusetts

City Rank Median Home Price Population Change Home Price Increase
Palmer Town 1 $197,000 -0.1% 4.5%
North Adams 2 $140,900 -1.0% -2.4%
Easthampton Town 3 $255,000 -0.4% 2.4%
Southbridge Town 4 $198,400 -0.0% 2.5%
Greenfield Town 5 $194,200 -0.5% 2.9%
Amesbury Town 6 $336,200 0.3% 2.8%
Newburyport 7 $548,400 0.5% 6.5%
Winthrop Town 8 $439,800 0.0% 7.6%
Gardner 9 $185,700 0.3% 2.3%
Melrose 10 $570,300 -0.0% 12.1%
Northampton 11 $332,100 -0.2% 3.2%
West Springfield Town 12 $225,100 -0.2% 1.4%
Agawam Town 13 $230,700 -0.2% 1.9%
Gloucester 14 $425,400 0.4% 7.5%
Franklin Town 15 $432,700 0.7% 3.0%
Watertown Town 16 $559,700 0.8% 7.3%
Braintree Town 17 $456,500 0.0% 4.5%
Marlborough 18 $348,500 -0.1% 4.5%
Chelsea 19 $350,800 0.4% 8.5%
Holyoke 20 $195,800 -0.3% 3.7%
Woburn 21 $453,900 0.0% 7.8%
Fitchburg 22 $196,600 -0.1% 3.0%
Westfield 23 $234,400 -0.4% 3.1%
Leominster 24 $241,800 0.1% 2.0%
Beverly 25 $437,300 0.4% 6.2%
Pittsfield 26 $174,300 -0.7% 1.0%
Salem 27 $367,200 -0.1% 5.8%
Barnstable Town 28 $380,400 0.2% 3.3%
Attleboro 29 $292,900 0.5% 3.5%
Everett 30 $405,800 0.6% 6.4%
Methuen Town 31 $333,200 0.5% 2.7%
Peabody 32 $387,400 0.1% 4.1%
Revere 33 $373,800 -0.5% 5.4%
Chicopee 34 $182,100 -0.4% 3.1%
Weymouth Town 35 $375,400 0.6% 5.4%
Taunton 36 $271,800 0.3% 4.3%
Medford 37 $500,800 -0.2% 7.8%
Malden 38 $401,900 -0.2% 5.2%
Waltham 39 $536,500 -0.3% 7.9%
Haverhill 40 $300,600 0.4% 5.4%
Lawrence 41 $271,100 0.1% 6.0%
Somerville 42 $664,700 0.6% 7.9%
Newton 43 $914,700 -0.1% 3.2%
Fall River 44 $242,200 0.1% 1.7%
Lynn 45 $323,100 0.1% 9.5%
Quincy 46 $428,600 0.1% 4.4%
New Bedford 47 $226,900 0.1% 4.0%
Brockton 48 $264,800 0.2% 7.9%
Lowell 49 $269,800 0.1% 7.4%
Cambridge 50 $768,300 0.8% 6.8%
Springfield 51 $156,200 -0.3% 2.5%
Worcester 52 $227,100 -0.0% 2.9%
Boston 53 $532,700 0.7% 9.3%

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.

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