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ZIP 02940 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02940

Median Home Value
$293,700
Median Rent
$957
Affordability Snapshot
$81,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,887/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

25.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02940, a household would need roughly $81,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,887. That is about 55% above the local median household income ($52,295), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
43.1%-34% vs US avg
x
Vacancy Rate
11.9%+16% vs US avg
x
Broadband Access
83.5%-4% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
11.3%-77% vs US avg
x
Mortgage-Free
25.8%-32% vs US avg
x
$293,700
Home Value
$957
Rent
1938
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached26.8%
  • 1-unit attached4.4%
  • 2-9 units57.6%
  • 10+ units11.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$293,700
Median rent$957
Owner-occupied43.1%
Vacant11.9%
Price-to-income5.6x
Est. income to buy$81,000