So many people have been moving to Massachusetts in the last few years to take advantage of the excellent summer weather, the fantastic economy, and the amazing housing prices. It’s become a great place to look at for those who are looking for new employment or new housing. If you are also thinking about making a move, then check out this list of the hottest housing markets that create a buzz in Massachusetts.
We’re going to have a look at some of the places in the state where the market is one fire for different reasons, whether it’s good prices or availability. Niche.com is a great resource to look at, and they do an incredible job of compiling all of the data to let you know which towns had great overall stats. These are great places to look for both investors and new homebuyers.
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1. Pelham, Massachusetts
This city has been ranked as the #1 Best Suburb to Buy a Home in Massachusetts, and it’s right on the coast of the Quabbin Reservoir. The town is very rural and has about 1,200 residents, but the prices of the homes are great for larger homes.
If you are looking for a quiet community that is out of the way, then Pelham has some great homes under 400k that are great for new owners or investors. It has highly rated schools and great features for families, which has made the town very popular in the last few years for new home buyers.
2. Palmer, Massachusetts
If you are looking to find some homes to flip, then head over to Palmer to get some of the best prices in the state. You can find plenty of incredible homes and quite a few large lots of property under 100k that are ideal for those who are looking to do some upgrades to an existing home or build their own from the ground up.
Undeveloped land is starting to be hard to come by in the country, and Palmer is 7% less expensive to live in than in the rest of the country, so this is an ideal spot for investors to jump on. You can find properties for a fraction of the cost that other states are selling land for, and the lots are very large, so you have enough room to build your dream home.
3. Winthrop
People love this delightful town that is situated right on the water, and they love the fantastic views they get from the gorgeous homes. The city has roughly 19,000 residents, and it’s become a great place to check out for anyone that is looking for a waterfront home.
The town is about a 40-minute drive from nearby Boston, so you can live close to the big city without paying the big city prices, and the residents love living close to the beautiful beaches surrounding the town. They also love the great schools along with the nearby nine-hole private golf course that allows them to practice their swing among the stunning views.
4. Newton
If you want a city with significant economic growth, you need to check out the real estate market in Newton. This city has seen incredible growth in the last few years, which is impressive considering the COVID-19 pandemic.
The area has high home prices, but they are likely going to get higher in the next few years, so now is one of the best times to invest if you can find some good property at good prices. The rental market is quite high, and the average rent is in the 3.6k range, so it’s the perfect place for investors.
5. North Adams
This picturesque town has plenty of great features and plenty of unique homes at incredible prices. North Adams has about 12,000 people, and it’s home to the largest contemporary art museum in the country, which means the city is chocked full of great culture. The city has quite a few homes available for under 100k, and these would make a great addition to your investment portfolio.
North Adams is full of notable historical buildings, and the architecture extends to the residential homes, with many of them sticking with a rustic or colonial look. This home style has exploded in popularity in the last few years, so now is the right time to think about buying up some of the great homes in North Adams.
If you have thought about buying some homes or properties in Massachusetts, then now is the best time to check out the availability for some of these markets. The houses are selling fast in these areas, so you should snap them up as quickly as you can. Massachusetts is a hidden gem when it comes to real estate, and you can make some great moves if you know where to look.
