$830,644Average Value$494Average Price per Sq Ft3Homes For Sale
Commuting convenience and home value
Banks Square is a section of Waltham, Massachusetts, conveniently positioned minutes from multiple transportation arteries, making it a key player in a burgeoning trend of new residents moving to the area. “The secret is out as far as Waltham is concerned,” says Dave DiGregorio, a Realtor with Coldwell Banker Realty, who was born and raised in Waltham and has over 27 years of local real estate experience. “Our market is booming here.” Banks Square, in particular, is ideally located, DiGregorio says. U.S. Route 20 crosses directly through the neighborhood, an east-to-west thoroughfare. Also, Interstate 95 sits just west of Bank Square, and Interstate 90 is located to the south. For those who take public transit, Banks Square offers several Massachusetts Bay Transportation Authority bus stops along Main Street and Tavern Road. With such commuting convenience, people who live in Banks Square tend to work all over the area. There’s a big biotech industry in Waltham, so some work in town. Others commute east to Cambridge and Boston or west to Framingham. “Our buyer pools are probably twice the average town, strictly because of our location,” DiGregorio says. According to DiGregorio, people are coming to Banks Square in droves, a mark not only of its location but also of its value, being less expensive than surrounding towns. “I can’t say enough about this town,” DiGregorio says.
Waltham train station is conveniently located near Banks Square.
Bank Square gives you many different bus stops for commuters.
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Multi-family homes on sidewalk-lined streets
The housing inventory stock in Banks Square mainly consists of homes built around the turn of the 20th century in the traditional Victorian and colonial styles of the time. However, there has been some new development in recent years, according to DiGregorio, where some of the older structures were torn down in place of new ones. Many Banks Square homes have multi-family layouts — mostly two-family to four-family constructions. DiGregorio says the neighborhood has "a few single families sprinkled in," along with some larger apartment buildings. “It’s all different stripes,” DiGregorio says. “That’s what’s nice about that area.” The neighborhood is lined with sidewalks, too — most of which are handicap accessible — so it is thoroughly walkable. Because the types of homes vary greatly, so do the sizes and prices. Sizes range from 960 to 4,200 square feet, and prices span from $420,000 to $1.4 million. There are entry-level options — like the first or second floor in a multi-family building — that can be purchased for around $450,000 to $600,000. Meanwhile, a newer townhome can sell for $1 million or more. Homes typically last on the market for two weeks or less. “Anything in Waltham sells quickly, and the Bank Square area sells particularly well,” DiGregorio says.
Homes in Bank Square include multifamily style homes.
Banks Square's convenient location makes it minutes from multiple transportation hubs.
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Plenty of green space
In terms of nearby recreation in Banks Square and Waltham, “You name it, we have it,” DiGregorio says. The roughly 19-acre Nipper Maher Park is a highlight within Banks Square. The facility includes a spray park for the kids to use in the summer, plus tennis courts and a walking path. Another destination, just north of Banks Square, is the 252-acre Prospect Hill Park, popular for its prime views of the Boston basin. Visitors also enjoy its “beautiful hiking trails and picnic area,” according to DiGregorio.
Nipper Park in Bank Square is enjoyed by many pets.
Nipper Park has multiple athletic fields for residents to enjoy.
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Highly-regarded nearby schools
Stanley Elementary, one of the Waltham Public Schools division’s locations, rated a B-minus by Niche, sits within Banks Square, while McDevitt Middle, also a B-minus, is located just outside the neighborhood on Church Street. Waltham Senior High School found 2 miles north, receives a B rating and features the Project Lead The Way STEM Elective Pathways program, where students can choose courses in either the Bio-Med or Engineering pathways. "I can tell you my experience with the school system has been top-notch,” says DiGregorio, whose kids attended Waltham Public Schools.
Students in Bank Square attend Waltham Senior High School.
Students in Bank Square attend Stanley Elementary School.
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Annual town festivals
Shopping and dining aren't the only fun to be had in and around Banks Square. Residents can enjoy a number of town events throughout the year. Some of the festivities include the Waltham Food, Wine and Craft Beer Festival, the Boston Salsa Festival featuring salsa dancing workshops and performances, and the Waltham Riverfest with live music, vendors, guided walks along the Charles River, a pet parade and more.
Popular restaurant hub nearby
Banks Square is right across the Charles River, roughly a mile from a bustling restaurant corridor called Moody Street. “People come from all over to have dinner on Moody Street,” DiGregorio says. He enjoys Tempo, a bistro that serves a range of dishes, from pan-seared sea scallops to Guinness-braised short ribs. “It’s always packed." There's also Domenic's Italian Bakery & Deli, which offers Italian fare made from cherished recipes, like the popular arancini, that date back to the 1800s. For a quick grocery run, there's a Hannaford Supermarket on nearby Russell Street, and those who love a Saturday afternoon browse for second-hand designer and vintage clothing and accessories can stop into Pali Thrifts & Gifts on Prospect Street.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Gary Rogers,
an experienced agent in this neighborhood.
Parks in this Area
Nipper Maher Park
Baseball/Softball
Basketball
Tennis
Cedarwood Playground
Basketball
Trails
Playground
Veteran Circle of Remembrance
Thompson Playground
Basketball
Picnic Area
Playground
Riverwalk Park
Trails
River
Landry Park
Transit
Airport
General Edward Lawrence Logan International
25 min drive
Bus
South St & Shakespeare Rd
Bus
Main St & Harvard St
Bus
Main St & Bacon St
Bus
Moody St & Main St
Bus
Main St & Hammond St
Bus
Bacon St & School St
Bus
South St & Bedford St
Crime and Safety
1 - Low Crime, 10 - High Crime
Bank Square
US
Homicide
4
4
Sexual Assault
3
4
Assault with Weapon
3
4
Robbery
5
4
Burglary
5
4
Motor Vehicle Theft
5
4
Larceny
5
4
Crime Score
4
4
Source: WhatIsMyCrimeRisk.com
Bank Square Demographics and Home Trends
On average, homes in Bank Square, Waltham sell after 20 days on the market compared to the national average of 49 days. The median sale price for homes in Bank Square, Waltham over the last 12 months is $712,500, up 3% from the median home sale price over the previous 12 months.
This fully rebuilt 2024 condo offers a modern blend of style, comfort, and convenience. Located just minutes from Brandeis University and Moody Street, it’s ideal for both homeowners and investors. Inside, you’ll find Boston ice white cabinetry, hardwood floors, and Calcutta quartz countertops within a bright, open concept layout. All major systems including central air, electrical, and roofing
Welcome to 75 Columbus Avenue-Unit 75, a charming 2-bedroom, 1.5-bath townhouse with a very impressive attached two-car garage and Central A/C. The first floor features hardwood floors, a bright and spacious living room with recessed lighting, and a modern kitchen with quartz countertops, pantry, laundry, plus a convenient half bath. Upstairs, you’ll find two generously sized bedrooms and a full
Nestled in a vibrant and accessible neighborhood, 69-71 Pond Street offers a unique opportunity for investors or owner-occupants seeking a well-maintained multi-family home. This two-family property boasts 2,660sqft of living space across three floors, situated on a 4,008-square-foot corner lot providing plenty of off-street parking. With its own entrance, the finished third floor is vacant and
Significantly renovated in 2015, this 2-family features extensive renovations including new electrical panels, separate utilities per unit, Navien on-demand heat & hot water units (installed 3/2022 & 9/2022), spray foam insulation and common laundry in very clean basement. 1 car garage + 1 parking in front of it accessed off Duddy Ave. APARTMENT 1 offers Kitchen, Living room with space for dining
We welcome you to the brand new, luxurious apartments at Alexan Waltham. With studio, 1, 2 and 3 bedroom plans we have something that will accentuate your lifestyle. We are perfectly situated in historic Waltham just minutes from downtown Boston with easy access to the commuter rail and major thoroughfares. If a night out is on the menu, Moody Street is just a short journey away with some of the
A charming single house in desirable Cedar wood community! This contemporary colonial offers modern living with stunning open floor plan. The bright living room flows into dining area, which seamlessly connects to a gourmet chef's kitchen featuring a breakfast nook, island bar, granite countertops, & updated stainless steel appliances. Sliding glass doors lead to a rear deck & a large fenced
At the Merc, our architecture and design are a reminder of the historic character of downtown Waltham, while also providing exciting, modern, energy-efficient, sustainable living. We're pleased to offer a robust amenity package, including a 24-hour fitness center with TechnoGym and Peloton equipment, outdoor gathering spaces with state of the art grills and fire pit, clubroom and lounge space for
Interested in learning more about homes in this area?
Reach out to
Gary Rogers,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
8,280
Median Age
35
Population Density
20 ppl/acre
Population under 18
19.4%
On par with the national average
23.8%
Population over 65
13.2%
Below the national average
19.1%
Finances
Median Household Income
$77,300
Above the national average
$71,702
Average Household Income
$106,055
Education and Workforce
High School Graduates
90.3%
College Graduates
56%
Above the national average
34.1%
Advanced Degrees
28.1%
Above the national average
13.3%
% Population in Labor Force
69.2%
Weather
Annual Precipitation
49''
Average Winter Low Temperature
18°F
Average Summer High Temperature
83°F
Annual Snowfall
20''
Area Factors
Very Bikeable
Bike Score®
73/ 100
Very Walkable
Walk Score®
87/ 100
Some Transit
Transit Score®
42/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
