Why Live in Centralville
Centralville, a neighborhood in Lowell, Massachusetts, is situated along a bend in the Merrimack River, offering a blend of urban and suburban living just over a mile from Downtown Lowell. Known for its community-oriented atmosphere, Centralville features a mix of historic and newer homes, including colonial styles such as traditional colonials, Dutch Colonials, and New Englanders, as well as a few Victorians. The area is characterized by its affordability and proximity to amenities, making it a popular choice for long-term residents. Centralville is highly walkable, with a variety of eclectic shops and restaurants, including local favorites like Top Donut, Cameo Diner, and Crown Fried Chicken. For groceries, residents frequent El Bombazo Meat Market or nearby Market Basket and Hannaford. The neighborhood is also close to UMass Lowell and offers convenient commuting options to Boston, 34 miles away, and New Hampshire, just 3 miles to the north. Centralville's parks, such as Hovey Park and McPherson Park, provide ample recreational opportunities, including playgrounds, athletic fields, and a public swimming pool. The Lowell Folk Festival, held annually in nearby Downtown Lowell, is a significant local event. While the local schools have mixed ratings, the neighborhood's vibrant community and historic charm continue to attract attention. Centralville is safer than the national average, adding to its appeal for potential homebuyers.
Frequently Asked Questions
Is Centralville a good place to live?
Centralville is a good place to live. Centralville is considered fairly walkable and bikeable with some transit options. Centralville has 6 parks for recreational activities. It is fairly dense in population with 13.1 people per acre and a median age of 36. The average household income is $77,735 which is below the national average. College graduates make up 16.5% of residents. A majority of residents in Centralville are renters, with 54.9% of residents renting and 45.1% of residents owning their home. A
local real estate agent serving Centralville can help you decide if this neighborhood is the right one for you. Learn more on our
Centralville neighborhood guide.
Is Centralville, MA a safe neighborhood?
Centralville, MA is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Centralville?
The median home price in Centralville is $482,500. If you put a 20% down payment of $96,500 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,500 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $107K a year to afford the median home price in Centralville. The average household income in Centralville is $78K.
What are the best public schools in Centralville?
The best public schools that serve Centralville are:
What are the best private schools in Centralville?
The best private schools that serve Centralville are:
What are the most popular zip codes in Centralville, Lowell, MA?
What are the most popular neighborhoods near Centralville, Lowell, MA?
Are home prices dropping in Centralville?
Yes, home prices in Centralville are down 2% in the last 12 months.
Home Trends in Centralville, MA
On average, homes in Centralville, Lowell sell after 55 days on the market compared to the national average of 70 days. The median sale price for homes in Centralville, Lowell over the last 12 months is $370,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$370,000
Median Single Family Sale Price
$439,000
Median Townhouse Sale Price
$360,000
Median 1 Bedroom Sale Price
$1,595,000
Average Price Per Sq Ft
$338
Number of Homes for Sale
7
Last 12 months Home Sales
83
Median List Price
$482,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
3%