Why Live in Medford Hillside
Medford Hillside, a neighborhood in Medford, is highly favored by commuters due to its proximity to a newly opened Green Line station on the Boston-area subway system. This convenience is a major draw for residents, particularly those associated with nearby Tufts University. The neighborhood has an urban feel and is densely populated with early 20th-century homes, most of which feature colonial styling and multifamily layouts. Many of these properties are tenant-occupied, with a significant number leased by Tufts University students. The rental market here is robust, with monthly rents ranging from $3,000 to $5,000.
The demand for housing in Medford Hillside is intense, reflecting the broader trend in the city of Medford, where housing shortages have led to single-digit inventory levels and rising sale prices. Homes in this neighborhood typically sell for between $700,000 and $1.3 million, underscoring the competitive nature of the market. Despite the high demand and limited supply, the neighborhood's features make it an attractive place to live.
Medford Hillside's urban disposition is complemented by its close-knit community atmosphere. The area's colonial homes add a historic charm, while the multifamily layouts cater to a diverse population, including families, professionals, and students. The neighborhood's strategic location near Tufts University and the new Green Line station enhances its appeal, making it a practical choice for those who prioritize convenient transportation options. Overall, Medford Hillside offers a unique blend of urban living, historic architecture, and strong community ties, making it a sought-after neighborhood in Medford.
Frequently Asked Questions
Is Medford Hillside a good place to live?
Medford Hillside is a good place to live. Medford Hillside is considered fairly walkable and bikeable with great transit options. Medford Hillside has 7 parks for recreational activities. It is very dense in population with 54.1 people per acre and a median age of 32. The average household income is $132,273 which is above the national average. College graduates make up 62.5% of residents. A majority of residents in Medford Hillside are renters, with 57.6% of residents renting and 42.4% of residents owning their home. A
local real estate agent serving Medford Hillside can help you decide if this neighborhood is the right one for you. Learn more on our
Medford Hillside neighborhood guide.
Is Medford Hillside, MA a safe neighborhood?
Medford Hillside, MA is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Medford Hillside?
The median home price in Medford Hillside is $225,000. If you put a 20% down payment of $45,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,170 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $50K a year to afford the median home price in Medford Hillside. The average household income in Medford Hillside is $132K.
What are the best public schools in Medford Hillside?
The best public schools that serve Medford Hillside are:
What are the best private schools in Medford Hillside?
The best private schools that serve Medford Hillside are:
What are the most popular zip codes in Medford Hillside, Medford, MA?
What are the most popular neighborhoods near Medford Hillside, Medford, MA?
Are home prices dropping in Medford Hillside?
Yes, home prices in Medford Hillside are down 35% in the last 12 months.
Home Trends in Medford Hillside, MA
On average, homes in Medford Hillside, Medford sell after 17 days on the market compared to the national average of 70 days. The median sale price for homes in Medford Hillside, Medford over the last 12 months is $118,450, down 66% from the median home sale price over the previous 12 months.
Median Sale Price
$118,450
Median Single Family Sale Price
$425,000
Median 2 Bedroom Sale Price
$118,450
Median 1 Bedroom Sale Price
$250,000
Average Price Per Sq Ft
$338
Number of Homes for Sale
6
Last 12 months Home Sales
103
Median List Price
$225,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-66%