Frequently Asked Questions About The Point
Is The Point a good place to live?
The Point is a good place to live. The Point is considered very walkable and bikeable with some transit options. The Point has 3 parks for recreational activities. It has a median age of 35. The average household income is $49,605 which is below the national average. College graduates make up 22.2% of residents. A majority of residents in The Point are renters, with 86.5% of residents renting and 13.5% of residents owning their home. A local real estate agent serving The Point can help you decide if this neighborhood is the right one for you. Learn more on our The Point neighborhood guide.
How much do you need to make to afford a house in The Point?
The median home price in The Point is $372,447. If you put a 20% down payment of $74,500 and had a 30-year fixed mortgage with an interest rate of 6.76%, your estimated principal and interest payment would be $1,930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $83K a year to afford the median home price in The Point. The average household income in The Point is $50K.
What are the best public schools in The Point?
The best public schools that serve The Point are:
- Salem High School has a B- Niche grade, a student teacher ratio of 9:1 and an average review score of 3.6.
- Carlton Elementary School has a B- Niche grade and a student teacher ratio of 9:1.
- Saltonstall School has a C+ Niche grade and a student teacher ratio of 12:1.
What are the best private schools in The Point?
The best private schools that serve The Point are:
- Tower School has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 5.0.
- St John The Baptist School has a student teacher ratio of 13:1.
- The Phoenix School has a student teacher ratio of 8:1.
What are the most popular zip codes in The Point, Salem, MA?
What are the most popular neighborhoods near The Point, Salem, MA?
The most popular neighborhoods near The Point, Salem, MA are South Salem, Downtown Salem, Derby Street, Broad Street and Salem Common.
