Boston Magazine: Medford Top Place for Starter Homes

Boston Magazine has included Medford on its annual Best Places to Live list in the “starting out” category. The magazine cites Medford’s median home price ($355,000) and its short commute to Boston as reasons “young, urban” buyers would purchase their first home here.

Here is what the magazine had to say about Medford:

“Medford used to get a bum rap as the depressed little burg on the far side of the Mystic. Today, though, the city’s open space, new riverside bike path, and happening restaurant scene are attracting young creatives in droves. More than a quarter of the population is between 20 and 35, and no wonder, with single-family homes a third less expensive than similar properties in neighboring Somerville. First-time buyers also flock to two new waterfront developments, River’s Edge and Station Landing, which offer mixed residential and retail use and are within walking distance of the T. And though the Green Line extension is expected to stop here when (if?) it’s completed in 2019, even without that project you can zip into the city via the Orange Line or commuter rail. Oh, and Medford boasts one of the lowest tax rates in the region.”

– InsideMedford.com

This entry was posted on Thursday, February 28th, 2013 at 5:46 am and is filed under Around Medford, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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