Real Estate Relocation Guide To Massachusetts

Relocating from Chicago to Massachusetts is a major move. You’re crossing state lines and heading 875 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Boston or Springfield you can get a good idea of the Massachusetts landscape and locate the best area for you and your family.

We’ll start with the big picture… Massachusetts has an estimated population of 6.4 million* and around 7,800 square miles of land. The total number of housing units is 2,709,208, of which about 1.5 million are owner-occupied and 858,000 are inhabited by renters. Roughly 262,700, or 9.7 percent, of the residences in the state are vacant. The median home value in Massachusetts is $370,400 and the median household income is $59,963. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Massachusetts, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Massachusetts real estate has to offer…

About 22,000 homes in Massachusetts are new construction, developed in 2005 or after (another 109,000 were put up between 2000 and 2004). Massachusetts has its share of vintage charm as well with 996,100 residences built prior to 1940. The total number of detached, single-family houses across the state is 1.4 million, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Bay State, monthly mortgage costs in [Alabama] generally hover between $1,000 and 2,000+.

Relocation Resources

ABoston Lofts Massachusetts Real Estate

ERA Castelo Real Estate

Foley Real Estate

Boston Real Estate and Relocation with Charissa Pemper
One of the largest and most informative Boston real estate websites. Where you can research the entire buying and selling process as well as search through every property listed for sale in the Boston MLS!

Cape Cod Real Estate and Relocation
Gain access to thousands of Cape Cod, MA properties currently for sale.

Boston Real Estate for Sale

Priscilla Stolba Real Estate
Priscilla Stolba is a Mashpee realtor that sells Mashpee homes, condos, Falmouth land, and waterfront properties.

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com