Northampton, Massachusetts is a medium-sized city with a population of 28,534 residents. If we look at the most recent Census, Northampton is known to have a predominantly White population. The next two most common races are Asian and Black. Northampton has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 73% of the population is classified as married and 61% have kids.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Northampton could be a positive experience compared to other cities in Massachusetts if you know where to look. Finding the best places to live in Northampton and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, weather, education, employment, housing and other important metrics.
Northampton, MA receives 65 out of 100 for its livability score; this results in a ranking of #192 in Massachusetts and #17,715 in the USA. If we dig a little deeper into each category within the livability score, we see that Northampton has higher than average scores for the following: amenities (A+) and education (A). Unfortunately for Northampton, there are some categories for which it does not score well, this includes: cost of living (F), weather (D-) and housing (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Northampton, there is no shortage of amazing local amenities and interesting things to do. Some of the interesting things to do and attractions include: Smith College Botanic Garden, Frank Newhall Look Memorial Park, and Smith College Museum of Art.
Assuming that Northampton meets all of your requirements, the next most important item to examine is the affordability of real estate in Northampton. Everything else becomes a lot less important if it turns out that home prices in Northampton are simply unattainable. The median home price for Northampton homes is $313,200, which is 8.2% lower than the Massachusetts average. If we take a closer look at the affordability of homes in Northampton, we’ll see that the home price to income ratio is 5.1, which is 6.3% higher than the Massachusetts average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Northampton area were 8.8% and 5 year appreciation rates were 2.7%.
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