Stoneham, Massachusetts is a moderately-sized city with a population of 21,831 inhabitants. Stoneham has a population density of 3,630 people per square mile. This would be considered well above the national population density level. According to the most recent Census, 93% of Stoneham residents are White, 4% Asian and 2% Black. Stoneham has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 80% of the population is classified as married and 62% have kids.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Stoneham could be a positive experience compared to other cities in Massachusetts if you know where to search. To help you find the best places to live in and around Stoneham, AreaVibes has created a livability score using key metrics like amenities, crime, cost of living, employment, housing and more.
Stoneham, MA receives 75/100 for its livability score; this results in a ranking of #33 in Massachusetts and #5,087 in the USA. Clearly, Stoneham is doing something right, as this score ranks well above the average of most cities. Based on the grades for each individual category, Stoneham has been rewarded with high marks for amenities (A+), crime (A+), education (A+) and employment (B). Stoneham does not score well for the following: cost of living (F) and housing (D). It might be wise to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Stoneham, there is no shortage of amazing local amenities and interesting things to do.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Stoneham has a violent crime rate of 122 crimes per 100,000 residents which is far lower than the national average.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Stoneham have a test score average of 70%, which is well above the US average.
Assuming that Stoneham meets all of your requirements, the next most important item to examine is the affordability of real estate in Stoneham. Everything else becomes a lot less important if it turns out that home prices in Stoneham are simply unattainable. The median home price for Stoneham homes is $425,500, which is 24.8% higher than the Massachusetts average. If we take a closer look at the affordability of homes in Stoneham, we’ll see that the home price to income ratio is 5.1, which is 6.3% higher than the Massachusetts average. Real estate appreciation rates in Stoneham are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Stoneham homes comes in at 8.3%, and the 5 year appreciation rates were 7.6%.