Home prices
The median home in Chelsea costs $350,800. This is approximately $106,400 (23%) lower in comparison to its nearby areas.Compared to the country as a whole it is about $133,300 (61%) higher, and compared to the city of Boston is about $181,900 (34%) lower.
Rents
Chelsea's median rent is $1,419 a month. In comparison to nearby areas this is roughly $129 (8%) lower.In comparison to the nation as a whole it is roughly $357 (33%) higher, and compared to the city of Boston is approximately $201 (12%) lower.
Nearby places
Everett
Everett is Chelsea's neighbor to the northwest. Its housing prices are a little more expensive. The median home in Everett is valued at $405,800, which is $55,000 (13%) higher than Chelsea. The rent there is fairly similar. Everett's median rent is $1,454 a month, which is $35 (2%) higher than Chelsea.
Revere
Revere is Chelsea's neighbor to the northeast. The housing prices there are a bit more expensive. The price of the median home in Revere is $373,800, which is $23,000 (6%) higher than Chelsea. Rent there is fairly similar. The median monthly rent in Revere is $1,419, which is very similar to Chelsea.
Winthrop Town
Winthrop Town is about 2 miles southeast of Chelsea. The housing prices there are a bit more expensive. The median home in Winthrop Town costs $439,800, which is $89,000 (20%) higher than Chelsea. Rent there is similar. The median rent in Winthrop Town is $1,415 per month, which is very similar to Chelsea.
Malden
Malden is roughly 2 miles northwest from Chelsea. Housing prices there are a bit more expensive. The median home in Malden is valued at $401,900, which comes out to $51,100 (12%) higher than Chelsea. Rents there are a bit more expensive. In Malden the median monthly rent is $1,577, which comes out to $158 (10%) higher than Chelsea.
Somerville
Somerville is approximately 3 miles west from Chelsea. The housing prices there are a lot more expensive. The price of the median home in Somerville is $664,700, which comes out to $313,900 (47%) higher than Chelsea. Rents there are a bit more expensive. Somerville's median rent is $1,874 a month, which works out to $455 (24%) higher than Chelsea.
