Much like the surrounding areas, it's somewhat more expensive compared to the entire country. Compared to the city of Boston however, it's significantly less expensive.
Home prices
The price of the median home in Leominster is $241,800. It is is very similar in comparison to its surrounding areas.It is about $24,300 (11%) higher in comparison to the US as a whole, and compared to the city of Boston it is roughly $290,900 (54%) lower.
Rents
In Leominster the median rent is $973 a month. In comparison to its surrounding areas it is about $28 (2%) higher.In comparison to the US as a whole it is approximately $89 (8%) lower, and it is about $647 (39%) lower in comparison to the city of Boston.
Nearby places
Fitchburg
Fitchburg is Leominster's neighbor to the northwest. The housing prices there are a bit less expensive. The median home in Fitchburg costs $196,600, which comes out to $45,200 (22%) lower than Leominster. Rent there is pretty similar. In Fitchburg the median monthly rent is $1,016, which works out to $43 (4%) higher than Leominster.
Shirley
Shirley is roughly 5 miles east of Leominster. The real estate prices there are a little more expensive. Shirley's median home value is $258,600, which works out to $16,800 (6%) higher than Leominster. Rent there is a little less expensive. The median monthly rent in Shirley is $777, which is $196 (25%) lower than Leominster.
Clinton
Clinton is roughly 7 miles southeast from Leominster. The housing prices there are similar. The median home price in Clinton is $243,200, which is very similar to Leominster. Its rents are a bit more expensive. Clinton's median rent is $1,089 per month, which works out to $116 (10%) higher than Leominster.
Ayer
Ayer is about 8 miles east from Leominster. Real estate prices there are a bit more expensive. The median home in Ayer costs $316,600, which works out to $74,800 (23%) higher than Leominster. Its rents are pretty similar. The median rent in Ayer is $1,006 per month, which comes out to $33 (3%) higher than Leominster.
Gardner
Gardner is approximately 10 miles northwest of Leominster. Real estate prices there are a bit less expensive. The median home in Gardner costs $185,700, which works out to $56,100 (30%) lower than Leominster. Rents there are somewhat less expensive. Gardner's median monthly rent is $838, which comes out to $135 (16%) lower than Leominster.
