Home prices
Lowell's median home value is $269,800. It is about $141,300 (34%) lower in comparison to its surrounding areas.In comparison to the entire country it is roughly $52,300 (24%) higher, and compared to the city of Boston it is approximately $262,900 (49%) lower.
Rents
In Lowell the median monthly rent is $1,158. In comparison to its surrounding areas this is roughly $261 (18%) lower.Compared to the nation as a whole it is approximately $96 (9%) higher, and is approximately $462 (28%) lower compared to the city of Boston.
Nearby places
Andover
Andover is roughly 7 miles east of Lowell. The real estate prices there are substantially more expensive. Andover's median home price is $564,200, which comes out to $294,400 (52%) higher than Lowell. Rent there is a bit less expensive. In Andover the median monthly rent is $1,006, which works out to $152 (15%) lower than Lowell.
Pinehurst
Pinehurst is about 7 miles southeast of Lowell. The housing prices there are significantly more expensive. The median home price in Pinehurst is $413,200, which comes out to $143,400 (34%) higher than Lowell. Rent there is substantially more expensive. Pinehurst's median monthly rent is $1,728, which comes out to $570 (32%) higher than Lowell.
Lawrence
Lawrence is about 7 miles northeast of Lowell. The housing prices there are similar. The median home in Lawrence costs $271,100, which is very similar to Lowell. Rents there are pretty similar. Lawrence's median rent is $1,145 a month, which is $13 (1%) lower than Lowell.
Methuen Town
Methuen Town is approximately 8 miles northeast of Lowell. Its real estate prices are a bit more expensive. Methuen Town's median home cost is $333,200, which comes out to $63,400 (19%) higher than Lowell. Rents there are a bit more expensive. In Methuen Town the median rent is $1,233 per month, which is $75 (6%) higher than Lowell.
Wilmington
Wilmington is approximately 8 miles southeast of Lowell. The housing prices there are a lot more expensive. The median home in Wilmington costs $473,800, which works out to $204,000 (43%) higher than Lowell. The rent there is a lot more expensive. Wilmington's median monthly rent is $1,981, which comes out to $823 (41%) higher than Lowell.
