Much like its nearby areas, it is significantly more expensive compared to the rest of the nation. Compared to the city of Boston however, it is a lot less expensive.
Home prices
The cost of the median home in Methuen Town is $333,200. In comparison to nearby areas it is about $9,980 (2%) lower.It is approximately $115,700 (53%) higher compared to the country as a whole, and is about $199,500 (37%) lower compared to the city of Boston.
Rents
In Methuen Town the median monthly rent is $1,233. In comparison to the surrounding areas it is roughly $38 (3%) higher.It is roughly $171 (16%) higher compared to the rest of the country, and in comparison to the city of Boston is approximately $387 (23%) lower.
Nearby places
Lawrence
Lawrence is Methuen Town's neighbor to the southeast. Its real estate prices are a little less expensive. Lawrence's median home value is $271,100, which is $62,100 (22%) lower than Methuen Town. Its rents are a bit less expensive. In Lawrence the median rent is $1,145 per month, which is $88 (7%) lower than Methuen Town.
Haverhill
Haverhill is Methuen Town's neighbor to the northeast. Real estate prices there are somewhat less expensive. Haverhill's median home price is $300,600, which is $32,600 (10%) lower than Methuen Town. Rent there is fairly similar. The median monthly rent in Haverhill is $1,208, which comes out to $25 (2%) lower than Methuen Town.
Andover
Andover is roughly 5 miles south from Methuen Town. The real estate prices there are substantially more expensive. The median home cost in Andover is $564,200, which works out to $231,000 (40%) higher than Methuen Town. Its rents are a little less expensive. Andover's median monthly rent is $1,006, which is $227 (22%) lower than Methuen Town.
Lowell
Lowell is approximately 8 miles southwest from Methuen Town. The housing prices there are a little less expensive. The median home price in Lowell is $269,800, which comes out to $63,400 (23%) lower than Methuen Town. The rent there is a little less expensive. The median rent in Lowell is $1,158 per month, which comes out to $75 (6%) lower than Methuen Town.
Londonderry
Londonderry is roughly 10 miles northwest from Methuen Town. Housing prices there are a little less expensive. The median home in Londonderry is valued at $310,200, which comes out to $23,000 (7%) lower than Methuen Town. Its rents are somewhat more expensive. In Londonderry the median rent is $1,459 a month, which is $226 (15%) higher than Methuen Town.
