Massachusetts is the forty-fourth largest state by area, with a population of 6,949,149 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape Massachusetts. The earliest colony established in 1620 with the arrival of the Pilgrims on the Mayflower. In 1773, a group of colonists boarded British East India Company ship and threw 92,000 pounds of tea overboard, which later became known as The Boston Tea Party and sparked the American Revolution. Subsequently, on the onset of the Revolutionary War, Paul Revere embarked on his "Midnight Ride" from Boston to Concord to warn colonists of the arrival of British Troops.
Today, Massachusetts' economy has a GDP of $575 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: financial services, technology, medicine, and life sciences, manufacturing, and fishing. Many of the leading Fortune 500 companies have their headquarters in Massachusetts, including General Electric, Liberty Mutual Insurance Group, TJX, and Raytheon, to name a few.
The most recognized cities in Massachusetts are Boston, Cambridge, and Worcester.
Boston is the capital of Massachusetts and has a population of 669,158. Boston is home to the Freedom Trail, Faneuil Hall Marketplace, Boston Common, and Fenway Park. Over the last ten years, Boston's housing market has appreciated by 75.54%. When compared to the rest of the nation, Boston's housing prices are higher, with the median home price of $455,100 and a median rent of $1,445.
Cambridge is just west of Boston and has a population of 110,893. Cambridge is home to the Museum of Science, Harvard Square, and MIT Museum. Over the last ten years, Cambridge's housing market has appreciated by 53.13%. When compared to the rest of the country, Cambridge's housing prices are significantly more expensive, with the median home price of $670,200 and a median rent of $1,880.
Worcester is near central Massachusetts and has a population of 184,743. Worcester is home to the Worcester Art Museum, EcoTarium, and Tower Hill Botanic Garden. Over the last ten years, Worcester's housing market has appreciated by 1.76% annually. When compared to the rest of the nation, Worcester's housing prices are slightly higher, with the median home price of $210,600 and a median rent of $1,015.
|Single Family Homes for sale in Massachusetts|
|Average List Price||$844,259|
|Average Price Per Square Feet||$724|
|Condos for sale in Massachusetts|
|Average List Price||$661,903|
|Average Price Per Square Feet||$519|
|Townhomes for sale in Massachusetts|
|Average List Price||$592,201|
|Average Price Per Square Feet||$291|