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Devens

Learn about the people, housing, costs and businesses in Devens, Massachusetts

Median Home$703,571
Median Rent$1,152/month
Population1,648
Leading IndustriesArts, Food & Hospitality · Healthcare · Education20% arts, food & hospitality
Home Value Growth⬆⬆+13.5% over 2 years
Young Adults23% of residents
Homeowners73% of occupied units
NotableHigh Incomes$197k/year · top 1% nationally
NotableTransit87/100 · excellent transit access
Devens
MA

Frequently Asked Questions

What are today's mortgage rates in Devens?

As of today, the 30-year fixed mortgage rate for Devens is approximately 6.975% (7.014% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Devens?

The median home value in Devens is $704k. The median monthly rent is $1,152. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Devens?

Home values in Devens have increased 13.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Devens?

Based on a typical all-in ownership cost of $1,919/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Devens is $197k/year.

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What industries drive the economy in Devens?

The largest employment sectors in Devens are healthcare (23%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.