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Lee/Berkshire Hills in Farmington River Regional (7-12)

Learn about the people, housing, costs and businesses in Lee/Berkshire Hills in Farmington River Regional (7-12), Massachusetts

Median Home$383,300
Median Rent$1,308/month
Population2,618
Leading IndustriesEducation · Wholesale Trade · Manufacturing5% education
Home Value Growth⬆⬆⬆+37.4% over 2 years
Retirees28% of residentswell above average
Homeowners92% of occupied units
NotableHigh Incomes$107k/year · top 28% nationally
Lee/Berkshire Hills in Farmington River Regional (7-12)
MA

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Frequently Asked Questions

What are today's mortgage rates in Lee/Berkshire Hills in Farmington River Regional (7-12)?

As of today, the 30-year fixed mortgage rate for Lee/Berkshire Hills in Farmington River Regional (7-12) is approximately 6.869% (6.900% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lee/Berkshire Hills in Farmington River Regional (7-12)
What is the median home price in Lee/Berkshire Hills in Farmington River Regional (7-12)?

The median home value in Lee/Berkshire Hills in Farmington River Regional (7-12) is $383k. The median monthly rent is $1,308. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lee/Berkshire Hills in Farmington River Regional (7-12)?

Home values in Lee/Berkshire Hills in Farmington River Regional (7-12) have increased 37.4% 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 Lee/Berkshire Hills in Farmington River Regional (7-12)?

Based on a typical all-in ownership cost of $1,374/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lee/Berkshire Hills in Farmington River Regional (7-12) is $107k/year.

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What industries drive the economy in Lee/Berkshire Hills in Farmington River Regional (7-12)?

The largest employment sectors in Lee/Berkshire Hills in Farmington River Regional (7-12) are public administration (18%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.