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Methuen

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

Median Home$510,918
Median Rent$1,946/month
Population53,475
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration8% arts, food & hospitality
Home Value Growth⬆⬆+12.9% over 2 years
Young Adults28% of residentsnear the national average
Homeowners72% of occupied units
NotableHigh Incomes$108k/year · top 13% nationally
NotableAmenity Score68/100 · highly walkable area
Methuen Town
MA

Frequently Asked Questions

What are today's mortgage rates in Methuen?

As of today, the 30-year fixed mortgage rate for Methuen is approximately 6.851% (6.886% 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 Methuen?

The median home value in Methuen is $511k. The median monthly rent is $1,946. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Methuen?

Home values in Methuen have increased 12.9% 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 Methuen?

Based on a typical all-in ownership cost of $1,924/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 Methuen is $108k/year.

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What industries drive the economy in Methuen?

The largest employment sectors in Methuen are public administration (26%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.