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Stoneham

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

Median Home$676,460
Median Rent$1,856/month
Population23,355
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services14% arts, food & hospitality
Home Value Growth+8.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners71% of occupied units
NotableHighly Educated30% bachelor's · 17% graduate · top 9% nationally
NotableHigh Incomes$118k/year · top 9% nationally
Stoneham
MA

Frequently Asked Questions

What are today's mortgage rates in Stoneham?

As of today, the 30-year fixed mortgage rate for Stoneham 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 Stoneham?

The median home value in Stoneham is $676k. The median monthly rent is $1,856. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Stoneham?

Home values in Stoneham have increased 8.4% over the past two years. This represents moderate growth. 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 Stoneham?

Based on a typical all-in ownership cost of $2,145/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $92k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Stoneham is $118k/year.

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What industries drive the economy in Stoneham?

The largest employment sectors in Stoneham are public administration (26%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.