Home Values in Medway, MA
The average home price in Medway, MA is approximately $725,000 (median), with homes trading at $350/sqft. Home values in Medway have appreciated at roughly 4.2% per year, reflecting strong ongoing demand from buyers prioritizing schools and commute access.
Census estimated median home value: $547K (ACS 2022 5-year). Current market prices typically run higher due to post-2022 appreciation.
✨The Vibe
Charming historic MetroWest town with excellent schools, strong community values, and suburban appeal at great value
What It's Really Like
Medway is that perfect MetroWest sweet spot—historic charm, excellent schools (8.2/10), strong community spirit, and great value compared to nearby towns. It's where families get Dover-quality schools at half the price.
Best For
- ✓Families seeking value with good schools
- ✓Historic home lovers
- ✓Community-minded buyers
- ✓MetroWest commuters
Avoid If
- ✗You need quick Boston access
- ✗You want urban amenities
- ✗You prefer ultra-luxury features
🌟Highlights
Insider Tips
- 💡Historic districts offer character homes
- 💡Strong youth sports and community programs
- 💡10 parks managed by Recreation Department
- 💡Growing business investment initiatives
Demographics
Source: Census ACS 2024 5-year estimates
Is Medway Safe?
Very Safe - 33% below MA average
Economic Profile
Religious Community
Housing Stock Age
Moderate Insurance Risk
Median home built in 1978. Insurance premiums estimated at $2,200/year. Some older homes may require system updates (electrical, plumbing, HVAC).
Insurance Cost Calculator
Estimate your annual homeowners insurance premium
Leave blank to use town median (1978)
30-Year Mortgage Impact
Total insurance cost over 30-year mortgage (equivalent to 0.3% of home value)
Age Penalty
This home costs $539 more per year to insure than a newly built home. Over 30 years, that's $16,170 in additional insurance costs.
Ways to Lower Your Premium
- Bundle home + auto insurance with same carrier (10-25% discount)
- Increase deductible from $500 to $2,500 (save 15-30%)
- Install monitored security system (5-20% discount)
- Update electrical panel and remove knob-and-tube wiring
- Replace roof with impact-resistant materials (save 5-15%)
- Upgrade plumbing to PEX or copper
- Complete full home inspection and address major issues
- Consider MAPFRE or Chubb for historic home coverage
* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.
Construction Era Distribution
Resources & Research
School Information
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Market Analysis
Break-even math, SALT cap impacts & decision framework for Boston buyers