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🏘️

Medway

29 min to Boston
"Historic MetroWest gem with strong schools and community spirit"
Median Price
$725,000
$350/sqft
School Rating
8.2/10
Great
Appreciation
4.2%
per year
Commute
29 min
to downtown

Financing Considerations

Properties in Medway typically typically qualify for conforming loans with more flexible underwriting standards.

Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.

✨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

🏫Strong schools (8.2/10) with A-rated district
🏛️Two historic districts (Village & Rabbit Hill)
🛡️Very safe (33% below MA crime average)
💰Excellent value for MetroWest location

Insider Tips

  • 💡Historic districts offer character homes
  • 💡Strong youth sports and community programs
  • 💡10 parks managed by Recreation Department
  • 💡Growing business investment initiatives

Demographics

Population
13,229
Median Age
41.1
Median Income
$179,869

Economic Profile

Remote Work
16.9%
work from home
Professional Workers
55.1%
knowledge economy
Broadband Access
94.1%
digital infrastructure
Homeownership
86.8%
owner-occupied
Poverty Rate
4.3%
below poverty line
Median Home Value
$547K
Census estimate
Data source: Census ACS 2022 5-year

Religious Community

Places of Worship
2
Churches
2
Historical Context: Oldest establishment dates to 1865• 2 established before 1900
Data Source: MassGIS 2025 (Updated 2025-02-03)

Housing Stock Age

Median Year Built
1978
47 years old
Pre-1940 Construction
2.4%
Lower risk
Post-2000 Construction
25.4%
Modern housing stock
Est. Annual Insurance
$2,200
Based on housing 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

$362,500$725,000$1,450,000

Leave blank to use town median (1978)

Annual Premium
$2,150
$179/month
vs. State Average
+7%
MA avg: $2,008/year
Risk Category
HIGH
Based on home age

30-Year Mortgage Impact

$64,500

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

2020+
85 units
2010-2019
9.3%
520 units
2000-2009
14.6%
820 units
1990-1999
17%
950 units
1980-1989
18.8%
1,050 units
1970-1979
19.6%
1,100 units
1960-1969
16.4%
920 units
1950-1959
12.1%
680 units
1940-1949
6.1%
340 units
Pre-1940
135 units
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Resources & Research

School Information

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Market Analysis

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Insurance & Risk

MA Insurance Crisis Guide →

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Home Buying Terms

Real Estate Glossary →

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View All Market Guides & Analysis →

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🚇

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$1,025,000

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🎨

Somerville

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