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Tewksbury

40 min to Boston
"Route 495 value corridor—growing tech hub with family-friendly pricing"
Median Price
$675,000
$260/sqft
School Rating
7.5/10
Good
Appreciation
3%
per year
Commute
40 min
to downtown

Financing Considerations

Properties in Tewksbury 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

Middlesex County town transformed from rural farming community to Route 495 tech corridor value play—growing diversity and improving schools at accessible pricing

What It's Really Like

Tewksbury represents Route 495 corridor value—access to growing tech and biotech employers (particularly Burlington/Billerica/Lowell area) at $675K median pricing. Schools are solid (7.5/10, improving) and town has modern infrastructure with newer housing stock. Trade-offs include longer commute to Boston, car dependency, and less prestige than Route 128 towns. But for families who prioritize practical value and newer homes, it offers strong Middlesex County access at 30-40% discount vs. comparable Route 128 towns.

Best For

  • ✓Route 495 corridor workers (Billerica/Burlington/Lowell jobs)
  • ✓Tech professionals who can work remote or hybrid
  • ✓First-time buyers seeking Middlesex County access
  • ✓Families who want newer construction (2000s development)
  • ✓Value-conscious buyers who don't need brand-name towns

Avoid If

  • ✗You need a short commute to downtown Boston (45-60 min)
  • ✗You prioritize elite schools (7.5/10 is good, not great)
  • ✗You want walkable downtown (car-dependent suburb)
  • ✗You need MBTA rapid transit (commuter rail only, limited service)

🌟Highlights

💰$675K median—Route 495 corridor value
📚7.5/10 school rating (solid, improving)
🚛Route 495 access to tech/biotech corridor
🏠Newer housing stock (many 2000s-2010s homes)
👨‍👩‍👧‍👦Family-friendly with strong community
📈3% annual appreciation (growing area)
🌍Growing diversity (particularly Asian and Hispanic)
🏢Proximity to Billerica/Burlington job centers

Insider Tips

  • 💡Route 495 traffic is manageable but Boston commute is long (45-60 min)
  • 💡Town is investing in school facilities—check recent bond measures
  • 💡West Tewksbury has newer homes but higher prices
  • 💡East Tewksbury is more rural with larger lots
  • 💡Property tax rate is reasonable ($13-14 per $1K)
  • 💡Many residents work in Burlington/Billerica/Lowell tech hubs
  • 💡Limited walkability—plan for car-dependent lifestyle
  • 💡Commuter rail access via Lowell line (15-20 min drive to depot)
  • 💡Town has good recreational facilities (parks, sports fields)
  • 💡Check for highway noise if buying near Route 495

Demographics

Population
31,500
Median Age
43
Median Income
$110,000-$120,000

Economic Profile

Remote Work
9.9%
work from home
Professional Workers
50.6%
knowledge economy
Broadband Access
93.8%
digital infrastructure
Homeownership
83.5%
owner-occupied
Poverty Rate
3.3%
below poverty line
Median Home Value
$503K
Census estimate
Data source: Census ACS 2022 5-year

Religious Community

Places of Worship
4
Churches
4
Historical Context: Oldest establishment dates to 1734• 2 established before 1900
Data Source: MassGIS 2025 (Updated 2025-02-03)

Housing Stock Age

Median Year Built
1970
55 years old
Pre-1940 Construction
6.4%
Lower risk
Post-2000 Construction
22.8%
Modern housing stock
Est. Annual Insurance
$2,200
Based on housing age

Moderate Insurance Risk

Median home built in 1970. 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

$337,500$675,000$1,350,000

Leave blank to use town median (1970)

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+
150 units
2010-2019
8.4%
1,050 units
2000-2009
13.2%
1,650 units
1990-1999
15.6%
1,950 units
1980-1989
17.2%
2,150 units
1970-1979
18.8%
2,350 units
1960-1969
16%
2,000 units
1950-1959
12.4%
1,550 units
1940-1949
6.8%
850 units
Pre-1940
6.4%
800 units
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Resources & Research

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