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Go west young homebuyer, part II: Western Massachusetts

Posted by Scott Van Voorhis  February 16, 2012 10:58 AM
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My wife went to Smith and I was born in Greenfield. And we'd both move out to Western Massachusetts with our kids in a heartbeat if we could.

Of course, there is just one little problem with that plan - money. Greater Boston is where the jobs are, not Greenfield or even Northampton or Amherst, unless you are an academic.

The jobless rate in Middlesex County, home of the western suburbs, is in the 5 percent range - almost half what it is in parts of Western Massachusetts.

Still, if you can find a way to swing it, you can find some killer home prices and probably a better pace and lifestyle than status obsessed, traffic clogged Greater Boston.

You can easily get a home under $300,000 - and in many cases under $200,000.

OK, maybe living in a post industrial city is not your thing, though it's hard to beat Springfield's median price, which fell roughly 10 percent last year to $108,000, according to The Warren Group, the real estate publisher and data firm.

But West Springfield isn't so bad - you can snag a home for $179,900. Ditto for Greenfield, where the median price is $160,000. For that matter, Chicopee's median price is $145,000.

At the other end, some of the more trendy towns in Western Massachusetts will cost more to get into.

Yet they make even middling Boston area towns like Natick, median price of $387,000, and Franklin, which weighs in at $362,000, look outrageously expensive.

The median home price in Northampton, which has a great, funky downtown, is $250,000, while in Amherst it is $311,000. In Williamstown, the median home price is $300,000

So where would you rather live? Northampton or Franklin? Amherst or Natick?

There's no debate as far as I'm concerned.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.
Rona Fischman is a buyer's agent who provides a look at the local housing scene, from basements to attics.
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