Northborough, MA
Maps & Population Facts
Population
14,918
Population Density
807
Labor Participaton
70.9%
Bachelor's or Higher
55.3%
Median Household Income
$111,875
Median Individual Income
$55,634
Median Individual Income(Full-time Workers Only)
$80,101
Housing Estimates
Median House Value
$389,600
Median Gross Rent
$1,344
Median Mortgage Payment
$2,482
Housing Units
5,450
People who reside in Northborough live in:
Detached - Single Family Homes
79%
Apt, Condo, Other
21%
Analysis
Income
Households in Northborough earn significantly more money than the national median income, averaging 85% higher per household.
Housing
Northborough has a median house price of $389,600. The cost of homeownership is higher than most areas. The cost of renting in Northborough is 33% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 12% |
Demographics
The median age in Northborough is 44. Northborough has a population that is significantly older than in comparison to the US median age.
Northborough ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Northborough | Massachusetts | USA | |
| Median Property Value | 389,600 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,482 | 2,108 | 1,513 |
| Median Gross Rent | 1,344 | 1,208 | 1,012 |
| Property Vacancy | 3.1% | 10.0% | 12.6% |
| % Renters | 18% | 38% | 36% |
| Residents per Sq. Mi. | 807 | 885 | 93 |
Personal Comparison
| Northborough | Massachusetts | USA | |
| Median Household Income | 111,875 | 77,385 | 60,336 |
| Median Individual Income | 55,634 | 41,700 | 33,646 |
| Median Income (Full-Time) | 80,101 | 60,923 | 46,881 |
| Median Age | 43.7 | 39.5 | 38.1 |
| Labor Participation | 70.9% | 67.8% | 62.8% |
| Attained College Degree | 55.3% | 43.4% | 32.0% |
Population Density Analysis
Northborough, MA
807
Residents per Sq. Mile
The population density of Northborough is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +