Southborough, MA
Maps & Population Facts
Population
10,021
Population Density
715
Labor Participaton
69.5%
Bachelor's or Higher
67.4%
Median Household Income
$142,426
Median Individual Income
$62,802
Median Individual Income(Full-time Workers Only)
$94,889
Housing Estimates
Median House Value
$584,500
Median Gross Rent
$1,113
Median Mortgage Payment
$2,990
Housing Units
3,558
People who reside in Southborough live in:
Detached - Single Family Homes
86%
Apt, Condo, Other
14%
Analysis
Income
Households in Southborough earn significantly more money than the national median income, averaging 1.36% higher per household.
Housing
Southborough has a median house price of $584,500, which makes it one of the most expensive places in the United States to own property. The cost of renting in Southborough is 10% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 20% |
Demographics
The median age in Southborough is 43. Southborough has a population that is significantly older than in comparison to the US median age.
Southborough 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
| Southborough | Massachusetts | USA | |
| Median Property Value | 584,500 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,990 | 2,108 | 1,513 |
| Median Gross Rent | 1,113 | 1,208 | 1,012 |
| Property Vacancy | 4.3% | 10.0% | 12.6% |
| % Renters | 11% | 38% | 36% |
| Residents per Sq. Mi. | 715 | 885 | 93 |
Personal Comparison
| Southborough | Massachusetts | USA | |
| Median Household Income | 142,426 | 77,385 | 60,336 |
| Median Individual Income | 62,802 | 41,700 | 33,646 |
| Median Income (Full-Time) | 94,889 | 60,923 | 46,881 |
| Median Age | 42.5 | 39.5 | 38.1 |
| Labor Participation | 69.5% | 67.8% | 62.8% |
| Attained College Degree | 67.4% | 43.4% | 32.0% |
Population Density Analysis
Southborough, MA
715
Residents per Sq. Mile
The population density of Southborough 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 +