Massachusetts Tops Nation in Homebuyer Income Needs
Understanding Income Limits Across Massachusetts Counties Income limits vary significantly across Massachusetts, influenced by the diverse county landscapes. These contrasts are evident in household size and housing program eligibility thresholds. For a family of three, income limits can range from around $87,000 in North Attleboro to $119,000 in Medford and Waltham. For an individual, income limits go from $68,600 in Haverhill to $83,300 in Stoughton. Eastern counties like Essex, Middlesex, Norfolk, Plymouth, and Suffolk often have higher thresholds. These can even reach up to $205,335 in certain areas. The MassHousing program, established to assist first-time buyers, features income limits that can surprise many buyers with maximum limits reaching up to $153,900 depending on the community. The disparities reflect local housing market expectations and the need for accurate eligibility evaluations. These evaluations must consider both county and household dimensions. This ensures elig...