Reverse Mortgage MA: Homeowner Info
This is an overview of reverse mortgage MA eligibility. Would you qualify for a reverse mortgage? How much money could you receive? Compare your own statistics with MA average, or various towns and cities across the state.
Home value affects the amount of money a borrower can get from a reverse mortgage; home ownership rate and the % of population over 65 points to the segment of the population that would qualify for a reverse mortgage.
Overview of Massachusetts:
Population: 6.6 Million
Median Home Value: $185,700
Home Ownership Rate: 62%
% Population Over 65: 14%
| Location | Population | Med. Home Value | Home Ownership Rate | % Population Over 65 |
|---|
| USA |
307,006,550 |
$119,600 |
66% |
13% |
| Massachusetts |
6,593,587 |
$185,700 |
62% |
14% |
| Agawam |
28,510 |
$132,000 |
74% |
17% |
| Attleboro |
43,283 |
$152,800 |
64% |
13% |
| Beverly |
39,538 |
$224,800 |
60% |
16% |
| Boston |
590,763 |
$190,600 |
32% |
10% |
| Brockton |
94,191 |
$128,300 |
55% |
12% |
| Cambridge |
101,365 |
$398,500 |
32% |
9% |
| Chelsea |
32,792 |
$149,200 |
29% |
11% |
| Chicopee |
54,428 |
$104,900 |
59% |
18% |
| Everett |
37,008 |
$164,500 |
41% |
15% |
| Fall River |
91,474 |
$132,900 |
35% |
17% |
| Fitchburg |
40,050 |
$112,100 |
52% |
15% |
| Franklin |
31,267 |
$227,100 |
81% |
8% |
| Gloucester |
30,564 |
$204,600 |
60% |
16% |
| Haverhill |
60,176 |
$159,200 |
60% |
13% |
| Holyoke |
39,765 |
$105,600 |
42% |
16% |
| Lawrence |
70,662 |
$114,100 |
32% |
10% |
| Leominster |
41,549 |
$140,500 |
58% |
14% |
| Lowell |
103,229 |
$134,200 |
43% |
11% |
| Lynn |
87,991 |
$145,200 |
46% |
13% |
| Malden |
55,595 |
$176,100 |
43% |
14% |
| Marlborough |
38,062 |
$190,600 |
61% |
12% |
| Medford |
55,681 |
$226,800 |
59% |
17% |
| Melrose |
26,666 |
$254,400 |
67% |
16% |
| Methuen |
44,259 |
$159,000 |
72% |
15% |
| New Bedford |
92,538 |
$113,500 |
44% |
17% |
| Newton |
82,819 |
$438,400 |
70% |
15% |
| Northampton |
28,592 |
$144,600 |
54% |
14% |
| Peabody |
51,734 |
$215,900 |
71% |
17% |
| Pittsfield |
43,497 |
$100,800 |
61% |
19% |
| Quincy |
91,058 |
$185,700 |
49% |
16% |
| Revere |
46,833 |
$168,200 |
50% |
17% |
| Salem |
41,343 |
$188,700 |
49% |
14% |
| Somerville |
74,554 |
$214,100 |
31% |
11% |
| Springfield |
151,176 |
$87,300 |
50% |
12% |
| Taunton |
56,074 |
$145,800 |
61% |
13% |
| Waltham |
59,352 |
$250,800 |
46% |
13% |
| Watertown |
32,165 |
$270,600 |
47% |
17% |
| Westfield |
40,460 |
$133,400 |
68% |
14% |
| Woburn |
37,010 |
$218,600 |
61% |
15% |
| Worcester |
175,454 |
$119,600 |
43% |
14% |
Source U.S. Census Bureau: State and County QuickFacts.
