Readers pointed me to two interesting rankings by the Boston Globe this week. One ranking looked at the year-over-year increase in median home prices in Massachusetts communities, the other at median family incomes. In both Southborough ranked among the top.
Highest increase in median home prices (#1 Southborough)
Recently published real estate data showed that median home prices in Massachusetts jumped 3.5 percent in 2010 compared to 2009. In Southborough the median home price increased a whopping 38.5 percent, making it the highest increase in the Commonwealth. In 2009 the median home price in Southborough was $390,000. In 2010 it was $540,000.
You can see the full ranking here. The Globe only considered towns with a minimum of 40 home sales.
Highest median family income (#13 Southborough)
The Globe also did a ranking of communities with the highest median family incomes. Southborough came in at #13 on the list with a median family income of $148,750. Towns ahead of us on the ranking included Sherbon, Carlisle, Weston, Wellesley, and Sudbury. See the full ranking here.
So, what do you think? Are you surprised by the data? Share your thoughts in the comments.
(Thanks to readers Wendy, Mike, and John for passing along the links.)