Magoun Square, Somerville, MA
Magoun Square — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Magoun Square, Somerville, Massachusetts. Explore the cited sources and local facts below while agent underwriting continues.
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Magoun Square Neighborhood Overview
Magoun Square is a vibrant, evolving neighborhood in Somerville, Massachusetts, centered around its namesake commercial intersection. It offers a dynamic mix of residential streets and local businesses, creating a strong sense of community. The area is known for its accessibility and ongoing development, attracting a diverse population of professionals, students, and families.
Lifestyle & Amenities
The neighborhood revolves around Magoun Square itself, which features a popular collection of restaurants, bars, and boutique shops. Residents enjoy a walkable lifestyle with easy access to essentials like a post office, pharmacy, and grocery options. The community calendar is often filled with local events, fostering a friendly and engaged atmosphere.
Real Estate Market
The real estate market in Magoun Square is competitive, reflecting its desirable location within the Greater Boston area. The median home value is approximately $784,800, while the median monthly rent is around $2,283. With a homeownership rate of 34%, the market consists of a blend of owner-occupied properties and rental units, including multi-family homes and newer condominium developments.
Schools & Education
Magoun Square is served by the Somerville Public Schools district, which manages several elementary schools in the city. The neighborhood is also in close proximity to a number of world-renowned higher education institutions. Families have access to various educational resources and community programs within the city.
Transportation & Connectivity
Magoun Square boasts excellent public transit access via the MBTA Green Line's Medford/Tufts branch, with a station located directly in the square. Multiple bus routes also serve the area, providing direct connections to Davis Square, Porter Square, and downtown Boston. For drivers, the neighborhood offers convenient access to major routes like Route 28 and is just minutes from Interstate 93.
Why Choose Magoun Square
Magoun Square is ideal for those seeking an energetic, connected urban neighborhood with a local, community-focused feel. It offers the perfect balance of residential calm and commercial convenience, all supported by top-tier public transportation. With a median household income of $113,469, it attracts residents who value accessibility, dining, and a dynamic living environment just outside of Boston's core.
Magoun Square Market Data
| Metric | Value |
|---|---|
| Median Home Price | $785K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $113K |
| Homeownership Rate | 33.9% |
| Renter-Occupied | 66.1% |
| Rental Vacancy Rate | 1.7% |
| Market Type | Seller's |
| Market Tier | Premium |
| Primary ZIP Code | 02145 |
Top Real Estate Agents in Magoun Square, Somerville
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Magoun Square, Somerville, MA. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Massachusetts Board of Registration of Real Estate Brokers and Salespersons — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12