Winthrop, Massachusetts, is a great place to find beautiful waterfront homes at fantastic prices. The town has about 19,000 residents, and it's located in a great spot that is right on the water of Broad Sound. If you were wondering if Winthrop is an excellent place to find investment homes, keep reading to find out the answer.
Where is Winthrop?
Winthrop is located in the eastern part of Massachusetts, and it's just an 18-minute drive from the nearby city of Boston. The location makes it one of the best spots to find housing if you want to commute to the bigger city. The town is located on the water, so most homes offer fantastic waterfront views and beachside experiences.
The town's motto is "Where the North Shore Begins," and that is definitely true as it has long sandy beaches that stretch over the coastal side. The beaches are full of visitors and locals that love to enjoy the crisp air and watch the waves crash against the shore. They also love spending their time fishing, golfing, or enjoying some of the amazing restaurants in the city.
What is Winthrop like?
The town is well known by locals for being a cute coastal town with tons of charm. Residents love the fantastic location, and they enjoy being so close to all of the great things that Boston has to offer. There are only two ways to get in and out of the city which can sometimes make it tricky during high traffic times, but that seems to be the only complaint the residents have of the delightful town.
The town has a steady economy, but most of the residents work in Boston or study at some of the excellent post-secondary schools in the nearby area, like Harvard and MIT. Boston also has a booming technology sector and a large number of visitors every year that come to experience the area's rich history.
The city is one of the oldest communities in the United States, and it was formed in 1603. There are quite a few historical buildings and museums around the city that can tell you more about its fascinating history. The town also has five places that are registered on the National Register of Historic Places, including the Fort Banks Mortor Battery and Dean Winthrop's house.
Does Winthrop have good schools?
If you have school-aged children in your family, then you're in luck. Winthrop has excellent schools for every age in the Winthrop Public School system, along with multiple preschools for your little ones. Let's take a peek at some of the schools in the city.
William T. Gorman Fort Banks Elementary School is for grades Pre-k through 2, and the school has about 400 students and a student-to-teacher ratio of 12 to 1.
Arthur T Cummings Elementary School is for grades 3 through 5. The school has roughly 400 students and a student-to-teacher ratio of 12 to 1.
Winthrop Middle School is for students in grades 6 through 8. The school has around 450 students and a student-to-teacher ratio of 13 to 1. Both Winthrop Middle School and Winthrop High School are located in the same building, but they are separate schools.
Winthrop Senior High School caters to students in grades 9 through 12, and they have close to 600 students and a student-to-teacher ratio of 14 to 1.
What is real estate like in Winthrop?
The homes in Winthrop are fantastic, and many of them have incredible views of the nearby water. Some homes are even located right on the beach so that you can enjoy the sandy shores just steps from your home. Most of the houses are on the larger side with 3+ bedrooms, but they also have smaller condos and newly built townhouses available for purchase.
The current median housing price is in the upper 400k range, and there are plenty of different style homes on the market, so you have many great options. Most of the homes stay on the market for around 30 days, and they are selling at an average of $300 per square foot. The market has seen solid growth of approximately 8.6%, and it will likely continue to flourish in the next year.
Is now a good time to invest in Winthrop's real estate?
It's a dream to live in Winthrop, and the housing market shows how in demand this beautiful city is. This beachside town has gorgeous homes, excellent schools, and plenty of fun things to do around the city. If you want to invest, do it as soon as possible, as houses are selling all the time.
The housing market changes all the time in this city, and some months seem to have lower sale prices than others, so do your research before you dive into their investment properties. This is the best way to make sure you are getting the property at the best price possible.
Why should I consider Winthrop for investing?
The town is also a popular destination for short visits from locals who want to take a swim, so consider looking into short-term rental investments. People have started to prefer an Airbnb over a hotel room, and if you manage them correctly, you can make a good income from your investments.
There are regulations in the city regarding short-term rentals, so you need to keep these in mind. If you are renting the home for overnights, for example, the homeowner must be present. You can also rent up to two bedrooms at a time, and you must keep a log of the guests. The city has such a high number of travelers looking for rooms that the city has also advised short-term renters to put up a sign to advertise the space they have available.
If you are looking for a town with unique features, incredible views of the water, and a great community, Winthrop is a great place to be. These features make it ideal for anyone to live there, and investing in their properties is a great idea. Beachside homes are always in demand, and they rarely decrease in value, so you can be sure you are getting a great return on your investment.