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Maynard, MA Profile: Facts & Data

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Maynard, Massachusetts - Basic Facts

The Maynard Census Designated Place had a population of 10,622 as of July 1, 2020.

The primary coordinate point for Maynard is located at latitude 42.4334 and longitude -71.4495 in Middlesex County. The formal boundaries for the Maynard Census Designated Place encompass a land area of 5.21 sq. miles and a water area of 0.16 sq. miles. Middlesex County is in the Eastern time zone (GMT -5). The elevation is 164 feet.

The Maynard Census Designated Place (GNIS ID: 2378164) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Maynard Census Designated Place is located within Town of Maynard, a minor civil division (MCD) of Middlesex County.

Alternate Unofficial Names for Maynard: Assabet.

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Maynard, MA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 10,622 (100%)
Population in Households 10,606 (99.8%)
Population in Families 8,375 (78.8%)
Population in Group Quarters1 16 ( 0.2%)
Population Density 2,039
Diversity Index2 29
 
 

INCOME

Median Household Income $105,088
Average Household Income $134,434
% of Income for Mortgage4 15%
Per Capita Income $55,576
Wealth Index5 158
 

HOUSING

Total HU (Housing Units) 4,602 (100%)
Owner Occupied HU 3,075 (66.8%)
Renter Occupied HU 1,316 (28.6%)
Vacant Housing Units 211 ( 4.6%)
Median Home Value $378,048
Average Home Value $440,984
Housing Affordability Index3 127
 

HOUSEHOLDS

Total Households 4,391
Average Household Size 2.42
Family Households 2,722
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.49% 1.26%
Households 0.34% 1.06%
Families 0.27% 1.05%
Median Household Income   2.52%
Per Capita Income   2.91%
Owner Occupied HU   0.43%

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Maynard, MA - Peer Comparisons by Rank and Percentile

The table below compares Maynard to the other 245 incorporated cities, towns and CDPs in Massachusetts by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 87 65th
Population Density # 81 67th
Median Household Income # 47 81st
Housing Affordability Index # 175 71st
Per Capita Income # 54 78th
Diversity Index # 105 57th

Additional comparisons and rankings can be made with a VERY EASY TO USE Massachusetts Census Data Comparison Tool.

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