It looks like Newton just got a bit more desirable. The city snagged the No. 3 spot in Money magazine’s annual search for the top 100 best places to live in America. The magazine noted the city’s close proximity to Boston, top-rated schools, low crime, strong economy, pedestrian-friendly shopping districts, parks and playgrounds.

But one of the minuses was its pricey homes. A modest three-bedroom home can easily cost you $600,000 to $650,000.

In fact, the median price for single-family homes sold in Newton in the first five months of the year was $710,700, substantially higher than the statewide median of about $285,000, according to the most recent statistics from The Warren Group.

Median home prices have ballooned 32 percent in the last decade or so from $539,000 in 2000 to $710,000.

It’s a great place to live if you can afford it.