M.D.
Can I trade you places?? I call Bedford, MA "home" and that's so close! I want to go back!!
That aside, I think you'll need to move a little further out to get a decent sized house for that price (I'm thinking 2000-3000 square feet), and I'm not sure about schools since I haven't lived there since 1999 and I was in 10th grade then. I went to a school in Lowell (private) for 7th grade, on base at Hanscom AFB for 8th, and then Bedfor High for 9th and 10th...they were all good.
Have fun!!