The typical owner-occupied home in Sharon is worth about $284,400, 22% below the Connecticut median of $366,900 and 15% below the national median of $332,700. Owners pay a median $2,863 a year in property taxes, about 1.01% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $162,617 a year, so the median home costs 1.7 times the median income (3.8 times for Connecticut). 63% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Sharon at a glance
| Sharon | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $284,400 | $366,900 | $332,700 |
| Median property tax paid per year | $2,863 | $6,643 | $3,119 |
| Property tax as a share of value | 1.01% | 1.81% | 0.94% |
| Median household income | $162,617 | $95,781 | $80,734 |
| Homes lived in by their owners | 63% | 66% | 65% |
| Owner homes with a mortgage | 38% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,093 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 10.6% | 21.8% | 21.0% |
| Median rent | $3,262 | $1,488 | $1,413 |
| Rent as a share of renters' income | 21.6% | 31.4% | 30.6% |
| Median year homes were built | 1938 | 1967 | 1980 |
| Vacant homes | 4.6% | 7.0% | 10.1% |
| Population | 631 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Sharon
At this week's average 30-year rate of 7.11%, buying the median Sharon home of $284,400 with 20% down costs about $1,888 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,362, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $80,932 for the 20%-down payment. That payment is 14% of the median Sharon household income of $162,617; at that income and 20% down, the 28% guideline points to a home of about $571,000.
The median rent here is $3,262 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $56,880 |
|---|---|
| Loan amount | $227,520 |
| Principal and interest | $1,531 |
| Property taxes (1.01% a year) | $239 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $1,888 |
Change the numbers in the calculator
| Down payment | $9,954 |
|---|---|
| Loan amount | $279,249 |
| Principal and interest | $1,879 |
| Property taxes (1.01% a year) | $239 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $126 |
| Total per month | $2,362 |
Change the numbers in the calculator
Questions about home buying in Sharon
What is the median home value in Sharon?
About $284,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sharon?
Homeowners pay a median $2,863 a year, which is about 1.01% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Sharon?
For the median home with 20% down at 7.11%, the payment is about $1,888 a month. Keeping that under 28% of gross income takes about $80,932 a year.
More about Sharon
- Mortgage Refinance in Sharon
- Debt Relief in Sharon
- Home Equity Loans in Sharon
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data