The typical owner-occupied home in Monument Beach is worth about $559,900, about the same as the Massachusetts median of $562,100 and 68% above the national median of $332,700. Owners pay a median $4,440 a year in property taxes, about 0.79% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $77,167 a year, so the median home costs 7.3 times the median income (5.4 times for Massachusetts). 76% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Monument Beach at a glance
| Monument Beach | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $559,900 | $562,100 | $332,700 |
| Median property tax paid per year | $4,440 | $5,992 | $3,119 |
| Property tax as a share of value | 0.79% | 1.07% | 0.94% |
| Median household income | $77,167 | $103,960 | $80,734 |
| Homes lived in by their owners | 76% | 63% | 65% |
| Owner homes with a mortgage | 44% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,260 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 28.0% | 21.9% | 21.0% |
| Median rent | $1,704 | $1,762 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1982 | 1964 | 1980 |
| Vacant homes | 14.5% | 8.1% | 10.1% |
| Population | 3,277 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Monument Beach
At this week's average 30-year rate of 7.11%, buying the median Monument Beach home of $559,900 with 20% down costs about $3,615 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,548, 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 $154,932 for the 20%-down payment. That payment is 56% of the median Monument Beach household income of $77,167; at that income and 20% down, the 28% guideline points to a home of about $279,000.
The median rent here is $1,704 a month, so owning the median home costs about $1,911 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $111,980 |
|---|---|
| Loan amount | $447,920 |
| Principal and interest | $3,013 |
| Property taxes (0.79% a year) | $369 |
| Homeowners insurance (our estimate, 0.5% a year) | $233 |
| PMI | $0 |
| Total per month | $3,615 |
Change the numbers in the calculator
| Down payment | $19,596 |
|---|---|
| Loan amount | $549,759 |
| Principal and interest | $3,698 |
| Property taxes (0.79% a year) | $369 |
| Homeowners insurance (our estimate, 0.5% a year) | $233 |
| FHA mortgage insurance | $248 |
| Total per month | $4,548 |
Change the numbers in the calculator
Questions about home buying in Monument Beach
What is the median home value in Monument Beach?
About $559,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Monument Beach?
Homeowners pay a median $4,440 a year, which is about 0.79% 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 Monument Beach?
For the median home with 20% down at 7.11%, the payment is about $3,615 a month. Keeping that under 28% of gross income takes about $154,932 a year.
More about Monument Beach
- Mortgage Refinance in Monument Beach
- Debt Relief in Monument Beach
- Home Equity Loans in Monument Beach
- 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