The typical owner-occupied home in Sagamore is worth about $575,700, about the same as the Massachusetts median of $562,100 and 73% above the national median of $332,700. Owners pay a median $4,796 a year in property taxes, about 0.83% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $108,315 a year, so the median home costs 5.3 times the median income (5.4 times for Massachusetts). 84% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Sagamore at a glance
| Sagamore | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $575,700 | $562,100 | $332,700 |
| Median property tax paid per year | $4,796 | $5,992 | $3,119 |
| Property tax as a share of value | 0.83% | 1.07% | 0.94% |
| Median household income | $108,315 | $103,960 | $80,734 |
| Homes lived in by their owners | 84% | 63% | 65% |
| Owner homes with a mortgage | 76% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,625 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 21.9% | 21.0% |
| Median rent | $2,123 | $1,762 | $1,413 |
| Rent as a share of renters' income | 43.2% | 30.9% | 30.6% |
| Median year homes were built | 1979 | 1964 | 1980 |
| Vacant homes | 19.1% | 8.1% | 10.1% |
| Population | 4,072 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Sagamore
At this week's average 30-year rate of 7.11%, buying the median Sagamore home of $575,700 with 20% down costs about $3,736 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,695, 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 $160,127 for the 20%-down payment. That payment is 41% of the median Sagamore household income of $108,315; at that income and 20% down, the 28% guideline points to a home of about $389,000.
The median rent here is $2,123 a month, so owning the median home costs about $1,613 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $115,140 |
|---|---|
| Loan amount | $460,560 |
| Principal and interest | $3,098 |
| Property taxes (0.83% a year) | $398 |
| Homeowners insurance (our estimate, 0.5% a year) | $240 |
| PMI | $0 |
| Total per month | $3,736 |
Change the numbers in the calculator
| Down payment | $20,150 |
|---|---|
| Loan amount | $565,273 |
| Principal and interest | $3,803 |
| Property taxes (0.83% a year) | $398 |
| Homeowners insurance (our estimate, 0.5% a year) | $240 |
| FHA mortgage insurance | $255 |
| Total per month | $4,695 |
Change the numbers in the calculator
Questions about home buying in Sagamore
What is the median home value in Sagamore?
About $575,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sagamore?
Homeowners pay a median $4,796 a year, which is about 0.83% 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 Sagamore?
For the median home with 20% down at 7.11%, the payment is about $3,736 a month. Keeping that under 28% of gross income takes about $160,127 a year.
More about Sagamore
- Mortgage Refinance in Sagamore
- Debt Relief in Sagamore
- Home Equity Loans in Sagamore
- 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