The typical owner-occupied home in Taunton is worth about $422,800, 25% below the Massachusetts median of $562,100 and 27% above the national median of $332,700. Owners pay a median $4,344 a year in property taxes, about 1.03% of their home's value, close to the Massachusetts rate of 1.07%. The median household earns $79,283 a year, so the median home costs 5.3 times the median income (5.4 times for Massachusetts). 62% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Taunton at a glance
| Taunton | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $422,800 | $562,100 | $332,700 |
| Median property tax paid per year | $4,344 | $5,992 | $3,119 |
| Property tax as a share of value | 1.03% | 1.07% | 0.94% |
| Median household income | $79,283 | $103,960 | $80,734 |
| Homes lived in by their owners | 62% | 63% | 65% |
| Owner homes with a mortgage | 63% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,314 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 22.3% | 21.9% | 21.0% |
| Median rent | $1,324 | $1,762 | $1,413 |
| Rent as a share of renters' income | 32.8% | 30.9% | 30.6% |
| Median year homes were built | 1965 | 1964 | 1980 |
| Vacant homes | 4.5% | 8.1% | 10.1% |
| Population | 60,433 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Taunton
At this week's average 30-year rate of 7.11%, buying the median Taunton home of $422,800 with 20% down costs about $2,814 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,519, 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 $120,618 for the 20%-down payment. That payment is 43% of the median Taunton household income of $79,283; at that income and 20% down, the 28% guideline points to a home of about $278,000.
The median rent here is $1,324 a month, so owning the median home costs about $1,490 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,560 |
|---|---|
| Loan amount | $338,240 |
| Principal and interest | $2,275 |
| Property taxes (1.03% a year) | $363 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| PMI | $0 |
| Total per month | $2,814 |
Change the numbers in the calculator
| Down payment | $14,798 |
|---|---|
| Loan amount | $415,142 |
| Principal and interest | $2,793 |
| Property taxes (1.03% a year) | $363 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| FHA mortgage insurance | $187 |
| Total per month | $3,519 |
Change the numbers in the calculator
Questions about home buying in Taunton
What is the median home value in Taunton?
About $422,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Taunton?
Homeowners pay a median $4,344 a year, which is about 1.03% 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 Taunton?
For the median home with 20% down at 7.11%, the payment is about $2,814 a month. Keeping that under 28% of gross income takes about $120,618 a year.
More about Taunton
- Mortgage Refinance in Taunton
- Debt Relief in Taunton
- Home Equity Loans in Taunton
- 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