The typical owner-occupied home in Boxford is worth about $979,100, 74% above the Massachusetts median of $562,100 and 2.9 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.02% of their home's value, close to the Massachusetts rate of 1.07%. The median household earns $188,482 a year, so the median home costs 5.2 times the median income (5.4 times for Massachusetts). 90% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Boxford at a glance
| Boxford | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $979,100 | $562,100 | $332,700 |
| Median property tax paid per year | $10,001 | $5,992 | $3,119 |
| Property tax as a share of value | 1.02% | 1.07% | 0.94% |
| Median household income | $188,482 | $103,960 | $80,734 |
| Homes lived in by their owners | 90% | 63% | 65% |
| Owner homes with a mortgage | 73% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $3,941 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 23.6% | 21.9% | 21.0% |
| Median rent | – | $1,762 | $1,413 |
| Median year homes were built | 1962 | 1964 | 1980 |
| Vacant homes | 8.0% | 8.1% | 10.1% |
| Population | 2,284 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Boxford
At this week's average 30-year rate of 7.11%, buying the median Boxford home of $979,100 with 20% down costs about $6,509 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,298, 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 $278,973 for the 20%-down payment. That payment is 41% of the median Boxford household income of $188,482; at that income and 20% down, the 28% guideline points to a home of about $662,000.
| Down payment | $195,820 |
|---|---|
| Loan amount | $783,280 |
| Principal and interest | $5,269 |
| Property taxes (1.02% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $408 |
| PMI | $0 |
| Total per month | $6,509 |
Change the numbers in the calculator
| Down payment | $34,268 |
|---|---|
| Loan amount | $961,366 |
| Principal and interest | $6,467 |
| Property taxes (1.02% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $408 |
| FHA mortgage insurance | $591 |
| Total per month | $8,298 |
Change the numbers in the calculator
Questions about home buying in Boxford
What is the median home value in Boxford?
About $979,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Boxford?
Homeowners pay a median $10,001 a year, which is about 1.02% 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 Boxford?
For the median home with 20% down at 7.11%, the payment is about $6,509 a month. Keeping that under 28% of gross income takes about $278,973 a year.
More about Boxford
- Mortgage Refinance in Boxford
- Debt Relief in Boxford
- Home Equity Loans in Boxford
- 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