The typical owner-occupied home in Rowley is worth about $614,800, 9% above the Massachusetts median of $562,100 and 85% above the national median of $332,700. Owners pay a median $6,865 a year in property taxes, about 1.12% of their home's value, close to the Massachusetts rate of 1.07%. The median household earns $109,622 a year, so the median home costs 5.6 times the median income (5.4 times for Massachusetts). 79% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Rowley at a glance
| Rowley | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $614,800 | $562,100 | $332,700 |
| Median property tax paid per year | $6,865 | $5,992 | $3,119 |
| Property tax as a share of value | 1.12% | 1.07% | 0.94% |
| Median household income | $109,622 | $103,960 | $80,734 |
| Homes lived in by their owners | 79% | 63% | 65% |
| Owner homes with a mortgage | 79% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $3,174 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 28.6% | 21.9% | 21.0% |
| Median rent | $1,663 | $1,762 | $1,413 |
| Rent as a share of renters' income | 29.4% | 30.9% | 30.6% |
| Median year homes were built | 1938 | 1964 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 1,708 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Rowley
At this week's average 30-year rate of 7.11%, buying the median Rowley home of $614,800 with 20% down costs about $4,139 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,163, 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 $177,369 for the 20%-down payment. That payment is 45% of the median Rowley household income of $109,622; at that income and 20% down, the 28% guideline points to a home of about $380,000.
The median rent here is $1,663 a month, so owning the median home costs about $2,476 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $122,960 |
|---|---|
| Loan amount | $491,840 |
| Principal and interest | $3,309 |
| Property taxes (1.12% a year) | $574 |
| Homeowners insurance (our estimate, 0.5% a year) | $256 |
| PMI | $0 |
| Total per month | $4,139 |
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| Down payment | $21,518 |
|---|---|
| Loan amount | $603,664 |
| Principal and interest | $4,061 |
| Property taxes (1.12% a year) | $574 |
| Homeowners insurance (our estimate, 0.5% a year) | $256 |
| FHA mortgage insurance | $272 |
| Total per month | $5,163 |
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Questions about home buying in Rowley
What is the median home value in Rowley?
About $614,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rowley?
Homeowners pay a median $6,865 a year, which is about 1.12% 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 Rowley?
For the median home with 20% down at 7.11%, the payment is about $4,139 a month. Keeping that under 28% of gross income takes about $177,369 a year.
More about Rowley
- Mortgage Refinance in Rowley
- Debt Relief in Rowley
- Home Equity Loans in Rowley
- 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