The typical owner-occupied home in Salisbury is worth about $465,900, 17% below the Massachusetts median of $562,100 and 40% above the national median of $332,700. Owners pay a median $4,561 a year in property taxes, about 0.98% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $92,469 a year, so the median home costs 5.0 times the median income (5.4 times for Massachusetts). 66% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Salisbury at a glance
| Salisbury | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $465,900 | $562,100 | $332,700 |
| Median property tax paid per year | $4,561 | $5,992 | $3,119 |
| Property tax as a share of value | 0.98% | 1.07% | 0.94% |
| Median household income | $92,469 | $103,960 | $80,734 |
| Homes lived in by their owners | 66% | 63% | 65% |
| Owner homes with a mortgage | 76% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,528 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 25.1% | 21.9% | 21.0% |
| Median rent | $1,770 | $1,762 | $1,413 |
| Rent as a share of renters' income | 35.6% | 30.9% | 30.6% |
| Median year homes were built | 1981 | 1964 | 1980 |
| Vacant homes | 23.4% | 8.1% | 10.1% |
| Population | 5,656 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Salisbury
At this week's average 30-year rate of 7.11%, buying the median Salisbury home of $465,900 with 20% down costs about $3,082 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,858, 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 $132,082 for the 20%-down payment. That payment is 40% of the median Salisbury household income of $92,469; at that income and 20% down, the 28% guideline points to a home of about $326,000.
The median rent here is $1,770 a month, so owning the median home costs about $1,312 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $93,180 |
|---|---|
| Loan amount | $372,720 |
| Principal and interest | $2,507 |
| Property taxes (0.98% a year) | $380 |
| Homeowners insurance (our estimate, 0.5% a year) | $194 |
| PMI | $0 |
| Total per month | $3,082 |
Change the numbers in the calculator
| Down payment | $16,306 |
|---|---|
| Loan amount | $457,461 |
| Principal and interest | $3,077 |
| Property taxes (0.98% a year) | $380 |
| Homeowners insurance (our estimate, 0.5% a year) | $194 |
| FHA mortgage insurance | $206 |
| Total per month | $3,858 |
Change the numbers in the calculator
Questions about home buying in Salisbury
What is the median home value in Salisbury?
About $465,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Salisbury?
Homeowners pay a median $4,561 a year, which is about 0.98% 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 Salisbury?
For the median home with 20% down at 7.11%, the payment is about $3,082 a month. Keeping that under 28% of gross income takes about $132,082 a year.
More about Salisbury
- Mortgage Refinance in Salisbury
- Debt Relief in Salisbury
- Home Equity Loans in Salisbury
- 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