The typical owner-occupied home in Saugus is worth about $603,400, 7% above the Massachusetts median of $562,100 and 81% above the national median of $332,700. Owners pay a median $6,049 a year in property taxes, about 1.00% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $101,539 a year, so the median home costs 5.9 times the median income (5.4 times for Massachusetts). 72% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Saugus at a glance
| Saugus | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $603,400 | $562,100 | $332,700 |
| Median property tax paid per year | $6,049 | $5,992 | $3,119 |
| Property tax as a share of value | 1.00% | 1.07% | 0.94% |
| Median household income | $101,539 | $103,960 | $80,734 |
| Homes lived in by their owners | 72% | 63% | 65% |
| Owner homes with a mortgage | 67% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,823 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 25.5% | 21.9% | 21.0% |
| Median rent | $2,241 | $1,762 | $1,413 |
| Rent as a share of renters' income | 31.2% | 30.9% | 30.6% |
| Median year homes were built | 1962 | 1964 | 1980 |
| Vacant homes | 3.9% | 8.1% | 10.1% |
| Population | 28,773 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Saugus
At this week's average 30-year rate of 7.11%, buying the median Saugus home of $603,400 with 20% down costs about $4,002 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,007, 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 $171,495 for the 20%-down payment. That payment is 47% of the median Saugus household income of $101,539; at that income and 20% down, the 28% guideline points to a home of about $357,000.
The median rent here is $2,241 a month, so owning the median home costs about $1,761 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $120,680 |
|---|---|
| Loan amount | $482,720 |
| Principal and interest | $3,247 |
| Property taxes (1.00% a year) | $503 |
| Homeowners insurance (our estimate, 0.5% a year) | $251 |
| PMI | $0 |
| Total per month | $4,002 |
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| Down payment | $21,119 |
|---|---|
| Loan amount | $592,471 |
| Principal and interest | $3,986 |
| Property taxes (1.00% a year) | $503 |
| Homeowners insurance (our estimate, 0.5% a year) | $251 |
| FHA mortgage insurance | $267 |
| Total per month | $5,007 |
Change the numbers in the calculator
Questions about home buying in Saugus
What is the median home value in Saugus?
About $603,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saugus?
Homeowners pay a median $6,049 a year, which is about 1.00% 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 Saugus?
For the median home with 20% down at 7.11%, the payment is about $4,002 a month. Keeping that under 28% of gross income takes about $171,495 a year.
More about Saugus
- Mortgage Refinance in Saugus
- Debt Relief in Saugus
- Home Equity Loans in Saugus
- 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