The typical owner-occupied home in Westfield is worth about $325,100, 42% below the Massachusetts median of $562,100 and about the same as the national median of $332,700. Owners pay a median $4,746 a year in property taxes, about 1.46% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $87,753 a year, so the median home costs 3.7 times the median income (5.4 times for Massachusetts). 69% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Westfield at a glance
| Westfield | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $325,100 | $562,100 | $332,700 |
| Median property tax paid per year | $4,746 | $5,992 | $3,119 |
| Property tax as a share of value | 1.46% | 1.07% | 0.94% |
| Median household income | $87,753 | $103,960 | $80,734 |
| Homes lived in by their owners | 69% | 63% | 65% |
| Owner homes with a mortgage | 59% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,996 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 21.9% | 21.0% |
| Median rent | $1,117 | $1,762 | $1,413 |
| Rent as a share of renters' income | 28.5% | 30.9% | 30.6% |
| Median year homes were built | 1964 | 1964 | 1980 |
| Vacant homes | 6.0% | 8.1% | 10.1% |
| Population | 40,378 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Westfield
At this week's average 30-year rate of 7.11%, buying the median Westfield home of $325,100 with 20% down costs about $2,281 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,822, 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 $97,739 for the 20%-down payment. That payment is 31% of the median Westfield household income of $87,753; at that income and 20% down, the 28% guideline points to a home of about $292,000.
The median rent here is $1,117 a month, so owning the median home costs about $1,164 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $65,020 |
|---|---|
| Loan amount | $260,080 |
| Principal and interest | $1,750 |
| Property taxes (1.46% a year) | $396 |
| Homeowners insurance (our estimate, 0.5% a year) | $135 |
| PMI | $0 |
| Total per month | $2,281 |
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| Down payment | $11,378 |
|---|---|
| Loan amount | $319,212 |
| Principal and interest | $2,147 |
| Property taxes (1.46% a year) | $396 |
| Homeowners insurance (our estimate, 0.5% a year) | $135 |
| FHA mortgage insurance | $144 |
| Total per month | $2,822 |
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Questions about home buying in Westfield
What is the median home value in Westfield?
About $325,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westfield?
Homeowners pay a median $4,746 a year, which is about 1.46% 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 Westfield?
For the median home with 20% down at 7.11%, the payment is about $2,281 a month. Keeping that under 28% of gross income takes about $97,739 a year.
More about Westfield
- Mortgage Refinance in Westfield
- Debt Relief in Westfield
- Home Equity Loans in Westfield
- 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