The typical owner-occupied home in Northampton is worth about $429,700, 24% below the Massachusetts median of $562,100 and 29% above the national median of $332,700. Owners pay a median $5,680 a year in property taxes, about 1.32% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $80,288 a year, so the median home costs 5.4 times the median income (5.4 times for Massachusetts). 57% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Northampton at a glance
| Northampton | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $429,700 | $562,100 | $332,700 |
| Median property tax paid per year | $5,680 | $5,992 | $3,119 |
| Property tax as a share of value | 1.32% | 1.07% | 0.94% |
| Median household income | $80,288 | $103,960 | $80,734 |
| Homes lived in by their owners | 57% | 63% | 65% |
| Owner homes with a mortgage | 60% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,353 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 21.9% | 21.0% |
| Median rent | $1,439 | $1,762 | $1,413 |
| Rent as a share of renters' income | 32.9% | 30.9% | 30.6% |
| Median year homes were built | 1955 | 1964 | 1980 |
| Vacant homes | 5.1% | 8.1% | 10.1% |
| Population | 30,962 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Northampton
At this week's average 30-year rate of 7.11%, buying the median Northampton home of $429,700 with 20% down costs about $2,964 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,680, 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 $127,038 for the 20%-down payment. That payment is 44% of the median Northampton household income of $80,288; at that income and 20% down, the 28% guideline points to a home of about $272,000.
The median rent here is $1,439 a month, so owning the median home costs about $1,525 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $85,940 |
|---|---|
| Loan amount | $343,760 |
| Principal and interest | $2,312 |
| Property taxes (1.32% a year) | $473 |
| Homeowners insurance (our estimate, 0.5% a year) | $179 |
| PMI | $0 |
| Total per month | $2,964 |
Change the numbers in the calculator
| Down payment | $15,040 |
|---|---|
| Loan amount | $421,917 |
| Principal and interest | $2,838 |
| Property taxes (1.32% a year) | $473 |
| Homeowners insurance (our estimate, 0.5% a year) | $179 |
| FHA mortgage insurance | $190 |
| Total per month | $3,680 |
Change the numbers in the calculator
Questions about home buying in Northampton
What is the median home value in Northampton?
About $429,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Northampton?
Homeowners pay a median $5,680 a year, which is about 1.32% 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 Northampton?
For the median home with 20% down at 7.11%, the payment is about $2,964 a month. Keeping that under 28% of gross income takes about $127,038 a year.
More about Northampton
- Mortgage Refinance in Northampton
- Debt Relief in Northampton
- Home Equity Loans in Northampton
- 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