The typical owner-occupied home in Ware is worth about $253,400, 55% below the Massachusetts median of $562,100 and 24% below the national median of $332,700. Owners pay a median $3,408 a year in property taxes, about 1.34% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $45,158 a year, so the median home costs 5.6 times the median income (5.4 times for Massachusetts). 57% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Ware at a glance
| Ware | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $253,400 | $562,100 | $332,700 |
| Median property tax paid per year | $3,408 | $5,992 | $3,119 |
| Property tax as a share of value | 1.34% | 1.07% | 0.94% |
| Median household income | $45,158 | $103,960 | $80,734 |
| Homes lived in by their owners | 57% | 63% | 65% |
| Owner homes with a mortgage | 58% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,783 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 26.4% | 21.9% | 21.0% |
| Median rent | $1,039 | $1,762 | $1,413 |
| Rent as a share of renters' income | 34.8% | 30.9% | 30.6% |
| Median year homes were built | 1938 | 1964 | 1980 |
| Vacant homes | 11.3% | 8.1% | 10.1% |
| Population | 6,369 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Ware
At this week's average 30-year rate of 7.11%, buying the median Ware home of $253,400 with 20% down costs about $1,752 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,174, 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 $75,097 for the 20%-down payment. That payment is 47% of the median Ware household income of $45,158; at that income and 20% down, the 28% guideline points to a home of about $152,000.
The median rent here is $1,039 a month, so owning the median home costs about $713 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $50,680 |
|---|---|
| Loan amount | $202,720 |
| Principal and interest | $1,364 |
| Property taxes (1.34% a year) | $283 |
| Homeowners insurance (our estimate, 0.5% a year) | $106 |
| PMI | $0 |
| Total per month | $1,752 |
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| Down payment | $8,869 |
|---|---|
| Loan amount | $248,810 |
| Principal and interest | $1,674 |
| Property taxes (1.34% a year) | $283 |
| Homeowners insurance (our estimate, 0.5% a year) | $106 |
| FHA mortgage insurance | $112 |
| Total per month | $2,174 |
Change the numbers in the calculator
Questions about home buying in Ware
What is the median home value in Ware?
About $253,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ware?
Homeowners pay a median $3,408 a year, which is about 1.34% 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 Ware?
For the median home with 20% down at 7.11%, the payment is about $1,752 a month. Keeping that under 28% of gross income takes about $75,097 a year.
More about Ware
- Mortgage Refinance in Ware
- Debt Relief in Ware
- Home Equity Loans in Ware
- 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