The typical owner-occupied home in Marlborough is worth about $513,100, 9% below the Massachusetts median of $562,100 and 54% above the national median of $332,700. Owners pay a median $5,747 a year in property taxes, about 1.12% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $91,968 a year, so the median home costs 5.6 times the median income (5.4 times for Massachusetts). 56% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Marlborough at a glance
| Marlborough | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $513,100 | $562,100 | $332,700 |
| Median property tax paid per year | $5,747 | $5,992 | $3,119 |
| Property tax as a share of value | 1.12% | 1.07% | 0.94% |
| Median household income | $91,968 | $103,960 | $80,734 |
| Homes lived in by their owners | 56% | 63% | 65% |
| Owner homes with a mortgage | 63% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,587 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 21.9% | 21.0% |
| Median rent | $1,871 | $1,762 | $1,413 |
| Rent as a share of renters' income | 34.8% | 30.9% | 30.6% |
| Median year homes were built | 1974 | 1964 | 1980 |
| Vacant homes | 3.4% | 8.1% | 10.1% |
| Population | 41,647 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Marlborough
At this week's average 30-year rate of 7.11%, buying the median Marlborough home of $513,100 with 20% down costs about $3,454 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,309, 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 $148,029 for the 20%-down payment. That payment is 45% of the median Marlborough household income of $91,968; at that income and 20% down, the 28% guideline points to a home of about $319,000.
The median rent here is $1,871 a month, so owning the median home costs about $1,583 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $102,620 |
|---|---|
| Loan amount | $410,480 |
| Principal and interest | $2,761 |
| Property taxes (1.12% a year) | $479 |
| Homeowners insurance (our estimate, 0.5% a year) | $214 |
| PMI | $0 |
| Total per month | $3,454 |
Change the numbers in the calculator
| Down payment | $17,958 |
|---|---|
| Loan amount | $503,806 |
| Principal and interest | $3,389 |
| Property taxes (1.12% a year) | $479 |
| Homeowners insurance (our estimate, 0.5% a year) | $214 |
| FHA mortgage insurance | $227 |
| Total per month | $4,309 |
Change the numbers in the calculator
Questions about home buying in Marlborough
What is the median home value in Marlborough?
About $513,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Marlborough?
Homeowners pay a median $5,747 a year, which is about 1.12% 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 Marlborough?
For the median home with 20% down at 7.11%, the payment is about $3,454 a month. Keeping that under 28% of gross income takes about $148,029 a year.
More about Marlborough
- Mortgage Refinance in Marlborough
- Debt Relief in Marlborough
- Home Equity Loans in Marlborough
- 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