The typical owner-occupied home in Newton is worth about $1,264,900, 2.3 times the Massachusetts median of $562,100 and 3.8 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.79% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $190,304 a year, so the median home costs 6.6 times the median income (5.4 times for Massachusetts). 70% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Newton at a glance
| Newton | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $1,264,900 | $562,100 | $332,700 |
| Median property tax paid per year | $10,001 | $5,992 | $3,119 |
| Property tax as a share of value | 0.79% | 1.07% | 0.94% |
| Median household income | $190,304 | $103,960 | $80,734 |
| Homes lived in by their owners | 70% | 63% | 65% |
| Owner homes with a mortgage | 61% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 21.9% | 21.0% |
| Median rent | $2,370 | $1,762 | $1,413 |
| Rent as a share of renters' income | 27.2% | 30.9% | 30.6% |
| Median year homes were built | 1942 | 1964 | 1980 |
| Vacant homes | 5.2% | 8.1% | 10.1% |
| Population | 89,044 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Newton
At this week's average 30-year rate of 7.11%, buying the median Newton home of $1,264,900 with 20% down costs about $8,167 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $10,478, 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 $350,015 for the 20%-down payment. That payment is 51% of the median Newton household income of $190,304; at that income and 20% down, the 28% guideline points to a home of about $688,000.
The median rent here is $2,370 a month, so owning the median home costs about $5,797 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $252,980 |
|---|---|
| Loan amount | $1,011,920 |
| Principal and interest | $6,807 |
| Property taxes (0.79% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $527 |
| PMI | $0 |
| Total per month | $8,167 |
Change the numbers in the calculator
| Down payment | $44,272 |
|---|---|
| Loan amount | $1,241,990 |
| Principal and interest | $8,355 |
| Property taxes (0.79% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $527 |
| FHA mortgage insurance | $763 |
| Total per month | $10,478 |
Change the numbers in the calculator
Questions about home buying in Newton
What is the median home value in Newton?
About $1,264,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newton?
Homeowners pay a median $10,001 a year, which is about 0.79% 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 Newton?
For the median home with 20% down at 7.11%, the payment is about $8,167 a month. Keeping that under 28% of gross income takes about $350,015 a year.
More about Newton
- Mortgage Refinance in Newton
- Debt Relief in Newton
- Home Equity Loans in Newton
- 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