The typical owner-occupied home in Pepperell is worth about $457,300, 19% below the Massachusetts median of $562,100 and 37% above the national median of $332,700. Owners pay a median $6,871 a year in property taxes, about 1.50% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $76,726 a year, so the median home costs 6.0 times the median income (5.4 times for Massachusetts). 49% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Pepperell at a glance
| Pepperell | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $457,300 | $562,100 | $332,700 |
| Median property tax paid per year | $6,871 | $5,992 | $3,119 |
| Property tax as a share of value | 1.50% | 1.07% | 0.94% |
| Median household income | $76,726 | $103,960 | $80,734 |
| Homes lived in by their owners | 49% | 63% | 65% |
| Owner homes with a mortgage | 63% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,522 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 22.6% | 21.9% | 21.0% |
| Median rent | $1,139 | $1,762 | $1,413 |
| Rent as a share of renters' income | 35.4% | 30.9% | 30.6% |
| Median year homes were built | 1970 | 1964 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 1,971 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Pepperell
At this week's average 30-year rate of 7.11%, buying the median Pepperell home of $457,300 with 20% down costs about $3,223 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,985, 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 $138,137 for the 20%-down payment. That payment is 50% of the median Pepperell household income of $76,726; at that income and 20% down, the 28% guideline points to a home of about $254,000.
The median rent here is $1,139 a month, so owning the median home costs about $2,084 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $91,460 |
|---|---|
| Loan amount | $365,840 |
| Principal and interest | $2,461 |
| Property taxes (1.50% a year) | $572 |
| Homeowners insurance (our estimate, 0.5% a year) | $191 |
| PMI | $0 |
| Total per month | $3,223 |
Change the numbers in the calculator
| Down payment | $16,006 |
|---|---|
| Loan amount | $449,017 |
| Principal and interest | $3,021 |
| Property taxes (1.50% a year) | $572 |
| Homeowners insurance (our estimate, 0.5% a year) | $191 |
| FHA mortgage insurance | $202 |
| Total per month | $3,985 |
Change the numbers in the calculator
Questions about home buying in Pepperell
What is the median home value in Pepperell?
About $457,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pepperell?
Homeowners pay a median $6,871 a year, which is about 1.50% 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 Pepperell?
For the median home with 20% down at 7.11%, the payment is about $3,223 a month. Keeping that under 28% of gross income takes about $138,137 a year.
More about Pepperell
- Mortgage Refinance in Pepperell
- Debt Relief in Pepperell
- Home Equity Loans in Pepperell
- 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