The typical owner-occupied home in Woburn is worth about $673,500, 20% above the Massachusetts median of $562,100 and 2.0 times the national median of $332,700. Owners pay a median $5,354 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 $111,185 a year, so the median home costs 6.1 times the median income (5.4 times for Massachusetts). 56% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Woburn at a glance
| Woburn | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $673,500 | $562,100 | $332,700 |
| Median property tax paid per year | $5,354 | $5,992 | $3,119 |
| Property tax as a share of value | 0.79% | 1.07% | 0.94% |
| Median household income | $111,185 | $103,960 | $80,734 |
| Homes lived in by their owners | 56% | 63% | 65% |
| Owner homes with a mortgage | 69% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,791 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 21.9% | 21.0% |
| Median rent | $2,221 | $1,762 | $1,413 |
| Rent as a share of renters' income | 32.0% | 30.9% | 30.6% |
| Median year homes were built | 1968 | 1964 | 1980 |
| Vacant homes | 3.6% | 8.1% | 10.1% |
| Population | 41,939 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Woburn
At this week's average 30-year rate of 7.11%, buying the median Woburn home of $673,500 with 20% down costs about $4,349 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,471, 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 $186,366 for the 20%-down payment. That payment is 47% of the median Woburn household income of $111,185; at that income and 20% down, the 28% guideline points to a home of about $402,000.
The median rent here is $2,221 a month, so owning the median home costs about $2,128 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $134,700 |
|---|---|
| Loan amount | $538,800 |
| Principal and interest | $3,625 |
| Property taxes (0.79% a year) | $443 |
| Homeowners insurance (our estimate, 0.5% a year) | $281 |
| PMI | $0 |
| Total per month | $4,349 |
Change the numbers in the calculator
| Down payment | $23,572 |
|---|---|
| Loan amount | $661,301 |
| Principal and interest | $4,449 |
| Property taxes (0.79% a year) | $443 |
| Homeowners insurance (our estimate, 0.5% a year) | $281 |
| FHA mortgage insurance | $298 |
| Total per month | $5,471 |
Change the numbers in the calculator
Questions about home buying in Woburn
What is the median home value in Woburn?
About $673,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Woburn?
Homeowners pay a median $5,354 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 Woburn?
For the median home with 20% down at 7.11%, the payment is about $4,349 a month. Keeping that under 28% of gross income takes about $186,366 a year.
More about Woburn
- Mortgage Refinance in Woburn
- Debt Relief in Woburn
- Home Equity Loans in Woburn
- 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