The typical owner-occupied home in Hanson is worth about $513,000, 9% below the Massachusetts median of $562,100 and 54% above the national median of $332,700. Owners pay a median $6,429 a year in property taxes, about 1.25% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $119,211 a year, so the median home costs 4.3 times the median income (5.4 times for Massachusetts). 100% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Hanson at a glance
| Hanson | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $513,000 | $562,100 | $332,700 |
| Median property tax paid per year | $6,429 | $5,992 | $3,119 |
| Property tax as a share of value | 1.25% | 1.07% | 0.94% |
| Median household income | $119,211 | $103,960 | $80,734 |
| Homes lived in by their owners | 100% | 63% | 65% |
| Owner homes with a mortgage | 74% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $3,275 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 31.4% | 21.9% | 21.0% |
| Median rent | – | $1,762 | $1,413 |
| Median year homes were built | 1967 | 1964 | 1980 |
| Vacant homes | 7.0% | 8.1% | 10.1% |
| Population | 1,927 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Hanson
At this week's average 30-year rate of 7.11%, buying the median Hanson home of $513,000 with 20% down costs about $3,509 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,364, 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 $150,382 for the 20%-down payment. That payment is 35% of the median Hanson household income of $119,211; at that income and 20% down, the 28% guideline points to a home of about $407,000.
| Down payment | $102,600 |
|---|---|
| Loan amount | $410,400 |
| Principal and interest | $2,761 |
| Property taxes (1.25% a year) | $534 |
| Homeowners insurance (our estimate, 0.5% a year) | $214 |
| PMI | $0 |
| Total per month | $3,509 |
Change the numbers in the calculator
| Down payment | $17,955 |
|---|---|
| Loan amount | $503,708 |
| Principal and interest | $3,388 |
| Property taxes (1.25% a year) | $534 |
| Homeowners insurance (our estimate, 0.5% a year) | $214 |
| FHA mortgage insurance | $227 |
| Total per month | $4,364 |
Change the numbers in the calculator
Questions about home buying in Hanson
What is the median home value in Hanson?
About $513,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hanson?
Homeowners pay a median $6,429 a year, which is about 1.25% 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 Hanson?
For the median home with 20% down at 7.11%, the payment is about $3,509 a month. Keeping that under 28% of gross income takes about $150,382 a year.
More about Hanson
- Mortgage Refinance in Hanson
- Debt Relief in Hanson
- Home Equity Loans in Hanson
- 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