The typical owner-occupied home in Hingham is worth about $1,255,700, 2.2 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 0.80% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $205,769 a year, so the median home costs 6.1 times the median income (5.4 times for Massachusetts). 77% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Hingham at a glance
| Hingham | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $1,255,700 | $562,100 | $332,700 |
| Median property tax paid per year | $10,001 | $5,992 | $3,119 |
| Property tax as a share of value | 0.80% | 1.07% | 0.94% |
| Median household income | $205,769 | $103,960 | $80,734 |
| Homes lived in by their owners | 77% | 63% | 65% |
| Owner homes with a mortgage | 66% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 14.9% | 21.9% | 21.0% |
| Median rent | $1,202 | $1,762 | $1,413 |
| Rent as a share of renters' income | 31.6% | 30.9% | 30.6% |
| Median year homes were built | 1938 | 1964 | 1980 |
| Vacant homes | 5.0% | 8.1% | 10.1% |
| Population | 5,130 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Hingham
At this week's average 30-year rate of 7.11%, buying the median Hingham home of $1,255,700 with 20% down costs about $8,118 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $10,412, 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 $347,918 for the 20%-down payment. That payment is 47% of the median Hingham household income of $205,769; at that income and 20% down, the 28% guideline points to a home of about $743,000.
The median rent here is $1,202 a month, so owning the median home costs about $6,916 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $251,140 |
|---|---|
| Loan amount | $1,004,560 |
| Principal and interest | $6,758 |
| Property taxes (0.80% a year) | $837 |
| Homeowners insurance (our estimate, 0.5% a year) | $523 |
| PMI | $0 |
| Total per month | $8,118 |
Change the numbers in the calculator
| Down payment | $43,950 |
|---|---|
| Loan amount | $1,232,956 |
| Principal and interest | $8,294 |
| Property taxes (0.80% a year) | $837 |
| Homeowners insurance (our estimate, 0.5% a year) | $523 |
| FHA mortgage insurance | $757 |
| Total per month | $10,412 |
Change the numbers in the calculator
Questions about home buying in Hingham
What is the median home value in Hingham?
About $1,255,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hingham?
Homeowners pay a median $10,001 a year, which is about 0.80% 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 Hingham?
For the median home with 20% down at 7.11%, the payment is about $8,118 a month. Keeping that under 28% of gross income takes about $347,918 a year.
More about Hingham
- Mortgage Refinance in Hingham
- Debt Relief in Hingham
- Home Equity Loans in Hingham
- 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