The typical owner-occupied home in Onset is worth about $408,300, 27% below the Massachusetts median of $562,100 and 23% above the national median of $332,700. Owners pay a median $3,548 a year in property taxes, about 0.87% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $137,997 a year, so the median home costs 3.0 times the median income (5.4 times for Massachusetts). 89% of occupied homes here are lived in by their owners, and 89% of those owners still have a mortgage.
Onset at a glance
| Onset | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $408,300 | $562,100 | $332,700 |
| Median property tax paid per year | $3,548 | $5,992 | $3,119 |
| Property tax as a share of value | 0.87% | 1.07% | 0.94% |
| Median household income | $137,997 | $103,960 | $80,734 |
| Homes lived in by their owners | 89% | 63% | 65% |
| Owner homes with a mortgage | 89% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,523 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 21.9% | 21.0% |
| Median rent | – | $1,762 | $1,413 |
| Median year homes were built | 1938 | 1964 | 1980 |
| Vacant homes | 43.5% | 8.1% | 10.1% |
| Population | 1,380 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Onset
At this week's average 30-year rate of 7.11%, buying the median Onset home of $408,300 with 20% down costs about $2,663 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,344, 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 $114,149 for the 20%-down payment. That payment is 23% of the median Onset household income of $137,997; at that income and 20% down, the 28% guideline points to a home of about $494,000.
| Down payment | $81,660 |
|---|---|
| Loan amount | $326,640 |
| Principal and interest | $2,197 |
| Property taxes (0.87% a year) | $296 |
| Homeowners insurance (our estimate, 0.5% a year) | $170 |
| PMI | $0 |
| Total per month | $2,663 |
Change the numbers in the calculator
| Down payment | $14,290 |
|---|---|
| Loan amount | $400,905 |
| Principal and interest | $2,697 |
| Property taxes (0.87% a year) | $296 |
| Homeowners insurance (our estimate, 0.5% a year) | $170 |
| FHA mortgage insurance | $181 |
| Total per month | $3,344 |
Change the numbers in the calculator
Questions about home buying in Onset
What is the median home value in Onset?
About $408,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Onset?
Homeowners pay a median $3,548 a year, which is about 0.87% 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 Onset?
For the median home with 20% down at 7.11%, the payment is about $2,663 a month. Keeping that under 28% of gross income takes about $114,149 a year.
More about Onset
- Mortgage Refinance in Onset
- Debt Relief in Onset
- Home Equity Loans in Onset
- 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