The typical owner-occupied home in Gardner is worth about $301,600, 46% below the Massachusetts median of $562,100 and 9% below the national median of $332,700. Owners pay a median $4,150 a year in property taxes, about 1.38% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $67,518 a year, so the median home costs 4.5 times the median income (5.4 times for Massachusetts). 59% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Gardner at a glance
| Gardner | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $301,600 | $562,100 | $332,700 |
| Median property tax paid per year | $4,150 | $5,992 | $3,119 |
| Property tax as a share of value | 1.38% | 1.07% | 0.94% |
| Median household income | $67,518 | $103,960 | $80,734 |
| Homes lived in by their owners | 59% | 63% | 65% |
| Owner homes with a mortgage | 66% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,946 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 24.6% | 21.9% | 21.0% |
| Median rent | $1,109 | $1,762 | $1,413 |
| Rent as a share of renters' income | 29.9% | 30.9% | 30.6% |
| Median year homes were built | 1954 | 1964 | 1980 |
| Vacant homes | 5.8% | 8.1% | 10.1% |
| Population | 21,148 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Gardner
At this week's average 30-year rate of 7.11%, buying the median Gardner home of $301,600 with 20% down costs about $2,096 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,598, 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 $89,812 for the 20%-down payment. That payment is 37% of the median Gardner household income of $67,518; at that income and 20% down, the 28% guideline points to a home of about $227,000.
The median rent here is $1,109 a month, so owning the median home costs about $987 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $60,320 |
|---|---|
| Loan amount | $241,280 |
| Principal and interest | $1,623 |
| Property taxes (1.38% a year) | $347 |
| Homeowners insurance (our estimate, 0.5% a year) | $126 |
| PMI | $0 |
| Total per month | $2,096 |
Change the numbers in the calculator
| Down payment | $10,556 |
|---|---|
| Loan amount | $296,137 |
| Principal and interest | $1,992 |
| Property taxes (1.38% a year) | $347 |
| Homeowners insurance (our estimate, 0.5% a year) | $126 |
| FHA mortgage insurance | $133 |
| Total per month | $2,598 |
Change the numbers in the calculator
Questions about home buying in Gardner
What is the median home value in Gardner?
About $301,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gardner?
Homeowners pay a median $4,150 a year, which is about 1.38% 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 Gardner?
For the median home with 20% down at 7.11%, the payment is about $2,096 a month. Keeping that under 28% of gross income takes about $89,812 a year.
More about Gardner
- Mortgage Refinance in Gardner
- Debt Relief in Gardner
- Home Equity Loans in Gardner
- 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