The typical owner-occupied home in Sturbridge is worth about $418,400, 26% below the Massachusetts median of $562,100 and 26% above the national median of $332,700. Owners pay a median $6,410 a year in property taxes, about 1.53% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $131,568 a year, so the median home costs 3.2 times the median income (5.4 times for Massachusetts). 83% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Sturbridge at a glance
| Sturbridge | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $418,400 | $562,100 | $332,700 |
| Median property tax paid per year | $6,410 | $5,992 | $3,119 |
| Property tax as a share of value | 1.53% | 1.07% | 0.94% |
| Median household income | $131,568 | $103,960 | $80,734 |
| Homes lived in by their owners | 83% | 63% | 65% |
| Owner homes with a mortgage | 66% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,596 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 21.2% | 21.9% | 21.0% |
| Median rent | $2,009 | $1,762 | $1,413 |
| Rent as a share of renters' income | 25.3% | 30.9% | 30.6% |
| Median year homes were built | 1958 | 1964 | 1980 |
| Vacant homes | 11.9% | 8.1% | 10.1% |
| Population | 2,443 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Sturbridge
At this week's average 30-year rate of 7.11%, buying the median Sturbridge home of $418,400 with 20% down costs about $2,959 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,656, 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 $126,834 for the 20%-down payment. That payment is 27% of the median Sturbridge household income of $131,568; at that income and 20% down, the 28% guideline points to a home of about $434,000.
The median rent here is $2,009 a month, so owning the median home costs about $950 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $83,680 |
|---|---|
| Loan amount | $334,720 |
| Principal and interest | $2,252 |
| Property taxes (1.53% a year) | $533 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| PMI | $0 |
| Total per month | $2,959 |
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| Down payment | $14,644 |
|---|---|
| Loan amount | $410,822 |
| Principal and interest | $2,764 |
| Property taxes (1.53% a year) | $533 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| FHA mortgage insurance | $185 |
| Total per month | $3,656 |
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Questions about home buying in Sturbridge
What is the median home value in Sturbridge?
About $418,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sturbridge?
Homeowners pay a median $6,410 a year, which is about 1.53% 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 Sturbridge?
For the median home with 20% down at 7.11%, the payment is about $2,959 a month. Keeping that under 28% of gross income takes about $126,834 a year.
More about Sturbridge
- Mortgage Refinance in Sturbridge
- Debt Relief in Sturbridge
- Home Equity Loans in Sturbridge
- 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