The typical owner-occupied home in Hubbardston is worth about $128,400, 45% below the Michigan median of $231,600 and 61% below the national median of $332,700. Owners pay a median $1,170 a year in property taxes, about 0.91% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $83,750 a year, so the median home costs 1.5 times the median income (3.2 times for Michigan). 95% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Hubbardston at a glance
| Hubbardston | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $128,400 | $231,600 | $332,700 |
| Median property tax paid per year | $1,170 | $2,904 | $3,119 |
| Property tax as a share of value | 0.91% | 1.25% | 0.94% |
| Median household income | $83,750 | $72,875 | $80,734 |
| Homes lived in by their owners | 95% | 73% | 65% |
| Owner homes with a mortgage | 55% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,397 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 19.3% | 21.0% |
| Median rent | $840 | $1,129 | $1,413 |
| Rent as a share of renters' income | 17.5% | 30.2% | 30.6% |
| Median year homes were built | 1948 | 1972 | 1980 |
| Vacant homes | 3.8% | 11.8% | 10.1% |
| Population | 464 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Hubbardston
At this week's average 30-year rate of 7.11%, buying the median Hubbardston home of $128,400 with 20% down costs about $842 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,056, 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 $36,080 for the 20%-down payment. That payment is 12% of the median Hubbardston household income of $83,750; at that income and 20% down, the 28% guideline points to a home of about $298,000.
The median rent here is $840 a month, so owning the median home costs about $2 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,680 |
|---|---|
| Loan amount | $102,720 |
| Principal and interest | $691 |
| Property taxes (0.91% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $842 |
Change the numbers in the calculator
| Down payment | $4,494 |
|---|---|
| Loan amount | $126,074 |
| Principal and interest | $848 |
| Property taxes (0.91% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $57 |
| Total per month | $1,056 |
Change the numbers in the calculator
Questions about home buying in Hubbardston
What is the median home value in Hubbardston?
About $128,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hubbardston?
Homeowners pay a median $1,170 a year, which is about 0.91% 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 Hubbardston?
For the median home with 20% down at 7.11%, the payment is about $842 a month. Keeping that under 28% of gross income takes about $36,080 a year.
More about Hubbardston
- Mortgage Refinance in Hubbardston
- Debt Relief in Hubbardston
- Home Equity Loans in Hubbardston
- 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