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Northborough

Learn about the people, housing, costs and businesses in Northborough, Massachusetts

Median Home$607,239
Median Rent$1,454/month
Population6,505
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services22% arts, food & hospitality
Home Value Growth⬆⬆⬆+23.1% over 2 years
Family-Friendly22% of residents
Homeowners78% of occupied units
NotableHighly Educated35% bachelor's · 21% graduate · top 3% nationally
NotableHigh Incomes$133k/year · top 6% nationally
Northborough
MA

Frequently Asked Questions

What are today's mortgage rates in Northborough?

As of today, the 30-year fixed mortgage rate for Northborough is approximately 6.817% (6.850% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Northborough?

The median home value in Northborough is $607k. The median monthly rent is $1,454. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Northborough?

Home values in Northborough have increased 23.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Northborough?

Based on a typical all-in ownership cost of $2,251/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $96k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Northborough is $133k/year.

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What industries drive the economy in Northborough?

The largest employment sectors in Northborough are healthcare (24%) and arts, food, and hospitality (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.