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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Southbridge Town, MA Housing Affordability Index

Southbridge Town, Massachusetts has an MBR Housing Affordability Index score of 81.8 (Moderately Less Affordable) as of October 30, 2026, ranking 72nd most affordable of 193 scored Massachusetts cities, compared with 76.0 statewide and 97.4 nationally. On a median-priced $294,800 home with 20% down, the Massachusetts average 30-year fixed rate of 7.10% means a monthly principal and interest payment of about $1,585, or 29% of the city’s $66,287 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Southbridge Town is updated every night from live Massachusetts mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Southbridge Town MBR-HAI 81.8 Moderately Less Affordable
Rank in Massachusetts 72 of 193 1 = most affordable
Massachusetts 76.0 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.10% Massachusetts lenders
Median home value $294,800 U.S. Census Bureau

Southbridge Town is 5.8 points above the Massachusetts score. Scores as of October 30, 2026. See the Massachusetts index

View Southbridge Town Mortgage Rates

See What You Can Afford in Southbridge Town, Massachusetts

Use this Southbridge Town, Massachusetts home affordability calculator to see how much house you can afford at today’s Massachusetts average 30-year mortgage rate of 7.10%. A household earning the Southbridge Town median income of $66,287, with no other debts and $59,000 down, can afford a home of about $233,053, compared with a median home value of $294,800. Buying the median priced home with 20% down takes a household income of about $88,400 once property tax and insurance are counted.

Southbridge Town median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Massachusetts average, 30-year fixed
Southbridge Town median bill (Census)
Estimate; use your quote
You can afford a home up to
$233,053
Below the Southbridge Town median home value of $294,800
Loan amount$174,053
Principal & interest$1,170/mo
Property tax$280/mo
Home insurance$97/mo
PMI$0/mo
Total monthly payment$1,547/mo
Compare Southbridge Town Mortgage Rates

How much house can you afford in Southbridge Town?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Southbridge Town, property taxes run about 1.44% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,466 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Southbridge Town

$1,585/mo
Principal & Interest
Median home, 20% down, 7.10%
$67,900
Income Needed
To keep principal and interest at 28% of income
$66,287
Median Household Income
Massachusetts: $103,960
4.4x
Price-to-Income Ratio
Massachusetts: 5.4x
$1,804/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,257/yr
Median Property Tax
1.44% of median value
32.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
53.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Southbridge Town, Massachusetts. The rate is the Massachusetts average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Southbridge Town Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Southbridge Town, Massachusetts score: 81.8 (Moderately Less Affordable), ranked 72 of 193 Massachusetts cities. monitorbankrates.com/housing-affordability-index/massachusetts/southbridge-town”