Market Overview
Home Prices in Monson, MA
The median home value in Monson, MA is $418,907 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monson are priced2% above average. Monson is part of the Springfield, MA metro area.
Over the past five years, Monson home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Monson Home Price Trend
City Comparison
Monson vs. National Median
At $418,907, homes in Monson cost 2% above the national median of $410,000. Buyers in Monson should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Monson?
20% Down Payment
$83,781
on $418,907
Monthly P&I
$2,185/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,775/mo
incl. taxes & insurance
Income Needed
$111,000
gross annual (30% rule)
10% Down Option
$41,891
+ PMI applies
Loan Amount (20% dn)
$335,126
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Monson, MA?
The median home value in Monson is $418,907 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Monson?
Over the past year, home values in Monson have increased by 3%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Monson?
To comfortably afford the median home price of $418,907 with a 20% down payment ($83,781) at today's rates (6.8%), you'd need a gross annual income of approximately $111,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Monson compare to the national average home price?
The national median home value is approximately $410,000. At $418,907, homes in Monson are 2% above the national average.
What metro area is Monson part of?
Monson is part of the Springfield, MA metropolitan area. Home prices and market conditions can vary across the broader metro region.