Market Overview
Home Prices in Shrewsbury, MA
The median home value in Shrewsbury, MA is $708,422 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% 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 Shrewsbury are priced73% above average. Shrewsbury is part of the Worcester, MA-CT metro area.
Over the past five years, Shrewsbury home values have risen by approximately31.3%, reflecting strong long-term appreciation in this market.
Price History
Shrewsbury Home Price Trend
City Comparison
Shrewsbury vs. National Median
At $708,422, homes in Shrewsbury cost 73% above the national median of $410,000. Buyers in Shrewsbury should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Shrewsbury?
20% Down Payment
$141,684
on $708,422
Monthly P&I
$3,695/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,693/mo
incl. taxes & insurance
Income Needed
$187,720
gross annual (30% rule)
10% Down Option
$70,842
+ PMI applies
Loan Amount (20% dn)
$566,738
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 Shrewsbury, MA?
The median home value in Shrewsbury is $708,422 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Shrewsbury?
Over the past year, home values in Shrewsbury have increased by 0.4%. Over five years, prices have risen approximately 31.3%.
How much do I need to earn to buy a home in Shrewsbury?
To comfortably afford the median home price of $708,422 with a 20% down payment ($141,684) at today's rates (6.8%), you'd need a gross annual income of approximately $187,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Shrewsbury compare to the national average home price?
The national median home value is approximately $410,000. At $708,422, homes in Shrewsbury are 73% above the national average.
What metro area is Shrewsbury part of?
Shrewsbury is part of the Worcester, MA-CT metropolitan area. Home prices and market conditions can vary across the broader metro region.