Estimate your monthly payment using Massachusetts's average home price of $570,000 and property tax rate of 1.17%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Massachusetts's housing market in 2026 has a median home price of approximately $570,000, placing it above the national median of around $420,000. Boston's world-class universities and biotech industry have created sustained demand that keeps Massachusetts home prices among the highest nationwide. Whether you're buying your first home in Boston or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Massachusetts average 1.17% of assessed value annually — a near-average property tax rate. On a $570,000 home, that translates to roughly $556 per month added to your mortgage payment. Boston, Worcester, and Cambridge all fall under Massachusetts's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
MassHousing offers down payment assistance up to 5% of the purchase price with no repayment required if you stay in the home. Beyond state programs, FHA loans remain popular in Massachusetts requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
The Greater Boston metro consistently has lower inventory than demand creating competitive multiple-offer situations for buyers. When shopping for a mortgage in Massachusetts, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $570,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Massachusetts home of $570,000 puts your estimated total monthly cost at approximately $3,766 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Massachusetts is approximately $570,000 as of 2026. Prices vary significantly by city and county — Boston tends to be pricier while more rural areas offer lower prices.
Massachusetts has a near-average property tax rate at 1.17% of assessed value. On a $570,000 home that adds about $556 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
MassHousing offers down payment assistance up to 5% of the purchase price with no repayment required if you stay in the home. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.