HomeRule

Cost of homeownership in Massachusetts

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$543,707
Avg property tax
$4,980
Homeownership rate
66.7%
1yr appreciation
2.1%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Nantucket County$1,265,600
  2. 2.Dukes County$998,100
  3. 3.Middlesex County$654,300
  4. 4.Suffolk County$650,900
  5. 5.Norfolk County$612,100
  6. 6.Essex County$535,300
  7. 7.Barnstable County$519,100
  8. 8.Plymouth County$475,500
  9. 9.Bristol County$385,000
  10. 10.Worcester County$363,200

Most affordable counties

  1. 1.Berkshire County18.6%
  2. 2.Middlesex County19.1%
  3. 3.Hampshire County19.2%
  4. 4.Worcester County19.3%
  5. 5.Suffolk County19.3%
  6. 6.Hampden County19.4%
  7. 7.Norfolk County19.6%
  8. 8.Bristol County19.6%
  9. 9.Barnstable County19.7%
  10. 10.Franklin County20.0%
Avg electricity
30.5¢/kWh

DOE EIA residential average.

Avg annual energy cost
$3,292

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Massachusetts

Frequently asked questions

How much does it cost to own a home in Massachusetts?

Based on Census ACS, the state average home value in Massachusetts is $543,707, with median annual property tax around $4,980. Your actual cost depends on county and property.

What is the property tax in Massachusetts?

Property tax rates vary by county. Massachusetts's state average sits at roughly $4,980 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Massachusetts?

FHFA House Price Index data shows Massachusetts appreciating 2.1% over the last year and 41.3% over the last five years.

Is homeownership high in Massachusetts?

Massachusetts's homeownership rate is 66.7% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.