The typical home in Boston, MA is worth about $700,000.
With 20% down that's a loan near $560,000 — the calculator
is pre-filled with that figure. Tight supply and strong healthcare, education, and biotech employment keep prices high and rising. Suburban property tax rates vary widely town to town, so compare the specific municipality, not just the metro average.
$3,635.87 / month
Total interest
$748,917
Total paid
$1,308,917
Payoff
30.0 years
How much you need to earn
Boston, MA's median household income is about
$99,000 a year. Under standard 28/36
lending rules that supports a home price around
$376,422 with 20% down —
below the $700,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Boston, MA is about $2,900 a month, so owning the median home costs roughly
$1,511 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Boston, MA?
On the metro's roughly $700,000 typical home with 20% down, the loan is about $560,000. Principal and interest run near $3,636 a month at today's rate, and Boston, MA's property tax plus insurance add about $775, for a full payment near $4,411.
Can I afford a home in Boston, MA on the median income?
The median household income is about $99,000 a year. Under standard 28/36 lending rules that supports a home price around $376,422 with 20% down — below the $700,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Boston, MA?
Typical asking rent is about $2,900 a month. The full owner payment on a median home is near $4,411, so owning costs roughly $1,511 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Boston, MA?
The effective property tax rate in the core county is about 1.10% of market value — roughly $7,700 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Boston, MA rising or falling?
Home values are up about 5% over the past year. Tight supply and strong healthcare, education, and biotech employment keep prices high and rising. Suburban property tax rates vary widely town to town, so compare the specific municipality, not just the metro average.