How Much House Can You Afford in Massachusetts?

Massachusetts property tax rate: 1.12%. Calculate your maximum affordable home price with Massachusetts-specific rates.

You can afford a home up to

$269,515

That's a 2-bedroom home

Based on your $75,000 income with 20% down

$270K

Your $269,515 budget buys

New York CityStudio in Upper Manhattan/BronxMiamiStudio apartmentDenver1-bedroom condoSalt Lake City2-bedroom condo/townhomePortland1-bedroom condoAustin1-bedroom condoNashville1-bedroom condoPhoenix2-bedroom condo/townhomeRaleigh2-bedroom apartment/condoCharlotte2-bedroom condo/townhomeTampa2-bedroom condo/townhomeMinneapolis2-bedroom condo/townhomeChicago2-bedroom condoSan FranciscoNothing yetLos AngelesNothing yetSeattleNothing yet
28%Recommended
$
%
%

Monthly payment breakdown

$1,750/mo

P&I$1,398
Tax$252
Insurance$100
Calculate your mortgage payment on $269,515Should you rent or buy at this price?

Home price

$269,515

Down payment

$53,903

Loan amount

$215,612

No PMI

Waived (20%+ down)

This is an estimate using Massachusetts's average property tax rate of 1.12%. Actual rates vary by county. Consult a local lender for a pre-approval.

How it works

This calculator uses the 28/36 rule — a widely used guideline for mortgage affordability. Your total housing costs (mortgage, taxes, insurance, PMI, HOA) should not exceed your chosen DTI ratio of gross monthly income.

The calculator works backwards from your income to find the maximum home price that keeps monthly costs within your DTI limit. It uses the standard amortization formula and Massachusetts's average property tax rate of 1.12%.

Massachusetts housing quick facts

Average property tax rate 1.12%
Monthly property tax on $400K home $373
Affordable home at $100K income (28% DTI) $364,797
Monthly payment at $100K income $2,333/mo

FAQ

How much house can I afford in Massachusetts?

On a $100,000 income with 20% down at 6.75% interest and Massachusetts's 1.12% property tax rate, you can afford approximately $364,797 using the recommended 28% DTI ratio. Your monthly payment would be about $2,333.

What is the property tax rate in Massachusetts?

The average effective property tax rate in Massachusetts is 1.12%. On a $400,000 home, that's approximately $373/month in property taxes. Actual rates vary by county and municipality.

Is Massachusetts expensive for homebuyers?

Massachusetts has moderate property taxes at 1.12%, near the national average. On a $100,000 income, you can afford about $364,797.

What is the 28/36 rule?

The 28/36 rule says your total housing costs should not exceed 28% of gross monthly income (front-end DTI), and total debt payments should not exceed 36% (back-end DTI). This calculator lets you adjust the DTI ratio from 20% to 40% to find your comfort level.

What is included in the monthly payment for a Massachusetts home?

The monthly payment combines four components — principal, interest, taxes, and insurance — known as PITI. For Massachusetts, that means principal and interest on the mortgage, 1.12% property tax (about $373/month on a $400,000 home), homeowners insurance, and PMI if you put less than 20% down. HOA fees can be added if your property has them.

How much should I save for a down payment in Massachusetts?

A 20% conventional down payment avoids private mortgage insurance (PMI) — for the example $100,000 income affording about $364,797 in Massachusetts, that's roughly $72,959. FHA loans allow as little as 3.5% down for qualified buyers but require ongoing mortgage insurance. VA loans and some first-time-buyer programs may allow 0% down.

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