Mortgage Payment Calculator for Boston, MA
Updated 2026 · Local data pre-filled
The median home price in Boston, MA is $680,000, with an effective property tax rate of 1.06% — below the national average of 1.10%. We've pre-filled the calculator with local figures so your estimate reflects what buyers actually pay in Boston.
✓ Calculator below is pre-filled with Boston local data
How Boston Compares to the National Average
Understanding how Boston stacks up helps you calibrate your financial planning.
| Metric | Boston, MA | US Average | Difference |
|---|---|---|---|
| Median Home Price | $680,000 | $420,800 | +61.6% |
| Median Monthly Rent | $2,750 | $1,713 | +60.5% |
| Median Household Income | $89,400 | $74,580 | +19.9% |
| Property Tax Rate | 1.06% | 1.10% | -3.6% |
| Cost of Living Index | 162 | 100 | +62.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Boston Financial Snapshot
- Population (Metro)
- 4,920,000
- Unemployment
- 3.3%
- Avg Commute
- 32 min
- Median Age
- 32.6
- Price-to-Rent Ratio
- 20.6x
- Annual Property Tax
- $7,208
Mortgage Payment Calculator in Other Massachusetts Cities
Frequently Asked Questions — Boston
What is the median home price in Boston, MA?
The median home price in Boston is $680,000 as of 2025–2026. This is above the national median of $420,800.
What is the average rent in Boston?
Median monthly rent in Boston is $2,750. That works out to $33,000/year, or 37% of the median household income — above the recommended 30% threshold.
Is Boston affordable?
Boston's cost of living index is 162 vs. the national average of 100. With a median household income of $89,400/year and a median home price of $680,000, the price-to-income ratio is 7.6x. This makes homeownership a significant stretch for the typical Boston household.
What is the property tax rate in Boston?
The effective property tax rate in Boston is 1.06% of assessed value. On the median home of $680,000, that's roughly $7,208/year ($601/month).