Massachusetts Mortgage Rates & Home Prices (2026)
Median price: $585,000 · Avg. rate: 6.80%
Massachusetts Market Overview
$585,000
Median Home Price
6.80%
Avg. 30-Yr Rate
1.15%
Property Tax Rate
62.5%
Homeownership Rate
Massachusetts has one of the most expensive housing markets in the country, particularly in Greater Boston. The ONE Mortgage program offers 3% down with no PMI for qualifying buyers. High demand and limited inventory continue to drive prices upward.
Estimated Monthly Payment
Median home in Massachusetts (20% down, 30-yr fixed)
$3,855/mo
Principal & Interest$3,051
Property Taxes$561
Home Insurance (est.)$244
Total Monthly (PITI)$3,855
Based on a $585,000 home with 20% down ($468,000 loan) at 6.80%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Massachusetts
- MassHousing Mortgage
- ONE Mortgage Program
- MHP SoftSecond Program
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: MA Rates
30-Year Fixed6.80%
15-Year Fixed6.02%
5/1 ARM (est.)6.05%
FHA 30-Year6.65%
VA 30-Year6.55%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: MA
FHA Loan Limit$828,000
Median Income$96,505
Cost Index1.35x