Total monthly cost of ownership
Cost to Own a Home in Boxford, Massachusetts
A $977,000 home here costs
$7,249per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $5,023. The real number is $2,227 higher every month — 44% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Boxford against Essex County and Massachusetts
| Measure | Boxford | Essex County |
|---|---|---|
| Median home value | $977,400 | $584,000 |
| Median property tax | $10,001 | $6,267 |
| Effective tax rate | 1.023% | 1.073% |
| Median gross rent | — | $1,673 |
| Population | 2,325 | 807,258 |
The weather behind that power bill
Boxford sits in Essex County, which averages a high of 81.8°F in its hottest month and a low of 19.7°F in its coldest, with 44.89" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 611 cooling and 6,103 heating degree days, which is what sets the $259 electricity line above.
See the full climate breakdown for Essex County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Essex County
Full Essex County cost breakdown · Every county in Massachusetts
Common questions
How much does it cost to own a home in Boxford?
A $977,000 home in Boxford, Massachusetts costs approximately $7,249 per month with 20% down at 6.66%. That is $5,023 principal and interest, $833 property tax, $252 homeowners insurance, $327 utilities and $814 set aside for maintenance.
What is the property tax rate in Boxford?
Boxford has an effective property tax rate of 1.023%, based on a median home value of $977,400 and median real estate taxes of $10,001. That is lower than the Essex County average of 1.073%.
What is the average home price in Boxford?
The median owner-occupied home value in Boxford, Massachusetts is $977,400, against $584,000 across Essex County.
Is it cheaper to rent or buy in Boxford?
Rent data is not published for Boxford at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Boxford — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Massachusetts.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.