Total monthly cost of ownership
Cost to Own a Home in Granby, Massachusetts
A $300,000 home here costs
$2,725per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $117,000 a year.
A standard mortgage calculator would have told you $1,636. The real number is $1,089 higher every month, 67% more than the payment most buyers budget for.
Compare Hampshire County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Granby from a five-year rolling sample, and with about 1,127 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Hampshire County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Granby against Hampshire County and Massachusetts
| Measure | Granby | Hampshire County |
|---|---|---|
| Median home value | $299,700 | $363,400 |
| Median property tax | $6,238 | $5,326 |
| Effective tax rate | 2.081% | 1.466% |
| Median gross rent | — | $1,332 |
| Population | 1,127 | 156,595 |
The weather behind that power bill
Granby sits in Hampshire County, which averages a high of 84.9°F in its hottest month and a low of 15.5°F in its coldest, with 45.16" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 677 cooling and 6,330 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Hampshire County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hampshire County
Full Hampshire County cost breakdown · Every county in Massachusetts
Talk to someone who works this market
These are Granby averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Granby every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Granby I already own here and may sell
Common questions
How much does it cost to own a home in Granby?
A $300,000 home in Granby, Massachusetts costs approximately $2,725 per month with 20% down at 7.24%. That is $1,636 principal and interest, $520 property tax, $78 homeowners insurance, $242 utilities and $250 set aside for maintenance.
What is the property tax rate in Granby?
Granby has an effective property tax rate of 2.081%, based on a median home value of $299,700 and median real estate taxes of $6,238. That is higher than the Hampshire County average of 1.466%.
What is the average home price in Granby?
The median owner-occupied home value in Granby, Massachusetts is $299,700, against $363,400 across Hampshire County.
Is it cheaper to rent or buy in Granby?
Rent data is not published for Granby at this level of detail.
What salary do you need to buy a home in Granby?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Granby, Massachusetts at today's rate takes a household income of roughly $117,000 a year. That covers the full $2,725 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Granby, 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.