Total monthly cost of ownership
Cost to Own a Home in Holbrook, Massachusetts
A $437,000 home here costs
$3,557per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,247. The real number is $1,311 higher every month — 58% 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.
Holbrook against Norfolk County and Massachusetts
| Measure | Holbrook | Norfolk County |
|---|---|---|
| Median home value | $436,500 | $649,400 |
| Median property tax | $6,073 | $7,081 |
| Effective tax rate | 1.391% | 1.090% |
| Median gross rent | $1,522 | $2,072 |
| Population | 11,320 | 724,540 |
The weather behind that power bill
Holbrook sits in Norfolk County, which averages a high of 85.7°F in its hottest month and a low of 20.6°F in its coldest, with 43.91" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 828 cooling and 5,540 heating degree days, which is what sets the $259 electricity line above.
See the full climate breakdown for Norfolk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Norfolk County
Full Norfolk County cost breakdown · Every county in Massachusetts
Common questions
How much does it cost to own a home in Holbrook?
A $437,000 home in Holbrook, Massachusetts costs approximately $3,557 per month with 20% down at 6.66%. That is $2,247 principal and interest, $507 property tax, $113 homeowners insurance, $327 utilities and $364 set aside for maintenance.
What is the property tax rate in Holbrook?
Holbrook has an effective property tax rate of 1.391%, based on a median home value of $436,500 and median real estate taxes of $6,073. That is higher than the Norfolk County average of 1.090%.
What is the average home price in Holbrook?
The median owner-occupied home value in Holbrook, Massachusetts is $436,500, against $649,400 across Norfolk County.
Is it cheaper to rent or buy in Holbrook?
Median gross rent in Holbrook is $1,522 a month, against $3,557 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Holbrook — 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.