Total monthly cost of ownership
Cost to Own a Home in Millers Falls, Massachusetts
A $223,000 home here costs
$1,886per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,146. The real number is $740 higher every month — 65% 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.
Millers Falls against Franklin County and Massachusetts
| Measure | Millers Falls | Franklin County |
|---|---|---|
| Median home value | $222,600 | $303,400 |
| Median property tax | $2,029 | $4,595 |
| Effective tax rate | 0.912% | 1.515% |
| Median gross rent | $1,291 | $1,169 |
| Population | 1,081 | 70,922 |
The weather behind that power bill
Millers Falls sits in Franklin County, which averages a high of 82.7°F in its hottest month and a low of 13.6°F in its coldest, with 49.39" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 519 cooling and 6,683 heating degree days, which is what sets the $259 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Massachusetts
Common questions
How much does it cost to own a home in Millers Falls?
A $223,000 home in Millers Falls, Massachusetts costs approximately $1,886 per month with 20% down at 6.66%. That is $1,146 principal and interest, $169 property tax, $58 homeowners insurance, $327 utilities and $186 set aside for maintenance.
What is the property tax rate in Millers Falls?
Millers Falls has an effective property tax rate of 0.912%, based on a median home value of $222,600 and median real estate taxes of $2,029. That is lower than the Franklin County average of 1.515%.
What is the average home price in Millers Falls?
The median owner-occupied home value in Millers Falls, Massachusetts is $222,600, against $303,400 across Franklin County.
Is it cheaper to rent or buy in Millers Falls?
Median gross rent in Millers Falls is $1,291 a month, against $1,886 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 Millers Falls — 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.