Total monthly cost of ownership
Cost to Own a Home in North Adams, Massachusetts
A $185,000 home here costs
$1,723per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $951. The real number is $772 higher every month — 81% 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.
North Adams against Berkshire County and Massachusetts
| Measure | North Adams | Berkshire County |
|---|---|---|
| Median home value | $185,300 | $283,800 |
| Median property tax | $2,914 | $3,891 |
| Effective tax rate | 1.573% | 1.371% |
| Median gross rent | $777 | $1,042 |
| Population | 12,660 | 128,047 |
The weather behind that power bill
North Adams sits in Berkshire County, which averages a high of 79.3°F in its hottest month and a low of 13.9°F in its coldest, with 44.23" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 344 cooling and 7,224 heating degree days, which is what sets the $259 electricity line above.
See the full climate breakdown for Berkshire County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Berkshire County
Full Berkshire County cost breakdown · Every county in Massachusetts
Common questions
How much does it cost to own a home in North Adams?
A $185,000 home in North Adams, Massachusetts costs approximately $1,723 per month with 20% down at 6.66%. That is $951 principal and interest, $243 property tax, $48 homeowners insurance, $327 utilities and $154 set aside for maintenance.
What is the property tax rate in North Adams?
North Adams has an effective property tax rate of 1.573%, based on a median home value of $185,300 and median real estate taxes of $2,914. That is higher than the Berkshire County average of 1.371%.
What is the average home price in North Adams?
The median owner-occupied home value in North Adams, Massachusetts is $185,300, against $283,800 across Berkshire County.
Is it cheaper to rent or buy in North Adams?
Median gross rent in North Adams is $777 a month, against $1,723 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 North Adams — 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.