Total monthly cost of ownership
Cost to Own a Home in Oak Bluffs, Massachusetts
A $1,014,000 home here costs
$7,144per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $5,213. The real number is $1,931 higher every month — 37% 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.
Oak Bluffs against Dukes County and Massachusetts
| Measure | Oak Bluffs | Dukes County |
|---|---|---|
| Median home value | $1,013,900 | $1,104,100 |
| Median property tax | $5,960 | $5,503 |
| Effective tax rate | 0.588% | 0.498% |
| Median gross rent | — | $1,371 |
| Population | 1,357 | 20,751 |
The weather behind that power bill
Oak Bluffs sits in Dukes County, which averages a high of 79.1°F in its hottest month and a low of 23.3°F in its coldest, with 42.14" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 449 cooling and 5,819 heating degree days, which is what sets the $259 electricity line above.
See the full climate breakdown for Dukes County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dukes County
Full Dukes County cost breakdown · Every county in Massachusetts
Common questions
How much does it cost to own a home in Oak Bluffs?
A $1,014,000 home in Oak Bluffs, Massachusetts costs approximately $7,144 per month with 20% down at 6.66%. That is $5,213 principal and interest, $497 property tax, $262 homeowners insurance, $327 utilities and $845 set aside for maintenance.
What is the property tax rate in Oak Bluffs?
Oak Bluffs has an effective property tax rate of 0.588%, based on a median home value of $1,013,900 and median real estate taxes of $5,960. That is higher than the Dukes County average of 0.498%.
What is the average home price in Oak Bluffs?
The median owner-occupied home value in Oak Bluffs, Massachusetts is $1,013,900, against $1,104,100 across Dukes County.
Is it cheaper to rent or buy in Oak Bluffs?
Rent data is not published for Oak Bluffs at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oak Bluffs — 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.