Total monthly cost of ownership
Cost to Own a Home in Plymouth, Massachusetts
A $426,000 home here costs
$3,509per 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 $150,500 a year.
A standard mortgage calculator would have told you $2,323. The real number is $1,186 higher every month, 51% more than the payment most buyers budget for.
Compare Plymouth County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Plymouth against Plymouth County and Massachusetts
| Measure | Plymouth | Plymouth County |
|---|---|---|
| Median home value | $426,000 | $513,000 |
| Median property tax | $5,757 | $6,345 |
| Effective tax rate | 1.351% | 1.237% |
| Median gross rent | $1,701 | $1,655 |
| Population | 7,852 | 531,889 |
The weather behind that power bill
Plymouth sits in Plymouth County, which averages a high of 84.0°F in its hottest month and a low of 21.8°F in its coldest, with 52.77" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 805 cooling and 5,309 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Plymouth County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Plymouth County
Full Plymouth County cost breakdown · Every county in Massachusetts
Talk to someone who works this market
These are Plymouth 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 Plymouth every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Plymouth I already own here and may sell
Common questions
How much does it cost to own a home in Plymouth?
A $426,000 home in Plymouth, Massachusetts costs approximately $3,509 per month with 20% down at 7.24%. That is $2,323 principal and interest, $480 property tax, $110 homeowners insurance, $242 utilities and $355 set aside for maintenance.
What is the property tax rate in Plymouth?
Plymouth has an effective property tax rate of 1.351%, based on a median home value of $426,000 and median real estate taxes of $5,757. That is higher than the Plymouth County average of 1.237%.
What is the average home price in Plymouth?
The median owner-occupied home value in Plymouth, Massachusetts is $426,000, against $513,000 across Plymouth County.
Is it cheaper to rent or buy in Plymouth?
Median gross rent in Plymouth is $1,701 a month, against $3,509 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Plymouth?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Plymouth, Massachusetts at today's rate takes a household income of roughly $150,500 a year. That covers the full $3,509 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Plymouth, 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.