Total monthly cost of ownership
Cost to Own a Home in Smith Mills, Massachusetts
A $385,000 home here costs
$3,004per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,979. The real number is $1,025 higher every month — 52% 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.
Smith Mills against Bristol County and Massachusetts
| Measure | Smith Mills | Bristol County |
|---|---|---|
| Median home value | $384,600 | $421,800 |
| Median property tax | $3,323 | $4,685 |
| Effective tax rate | 0.864% | 1.111% |
| Median gross rent | $599 | $1,181 |
| Population | 4,467 | 578,436 |
The weather behind that power bill
Smith Mills sits in Bristol County, which averages a high of 82.5°F in its hottest month and a low of 20.7°F in its coldest, with 45.94" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 577 cooling and 5,860 heating degree days, which is what sets the $259 electricity line above.
See the full climate breakdown for Bristol County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bristol County
Full Bristol County cost breakdown · Every county in Massachusetts
Common questions
How much does it cost to own a home in Smith Mills?
A $385,000 home in Smith Mills, Massachusetts costs approximately $3,004 per month with 20% down at 6.66%. That is $1,979 principal and interest, $277 property tax, $99 homeowners insurance, $327 utilities and $321 set aside for maintenance.
What is the property tax rate in Smith Mills?
Smith Mills has an effective property tax rate of 0.864%, based on a median home value of $384,600 and median real estate taxes of $3,323. That is lower than the Bristol County average of 1.111%.
What is the average home price in Smith Mills?
The median owner-occupied home value in Smith Mills, Massachusetts is $384,600, against $421,800 across Bristol County.
Is it cheaper to rent or buy in Smith Mills?
Median gross rent in Smith Mills is $599 a month, against $3,004 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 Smith Mills — 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.