Total monthly cost of ownership
Cost to Own a Home in Vineyard Haven, Massachusetts
A $815,000 home here costs
$5,820per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,190. The real number is $1,630 higher every month — 39% 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.
Vineyard Haven against Dukes County and Massachusetts
| Measure | Vineyard Haven | Dukes County |
|---|---|---|
| Median home value | $815,000 | $1,104,100 |
| Median property tax | $4,953 | $5,503 |
| Effective tax rate | 0.608% | 0.498% |
| Median gross rent | $1,379 | $1,371 |
| Population | 2,672 | 20,751 |
The weather behind that power bill
Vineyard Haven 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 Vineyard Haven?
A $815,000 home in Vineyard Haven, Massachusetts costs approximately $5,820 per month with 20% down at 6.66%. That is $4,190 principal and interest, $413 property tax, $211 homeowners insurance, $327 utilities and $679 set aside for maintenance.
What is the property tax rate in Vineyard Haven?
Vineyard Haven has an effective property tax rate of 0.608%, based on a median home value of $815,000 and median real estate taxes of $4,953. That is higher than the Dukes County average of 0.498%.
What is the average home price in Vineyard Haven?
The median owner-occupied home value in Vineyard Haven, Massachusetts is $815,000, against $1,104,100 across Dukes County.
Is it cheaper to rent or buy in Vineyard Haven?
Median gross rent in Vineyard Haven is $1,379 a month, against $5,820 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 Vineyard Haven — 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.