Total monthly cost of ownership
Cost to Own a Home in Winthrop Town, Massachusetts
A $607,000 home here costs
$4,773per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $204,500 a year.
A standard mortgage calculator would have told you $3,362. The real number is $1,411 higher every month, 42% more than the payment most buyers budget for.
Compare Suffolk 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.
Winthrop Town against Suffolk County and Massachusetts
| Measure | Winthrop Town | Suffolk County |
|---|---|---|
| Median home value | $606,900 | $680,700 |
| Median property tax | $6,079 | $4,533 |
| Effective tax rate | 1.002% | 0.666% |
| Median gross rent | $1,909 | $2,069 |
| Population | 18,807 | 782,172 |
The weather behind that power bill
Winthrop Town sits in Suffolk County, which averages a high of 82.1°F in its hottest month and a low of 23.1°F in its coldest, with 43.59" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 802 cooling and 5,546 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Suffolk County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Suffolk County
Full Suffolk County cost breakdown · Every county in Massachusetts
Talk to someone who works this market
These are Winthrop Town 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 Winthrop Town every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Winthrop Town I already own here and may sell
Common questions
How much does it cost to own a home in Winthrop Town?
A $607,000 home in Winthrop Town, Massachusetts costs approximately $4,773 per month with 20% down at 7.4%. That is $3,362 principal and interest, $507 property tax, $157 homeowners insurance, $242 utilities and $506 set aside for maintenance.
What is the property tax rate in Winthrop Town?
Winthrop Town has an effective property tax rate of 1.002%, based on a median home value of $606,900 and median real estate taxes of $6,079. That is higher than the Suffolk County average of 0.666%.
What is the average home price in Winthrop Town?
The median owner-occupied home value in Winthrop Town, Massachusetts is $606,900, against $680,700 across Suffolk County.
Is it cheaper to rent or buy in Winthrop Town?
Median gross rent in Winthrop Town is $1,909 a month, against $4,773 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 Winthrop Town?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Winthrop Town, Massachusetts at today's rate takes a household income of roughly $204,500 a year. That covers the full $4,773 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Winthrop Town, 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.