Mortgage Calculator & Closing Costs: Pittsfield, MA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Pittsfield, Massachusetts.
Median Home Price
$295K
Population
44K
Avg Monthly Rent
$1,350
Property Tax Rate
1.2% *
* Property tax shown is the Massachusetts state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Pittsfield.
Pittsfield vs Massachusetts Median
The median home price in Pittsfield is $295,000, which is 50% below the Massachusetts state median of $595,000.
Mortgage Calculator — Pittsfield, MA
Pre-filled with Pittsfield median home price and Massachusetts tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $295K home using Massachusetts's 1.2% tax rate and $2,200/yr insurance.
5% Down
$2,413/mo
Down: $14,750
Loan: $280K
P&I: $1,771
Tax: $295
Insurance: $183
PMI: $163
10% Down
$2,311/mo
Down: $29,500
Loan: $266K
P&I: $1,678
Tax: $295
Insurance: $183
PMI: $155
20% Down (No PMI)
$1,970/mo
Down: $59,000
Loan: $236K
P&I: $1,492
Tax: $295
Insurance: $183
Income needed (28% rule): $84K/year with 20% down, $99K/year with 10% down.
Rent vs Buy in Pittsfield
Rent
$1,350/mo
vs
Buy (10% down)
$2,311/mo
Price-to-rent ratio: 18.2 — A ratio between 15-20 means the rent vs buy decision in Pittsfield depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Pittsfield is $295,000, 50% below the Massachusetts state median of $595,000. With a population of 43,927, Pittsfield is a smaller market where home prices tend to be more accessible than in many parts of Massachusetts.
Property taxes in Massachusetts average 1.2% annually. This moderate property tax rate means a $295,000 home in Pittsfield would carry roughly $295/month in property taxes. Homeowners insurance in Massachusetts runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Pittsfield is $1,350/month. The price-to-rent ratio in Pittsfield is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Pittsfield presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Pittsfield.