Mortgage payment estimates, closing cost breakdowns, and homebuying data for Quincy, Massachusetts.
Median Home Price
$575K
Population
102K
Avg Monthly Rent
$2,350
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 Quincy.
Quincy vs Massachusetts Median
The median home price in Quincy is $575,000, which is roughly in line with the Massachusetts state median of $595,000.
Mortgage Calculator — Quincy, MA
Pre-filled with Quincy median home price and Massachusetts tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $575K home using Massachusetts's 1.2% tax rate and $2,200/yr insurance.
5% Down
$4,530/mo
Down: $28,750
Loan: $546K
P&I: $3,453
Tax: $575
Insurance: $183
PMI: $319
10% Down
$4,331/mo
Down: $57,500
Loan: $518K
P&I: $3,271
Tax: $575
Insurance: $183
PMI: $302
20% Down (No PMI)
$3,666/mo
Down: $115,000
Loan: $460K
P&I: $2,908
Tax: $575
Insurance: $183
Income needed (28% rule): $157K/year with 20% down, $186K/year with 10% down.
Rent vs Buy in Quincy
Rent
$2,350/mo
vs
Buy (10% down)
$4,331/mo
Price-to-rent ratio: 20.4 — At a ratio above 20, renting may be more economical in Quincy for shorter stays. Buying costs $1,981 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Quincy is $575,000, roughly in line with the Massachusetts state median of $595,000. With a population of 101,636, Quincy is a mid-size city 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 $575,000 home in Quincy would carry roughly $575/month in property taxes. Homeowners insurance in Massachusetts runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Quincy is $2,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Quincy is a higher-cost market. At $575K median, buyers need significant savings or strong income. Down payment assistance through Massachusetts's MassHousing DPA program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Quincy.