Mortgage payment estimates, closing cost breakdowns, and homebuying data for Leominster, Massachusetts.
Pre-filled with Leominster median home price and Massachusetts tax/insurance rates. Adjust for your property.
Estimated closing costs based on Massachusetts rates and fees applied to Leominster prices.
The median home price in Leominster is $375,000, 37% below the Massachusetts state median of $595,000. With a population of 41,598, Leominster 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 $375,000 home in Leominster would carry roughly $375/month in property taxes. Homeowners insurance in Massachusetts runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Leominster is $1,520/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.
Leominster presents moderate affordability. The $375K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.