Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lowell, Massachusetts.
Pre-filled with Lowell median home price and Massachusetts tax/insurance rates. Adjust for your property.
Estimated closing costs based on Massachusetts rates and fees applied to Lowell prices.
The median home price in Lowell is $425,000, 29% below the Massachusetts state median of $595,000. With a population of 115,554, Lowell 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 $425,000 home in Lowell would carry roughly $425/month in property taxes. Homeowners insurance in Massachusetts runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Lowell is $1,750/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.
Lowell is a higher-cost market. At $425K median, buyers need significant savings or strong income. Down payment assistance through Massachusetts's MassHousing DPA program becomes especially important.