Rent vs. Buy in Dukes County, MA
Should you rent or buy in Dukes County? Here are the numbers.
Median Home Price
$998,100
Median Rent
$1,636/mo
Price-to-Rent Ratio
50.8x
Homeownership Rate
76.6%
Monthly Cost Comparison
Buying (20% down, 6.5% rate)
Renting
In Dukes County, buying costs approximately $4,160/mo more than renting. This doesn't account for equity buildup, tax deductions, or home appreciation.
About Dukes County, Massachusetts
Dukes County in Massachusetts has a median household income of $93,225 and an effective property tax rate of 0.5%. With a price-to-rent ratio of 50.8x, renting may be more cost-effective in the short term.
These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.
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