The typical owner-occupied home in Provincetown is worth about $959,000, 71% above the Massachusetts median of $562,100 and 2.9 times the national median of $332,700. Owners pay a median $5,140 a year in property taxes, about 0.54% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $158,125 a year, so the median home costs 6.1 times the median income (5.4 times for Massachusetts). 76% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Provincetown at a glance
| Provincetown | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $959,000 | $562,100 | $332,700 |
| Median property tax paid per year | $5,140 | $5,992 | $3,119 |
| Property tax as a share of value | 0.54% | 1.07% | 0.94% |
| Median household income | $158,125 | $103,960 | $80,734 |
| Homes lived in by their owners | 76% | 63% | 65% |
| Owner homes with a mortgage | 69% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,721 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 17.1% | 21.9% | 21.0% |
| Median rent | $1,284 | $1,762 | $1,413 |
| Rent as a share of renters' income | 33.4% | 30.9% | 30.6% |
| Median year homes were built | 1958 | 1964 | 1980 |
| Vacant homes | 57.1% | 8.1% | 10.1% |
| Population | 3,452 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Provincetown
At this week's average 30-year rate of 7.11%, buying the median Provincetown home of $959,000 with 20% down costs about $5,992 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $7,744, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $256,806 for the 20%-down payment. That payment is 45% of the median Provincetown household income of $158,125; at that income and 20% down, the 28% guideline points to a home of about $590,000.
The median rent here is $1,284 a month, so owning the median home costs about $4,708 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $191,800 |
|---|---|
| Loan amount | $767,200 |
| Principal and interest | $5,161 |
| Property taxes (0.54% a year) | $432 |
| Homeowners insurance (our estimate, 0.5% a year) | $400 |
| PMI | $0 |
| Total per month | $5,992 |
Change the numbers in the calculator
| Down payment | $33,565 |
|---|---|
| Loan amount | $941,630 |
| Principal and interest | $6,334 |
| Property taxes (0.54% a year) | $432 |
| Homeowners insurance (our estimate, 0.5% a year) | $400 |
| FHA mortgage insurance | $578 |
| Total per month | $7,744 |
Change the numbers in the calculator
Questions about home buying in Provincetown
What is the median home value in Provincetown?
About $959,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Provincetown?
Homeowners pay a median $5,140 a year, which is about 0.54% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Provincetown?
For the median home with 20% down at 7.11%, the payment is about $5,992 a month. Keeping that under 28% of gross income takes about $256,806 a year.
More about Provincetown
- Mortgage Refinance in Provincetown
- Debt Relief in Provincetown
- Home Equity Loans in Provincetown
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data