Compare Pittsfield, MA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Pittsfield.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Pittsfield. Plus, shopping lenders is free and there is no obligation.
January 19, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Pittsfield. Understand how much you need to earn to afford a home in Pittsfield, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Pittsfield fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Pittsfield is right for you.
The median home value for Pittsfield, MA (Berkshire County) is $290,134
Based on current mortgage rates and a 10% down payment, you need to make $47,537 per year to buy the median priced home in Pittsfield
With this income, you could qualify for a $261,120 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Pittsfield is $1,101
The median household income for Pittsfield, MA (Berkshire County) is $63,658
Based on this income, you can afford a home valued at approximately $388,523
The home price you can afford to buy based on household income in Pittsfield is 134% of the median home value which means housing prices are average. Pittsfield (Berkshire County) ranks 3 out of 14 counties in Massachusetts and 2,767 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Pittsfield, MA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Pittsfield (Berkshire County) below.
Conforming loan limits for Pittsfield, MA
FHA loan limits for Pittsfield, MA
VA loan limits for Pittsfield, MA