Massachusetts · Boston-Cambridge-Newton, MA-NH metro area

Buying a home in Quincy, Massachusetts

In Quincy, the median value of owner-occupied homes is $618,500, Norfolk County's effective property tax rate is 1.06%, a purchase mortgage carried a median $5,466 in total loan costs in 2025, and median gross rent is $2,118 a month.

Data as of : Census ACS 2020-2024, Census Vintage 2024, HMDA 2025, HUD FY 2027. Sources

Quincy home costs, fact by fact

About Quincy

Quincy is a city in the Boston-Cambridge-Newton, MA-NH metro area, the 11th largest nationally, with 103,434 residents. Median gross rent is $2,118 per month, and 45.2% of homes are owner-occupied.

Reading the Quincy figures

Quincy's $618,500 lands a notch under the Massachusetts figure of $626,900. Boston asks $731,700 for the same measure, and Cambridge reaches $1,092,100, so a buyer who looks across the harbor pays more. Heading the other way, Lynn costs $510,100 and Brockton $437,500. Monthly rent follows the same slope: Quincy's $2,118 nearly matches Boston's $2,147, whereas Lynn's is $1,722. Owners account for 45.2% of households, well short of Brockton's 57.4%.

For a buyer, Norfolk County is where the tax and lending numbers come from. A 1.06% rate produces a $7,261 annual bill. Among 5,102 loans in 2025 the typical closing cost was $5,466, and the central bulk of them ran from $4,586 to $7,574. HUD's benchmark for the Boston-Cambridge-Quincy area, $3,008, is far above the census rent, which hints that a newly signed lease can cost more than the median suggests.

Calculate for Massachusetts

If you buy

Massachusetts state transfer tax

Deeds excise (G.L. c. 64D): $2.28 per $500 of price ($4.56 per $1,000) outside Barnstable County; $3.24 per $500 in Barnstable County. Change the price: the amount is recalculated instantly.

Price$626,900
State transfer tax$2,859.12
Share of the price0.46% of the price
Who paysThe seller

Default price: the Massachusetts median value of owner-occupied homes, $626,900 (Census ACS 2025). Rule: Price minus the value of any lien that stays on the property, divided by $500, rounded up to the next whole unit, times $2.28. Barnstable County uses $3.24 per unit. Applies to consideration above $100. Who pays: The tax is paid by the person who makes or signs the deed, or for whose benefit it is signed (c. 64D, section 2), which is the seller on a sale. Not included: county and city transfer taxes, recording fees, title insurance and lender charges. Massachusetts transfer tax guide · all 50 states.

If you sell

Capital gain and the federal tax on it

Same federal rule in every state: Section 121 of the Internal Revenue Code excludes up to $250,000 of gain on a main home ($500,000 for a married couple filing jointly).

Capital gain$350,000
Section 121 exclusion$250,000 (limit $250,000)
Taxable gain$100,000
Type of gainLong-term (owned over 1 year), 15% chosen
Federal tax on the gain$15,000

Section 121 excludes $250,000; the rest is taxable.

Gain = sale price minus your adjusted basis (purchase price, buying costs and improvements); selling expenses reduce it (IRS Publication 523). Long-term rates for sales in 2026, by taxable income including the gain (IRS Rev. Proc. 2025-32, section 4.03): 0% up to $49,450 single or $98,900 married filing jointly, 15% up to $545,500 single or $613,700 jointly, 20% above. Not included: Massachusetts state income tax on the gain (not computed), the net investment income tax, depreciation recapture on a rental or home office, and the reduced exclusion for an early sale. Agent commissions are negotiated and never set by law. Capital gains on a home sale.

Questions about buying a home in Quincy

How much is property tax in Quincy?

Homeowners in Norfolk County pay a median $7,261 a year in property tax, 1.06% of the county median home value of $683,900 (Census ACS 2020-2024). Your bill depends on your assessed value and local rates.

What are closing costs on a mortgage in Quincy?

Home-purchase mortgages in Norfolk County carried median total loan costs of $5,466 in 2025; half of the 5,102 loans fell between $4,586 and $7,574 (HMDA). Total loan costs are the lender and settlement-service charges of the Closing Disclosure; transfer taxes and prepaid items come on top.

Is there a transfer tax when you buy a home in Quincy?

Massachusetts has no tax called a transfer tax but charges a deeds excise under G.L. c. 64D of $2.28 per $500 of price outside Barnstable County and $3.24 per $500 in Barnstable County. It is paid by the person who signs the deed, usually the seller.

Is it cheaper to rent or buy in Quincy?

It depends on your mortgage rate, down payment and how long you stay. As a benchmark, the median value of owner-occupied homes in Quincy ($618,500) equals 24.3 years of the median gross rent ($2,118 a month), both from Census ACS 2020-2024.

Run your own numbers: rent vs buy calculator · closing costs calculator.

Massachusetts rules that apply in Quincy

Other large cities in Massachusetts

Who licenses each trade in Massachusetts · All covered cities

Sources

Massachusetts · All states · Federal guides