The dashboards below illustrate regional housing trends on Cape Cod, including impacts from the COVID-19 pandemic. The first dashboard illustrates how many wage earners are needed to afford to buy or to rent a home for our top industries by employment. The second compares regional and local median household incomes with the income needed to buy or rent a home for each location. The third dashboard shares town- and county-level housing data from the 2019 American Community Survey.
This dashboard illustrates how many wage earners in top industries in the region and towns are needed to afford to buy or to rent a home. Click through to see housing costs compared with average wages for the top employment sectors in Barnstable County under different employment and unemployment scenarios.
Numbers have been rounded. Sources: American Community Survey, Bureau of Labor Statistics, Cape Cod & Islands Association of Realtors, and Crane/EPR. *$410,000 was the median sales price in 2019 according to the Cape Cod & Islands Association of Realtors. Calculations assumed a 10% down payment and a 4.125% 30-year loan and used the NerdWallet mortgage calculator to estimate the monthly principal and interest payment. Calculations also used an average of the Cape town’s property tax rates that does not reflect locally-adopted residential tax exemptions, an insurance rate of $4/$1000, and a mortgage insurance rate of $45/$100,000. ^Median gross rent is from 2018 American Community Survey data ($1,268 rounded to $1,270). This analysis assumes housing costs should not exceed 30% of income.