09/11/2026
Robert L Serpa - Milestone Mortgage and I fired up the flux capacitor and went back to 1982. ⚡️🚗💨
Think of us as the Marty McFly and Doc Brown of Tri-Town real estate, I handle the real estate side, Rob handles the mortgage side, and this time we wanted to see what buying a home looked like more than 40 years ago.
Back in 1982:
🏠 Marion: about $71,000
🏠 Mattapoisett: about $67,000
🏠 Rochester: about $58,000
The catch?
Mortgage rates were around 16.04% 🫢
Even with those much lower home prices, the estimated monthly housing payment still represented roughly 44% of the average household income depending on the town.
So when someone says, “Homes were so much cheaper back then,” they’re right but there’s a little more to the story.
Real estate prices, mortgage rates and income all matter when we talk about affordability.
And while Rob and I unfortunately can’t take you back to 1982 to buy one of these houses, we can help you figure out the best way to buy one in 2026. 😎
Thinking about buying or selling in Marion, Mattapoisett, Rochester or the South Coast? Reach out anytime.