ZIP Code 02557

In ZIP code 02557, which covers Chilmark, per-capita income stands at $82,259 while the median home value reaches $1,287,200. The county's 0.50% effective property tax rate works out to roughly $6,436 annually on a home at that median value — a figure that consumes a meaningful share of income even at this earning level. Combined with a 6.25% sales tax, carrying costs add up quickly. High earnings here do offset some of the load, yet the gap between what homes cost and what people bring in keeps ownership a stretch for many.