Chicopee, MA—01013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chicopee, MA
As of Oct '25, the median home price in Chicopee, MA is $307,000, with a year-over-year change of 2.2%. This indicates that home prices in Chicopee, MA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 2.2% |
| Single Family | $309,000 | 1.6% |
| Condos | $204,000 | 9.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $188,000 | 2.2% |
2 Bed | $269,000 | 1.5% |
3 Bed | $312,000 | 1.6% |
4 Bed | $330,000 | 1.9% |
| 5 Bed | $388,000 | 3.2% |
% of Housing Stock
Rental Trends — Chicopee, MA
As of July '25, Rentcast reports the average rent in Chicopee, MA is $1,650, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Chicopee, MA is studios: $1,290, 1-bedrooms: $1,240, 2-bedrooms: $1,640, 3-bedrooms: $1,880, 4-bedrooms: $2,300. The most common rental property sizes in Chicopee, MA are 2-bedroom and 1-bedroom, accounting for 44.7% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,650 |
| Studio Rent | $1,290 | $1,290 |
| 1 Bed Rent | $1,180 | $1,240 |
| 2 Bed Rent | $1,650 | $1,640 |
| 3 Bed Rent | $1,800 | $1,880 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Chicopee, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Chicopee, MA is 19. This is a increase of 105.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $308,000 | -2.0% |
Listing Count | 15 | 21.0% |
| Listings as % of Homes | 0.1% | 21.0% |
Days on Market | 19 | 105.0% |
Demographics — Chicopee, MA
As of the latest ACS Survey released in 2023, Chicopee, MA has a population of 23,000, which has remained stable by -0.5% over the past 5 years. Chicopee, MA is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,000 | -0.5% |
% Under 18 | 22.3% | 1.4% |
% Seniors | 15.5% | 4.7% |
% WFH | 6.5% | 66.7% |
% w/ College Degree | 23.2% | 19.0% |
As of the latest ACS Survey released in 2023, Chicopee, MA is a predominantly white area, with 58.2% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Chicopee, MA is hispanic, making up 34.3% of the population. Foreign-born residents account for 10.3% of the population in Chicopee, MA, and this percentage has increased by 7.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.2% | -10.6% |
% Black | 5.2% | 2.0% |
% Hispanic | 34.3% | 24.3% |
% Asian | 1.8% | -21.7% |
% Foreign Born | 10.3% | 7.3% |
Mortgage and Risk — Chicopee, MA
According to HUD data as of 2023, there were 186 mortgage originations in Chicopee, MA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Chicopee, MA. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 186 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Chicopee, MA
As of 2024, the percent of homes in Chicopee, MA under the Section 8 program is 17.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Chicopee, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 989 |
Total Units Section 8 | 794 |
% Rentals under Section 8 | 17.3% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,180 | $1,120 |
| 2 Bedroom | -$260 | $1,650 | $1,390 |
| 3 Bedroom | -$110 | $1,800 | $1,690 |
| 4 Bedroom | -$410 | $2,300 | $1,890 |
Affordability — Chicopee, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $307,000 |
| Median Household Income | $64,000 |