Chicopee, MA—01020
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 $319,000, with a year-over-year change of 2.1%. This indicates that home prices in Chicopee, MA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 2.1% |
| Single Family | $322,000 | 1.9% |
| Condos | $249,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $198,000 | 2.6% |
2 Bed | $279,000 | 1.8% |
3 Bed | $328,000 | 2.2% |
4 Bed | $347,000 | 1.8% |
| 5 Bed | $388,000 | 2.1% |
% of Housing Stock
Rental Trends — Chicopee, MA
As of July '25, Rentcast reports the average rent in Chicopee, MA is $1,590, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Chicopee, MA is studios: $1,280, 1-bedrooms: $1,550, 2-bedrooms: $1,890, 3-bedrooms: $1,720. The most common rental property sizes in Chicopee, MA are 2-bedroom and 1-bedroom, accounting for 34.2% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,590 | $1,590 |
| Studio Rent | $1,370 | $1,280 |
| 1 Bed Rent | $1,450 | $1,550 |
| 2 Bed Rent | $1,700 | $1,890 |
| 3 Bed Rent | $1,690 | $1,720 |
| 4 Bed Rent | N/A | N/A |
% 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 25. This is a increase of 24.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 2.0% |
Listing Count | 31 | 3.0% |
| Listings as % of Homes | 0.2% | 3.0% |
Days on Market | 25 | 24.0% |
Demographics — Chicopee, MA
As of the latest ACS Survey released in 2023, Chicopee, MA has a population of 30,200, which has remained stable by 0.4% over the past 5 years. Chicopee, MA is a moderately popular place for families, as children make up 17.5% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,200 | 0.4% |
% Under 18 | 17.5% | -2.8% |
% Seniors | 21.4% | 12.0% |
% WFH | 8.4% | 833.3% |
% w/ College Degree | 22.9% | 29.4% |
As of the latest ACS Survey released in 2023, Chicopee, MA is a predominantly white area, with 70.8% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Chicopee, MA is hispanic, making up 20.6% of the population. Foreign-born residents account for 9.3% of the population in Chicopee, MA, and this percentage has increased by 36.8% 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 | 70.8% | -7.6% |
% Black | 4.8% | 33.3% |
% Hispanic | 20.6% | 25.6% |
% Asian | 2.1% | 5.0% |
% Foreign Born | 9.3% | 36.8% |
Mortgage and Risk — Chicopee, MA
According to HUD data as of 2023, there were 651 mortgage originations in Chicopee, MA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Chicopee, MA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 651 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Chicopee, MA
Chicopee, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 839 |
Total Units Section 8 | 596 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 91.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $1,450 | $1,210 |
| 2 Bedroom | -$200 | $1,700 | $1,500 |
| 3 Bedroom | $140 | $1,690 | $1,830 |
| 4 Bedroom | N/A | N/A | $2,040 |
Affordability — Chicopee, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $319,000 |
| Median Household Income | $71,000 |