Holyoke, MA—01040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Holyoke, MA
As of Oct '25, the median home price in Holyoke, MA is $319,000, with a year-over-year change of 1.5%. This indicates that home prices in Holyoke, 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 | 1.5% |
| Single Family | $325,000 | 1.2% |
| Condos | $183,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $156,000 | 2.6% |
2 Bed | $268,000 | 1.5% |
3 Bed | $323,000 | 1.3% |
4 Bed | $350,000 | 1.2% |
| 5 Bed | $456,000 | 0.9% |
% of Housing Stock
Rental Trends — Holyoke, MA
As of July '25, Rentcast reports the average rent in Holyoke, MA is $1,650, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Holyoke, MA is studios: $1,100, 1-bedrooms: $1,300, 2-bedrooms: $1,590, 3-bedrooms: $1,930, 4-bedrooms: $2,060. The most common rental property sizes in Holyoke, MA are 2-bedroom and 1-bedroom, accounting for 38.6% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,650 |
| Studio Rent | $1,050 | $1,100 |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,590 | $1,590 |
| 3 Bed Rent | $1,900 | $1,930 |
| 4 Bed Rent | $2,000 | $2,060 |
% of Rental Stock
Property Listings — Holyoke, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Holyoke, MA is 26. This is a increase of 33.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | 13.0% |
Listing Count | 38 | 32.0% |
| Listings as % of Homes | 0.1% | 32.0% |
Days on Market | 26 | 33.0% |
Demographics — Holyoke, MA
As of the latest ACS Survey released in 2023, Holyoke, MA has a population of 37,900, which has decreased by -6.0% over the past 5 years. Holyoke, MA is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,900 | -6.0% |
% Under 18 | 21.4% | -8.9% |
% Seniors | 18.6% | 33.8% |
% WFH | 9.1% | 116.7% |
% w/ College Degree | 24.3% | 3.8% |
As of the latest ACS Survey released in 2023, Holyoke, MA is a predominantly hispanic area, with 51.6% of the population identifying as hispanic. The hispanic population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Holyoke, MA is white, making up 43.5% of the population. Foreign-born residents account for 6.4% of the population in Holyoke, MA, and this percentage has increased by 10.3% 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 | 43.5% | 3.8% |
% Black | 4.2% | -6.7% |
% Hispanic | 51.6% | -1.0% |
% Asian | 0.8% | -38.5% |
% Foreign Born | 6.4% | 10.3% |
Mortgage and Risk — Holyoke, MA
According to HUD data as of 2023, there were 388 mortgage originations in Holyoke, MA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Holyoke, MA. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 388 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Holyoke, MA
As of 2024, the percent of homes in Holyoke, MA under the Section 8 program is 27.7%. 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 Holyoke, 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 | 3,566 |
Total Units Section 8 | 2,566 |
% Rentals under Section 8 | 27.7% |
% Occupied Section 8 | 88.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,300 | $1,120 |
| 2 Bedroom | -$200 | $1,590 | $1,390 |
| 3 Bedroom | -$210 | $1,900 | $1,690 |
| 4 Bedroom | -$110 | $2,000 | $1,890 |
Affordability — Holyoke, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $319,000 |
| Median Household Income | $51,900 |