North Adams, MA—01247
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Adams, MA
As of Oct '25, the median home price in North Adams, MA is $257,000, with a year-over-year change of 4.8%. This indicates that home prices in North Adams, MA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | 4.8% |
| Single Family | $258,000 | 4.5% |
| Condos | $226,000 | 11.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $165,000 | 3.8% |
2 Bed | $234,000 | 4.0% |
3 Bed | $263,000 | 4.0% |
4 Bed | $284,000 | 4.0% |
| 5 Bed | $302,000 | 8.2% |
% of Housing Stock
Rental Trends — North Adams, MA
As of July '25, Rentcast reports the average rent in North Adams, MA is $1,760, with a year-over-year rent change of 22.2%. Per bedroom, the median rent as of July '25 in North Adams, MA is 1-bedrooms: $1,140, 2-bedrooms: $2,130, 3-bedrooms: $1,780. The most common rental property sizes in North Adams, MA are 2-bedroom and 3-bedroom, accounting for 38.3% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,140 |
| 2 Bed Rent | $1,950 | $2,130 |
| 3 Bed Rent | $1,800 | $1,780 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Adams, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Adams, MA is 66. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | -21.0% |
Listing Count | 49 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 66 | -25.0% |
Demographics — North Adams, MA
As of the latest ACS Survey released in 2023, North Adams, MA has a population of 15,000, which has decreased by -3.9% over the past 5 years. North Adams, MA is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | -3.9% |
% Under 18 | 16.5% | -8.8% |
% Seniors | 23.1% | 16.7% |
% WFH | 9.0% | 246.2% |
% w/ College Degree | 26.7% | 6.0% |
As of the latest ACS Survey released in 2023, North Adams, MA is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in North Adams, MA is hispanic, making up 5.5% of the population. Foreign-born residents account for 4.8% of the population in North Adams, MA, and this percentage has increased by 26.3% 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 | 88.0% | -1.9% |
% Black | 1.1% | -35.3% |
% Hispanic | 5.5% | 41.0% |
% Asian | 2.7% | 200.0% |
% Foreign Born | 4.8% | 26.3% |
Mortgage and Risk — North Adams, MA
According to HUD data as of 2023, there were 257 mortgage originations in North Adams, MA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in North Adams, MA. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — North Adams, MA
North Adams, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,065 |
Total Units Section 8 | 756 |
% Rentals under Section 8 | 26.2% |
% Occupied Section 8 | 89.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,080 | $1,200 |
| 2 Bedroom | -$380 | $1,950 | $1,570 |
| 3 Bedroom | $100 | $1,800 | $1,900 |
| 4 Bedroom | N/A | N/A | $2,640 |
Affordability — North Adams, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $257,000 |
| Median Household Income | $55,500 |