Savoy, MA—01256
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Savoy, MA
As of Oct '25, the median home price in Savoy, MA is $317,000, with a year-over-year change of 2.8%. This indicates that home prices in Savoy, MA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 2.8% |
| Single Family | $317,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $348,000 | 1.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Savoy, MA
Savoy, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Savoy, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Savoy, MA is 140. This is a increase of 114.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $353,000 | 14.0% |
Listing Count | 4 | 67.0% |
| Listings as % of Homes | 0.7% | 67.0% |
Days on Market | 140 | 114.0% |
Demographics — Savoy, MA
As of the latest ACS Survey released in 2023, Savoy, MA has a population of 733, which has increased by 1.9% over the past 5 years. Savoy, MA is a moderately popular place for families, as children make up 15.4% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 733 | 1.9% |
% Under 18 | 15.4% | -10.5% |
% Seniors | 30.4% | 46.9% |
% WFH | 2.1% | -52.3% |
% w/ College Degree | 23.7% | 18.5% |
As of the latest ACS Survey released in 2023, Savoy, MA is a predominantly white area, with 97.1% of the population identifying as white. The white population has grown by 9.7% in the last 5 years. The second most common race or ethnicity in Savoy, MA is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.4% of the population in Savoy, MA, and this percentage has decreased by 44.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.1% | 9.7% |
% Black | 0.4% | -94.9% |
% Hispanic | 1.6% | -33.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.4% | -44.0% |
Mortgage and Risk — Savoy, MA
According to HUD data as of 2023, there were 32 mortgage originations in Savoy, MA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Savoy, MA. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 32 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Savoy, MA
Savoy, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,090 |
| 2 Bedroom | N/A | N/A | $1,410 |
| 3 Bedroom | N/A | N/A | $1,740 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Savoy, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $317,000 |
| Median Household Income | $55,000 |