Amherst, MA 01002 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Amherst, MA—01002

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$543,000

0.4% YoY Growth

Household Income

$69,400

24.3% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$2,280

7.4% YoY Growth

1-Bed Rent

$2,280

31.2% YoY Growth

2-Bed Rent

$2,200

16.0% YoY Growth

3-Bed Rent

$2,800

13.3% YoY Growth

Home Price Trends — Amherst, MA

As of May '25, the median home price in Amherst, MA is $513,000, with a year-over-year change of 0.3%. This indicates that home prices in Amherst, MA are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$543,000	0.4%
Single Family	$584,000	0.5%
Condos	$308,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Amherst, MA

As of July '25, Rentcast reports the average rent in Amherst, MA is $2,240, with a year-over-year rent change of -7.4%. Per bedroom, the median rent as of July '25 in Amherst, MA is studios: $1,420, 1-bedrooms: $2,100, 2-bedrooms: $2,250, 3-bedrooms: $3,060, 4-bedrooms: $3,280. The most common rental property sizes in Amherst, MA are 2-bedroom and 1-bedroom, accounting for 29.1% and 22.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,280	$2,240
Studio Rent	$1,300	$1,420
1 Bed Rent	$2,280	$2,100
2 Bed Rent	$2,200	$2,250
3 Bed Rent	$2,800	$3,060
4 Bed Rent	$3,200	$3,280

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% of Rental Stock

Studio

13.1%

1 Bedroom

22.8%

2 Bedrooms

29.1%

3 Bedrooms

20.7%

4 Bedrooms

11.2%

5+ Bedrooms

3.1%

Property Listings — Amherst, MA

As of May '25, Realtor.com reports that the median days on market for a home in Amherst, MA is 112. This is a increase of 74.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$555,000	-1.0%
Listing Count	67	55.0%
Listings as % of Homes	0.2%	55.0%
Days on Market	20	6.0%

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Demographics — Amherst, MA

As of the latest ACS Survey released in 2023, Amherst, MA has a population of 24,700, which has decreased by -17.8% over the past 5 years. Amherst, MA is a less popular place for families, as children make up 13.1% of the population. The area has a highly educated workforce, with 73.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,700	-17.8%
% Under 18	13.1%	5.6%
% Seniors	16.0%	34.5%
% WFH	20.6%	126.4%
% w/ College Degree	73.9%	10.3%

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As of the latest ACS Survey released in 2023, Amherst, MA is a predominantly white area, with 70.6% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Amherst, MA is hispanic, making up 9.4% of the population. Foreign-born residents account for 15.3% of the population in Amherst, MA, and this percentage has decreased by 11.6% 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	70.6%	-1.0%
% Black	4.7%	-24.2%
% Hispanic	9.4%	28.8%
% Asian	8.6%	-21.8%
% Foreign Born	15.3%	-11.6%

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Mortgage and Risk — Amherst, MA

According to HUD data as of 2023, there were 199 mortgage originations in Amherst, MA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Amherst, MA. Investor activity is low, as 6.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	199
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	6.0%
% Second Loans	1.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Amherst, MA

As of 2024, the percent of homes in Amherst, MA under the Section 8 program is 11.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Amherst, 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	617
Total Units Section 8	602
% Rentals under Section 8	11.9%
% Occupied Section 8	88.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$740	$2,280	$1,540
2 Bedroom	-$290	$2,200	$1,910
3 Bedroom	-$470	$2,800	$2,330
4 Bedroom	-$600	$3,200	$2,600

Amherst, MA—01002

Key Metrics at a Glance

Home Price Trends — Amherst, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Amherst, MA

% of Rental Stock

Property Listings — Amherst, MA

Demographics — Amherst, MA

Race and Ethnicity

Mortgage and Risk — Amherst, MA

Mortgages

Rentals and Section 8 — Amherst, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Amherst, MA

Home Price to Income Ratio

Amherst, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Amherst Center, MA

Shutesbury, MA

Leverett, MA

Hadley, MA

Belchertown, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.7
Median Home Price	$543,000
Median Household Income	$69,400

Amherst, MA—01002

Key Metrics at a Glance

Home Price Trends — Amherst, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Amherst, MA

% of Rental Stock

Property Listings — Amherst, MA

Demographics — Amherst, MA

Race and Ethnicity

Mortgage and Risk — Amherst, MA

Mortgages

Rentals and Section 8 — Amherst, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Amherst, MA

Home Price to Income Ratio

Amherst, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Amherst Center, MA

Shutesbury, MA

Leverett, MA

Hadley, MA

Belchertown, MA

Frequently Asked Questions

What is the average home price in Amherst, MA 01002?

How have home prices in Amherst, MA 01002 changed over the past year?

What is the home price projection for Amherst, MA 01002?

What are the demographics of Amherst, MA 01002?

How long does it take homes to sell in Amherst, MA 01002?

What is the average rent price in Amherst, MA 01002?