Holyoke, MA 01040 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Holyoke, MA—01040

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$315,000

1.3% YoY Growth

Household Income

$51,900

27.6% YoY Growth

Days on Market

34.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$1,700

1.9% YoY Growth

1-Bed Rent

$1,300

21.5% YoY Growth

2-Bed Rent

$1,590

6.0% YoY Growth

3-Bed Rent

$1,900

12.9% YoY Growth

Home Price Trends — Holyoke, MA

As of Dec '25, the median home price in Holyoke, MA is $315,000, with a year-over-year change of 1.3%. This indicates that home prices in Holyoke, MA are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$315,000	1.3%
Single Family	$321,000	1.3%
Condos	$183,000	4.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.5%

1 Bedroom

27.1%

2 Bedrooms

38.6%

3 Bedrooms

25.4%

4 Bedrooms

2.5%

5+ Bedrooms

0.9%

Property Listings — Holyoke, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Holyoke, MA is 40. This is a increase of 48.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$310,000	11.0%
Listing Count	30	2.0%
Listings as % of Homes	0.1%	2.0%
Days on Market	48	34.0%

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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%

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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%

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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%

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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

Holyoke, MA—01040

Key Metrics at a Glance

Home Price Trends — Holyoke, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Holyoke, MA

% of Rental Stock

Property Listings — Holyoke, MA

Demographics — Holyoke, MA

Race and Ethnicity

Mortgage and Risk — Holyoke, MA

Mortgages

Rentals and Section 8 — Holyoke, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Holyoke, MA

Home Price to Income Ratio

Holyoke, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Chicopee, MA

South Hadley, MA

Chicopee, MA

West Springfield, MA

North End, Springfield, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.3
Median Home Price	$315,000
Median Household Income	$51,900

Holyoke, MA—01040

Key Metrics at a Glance

Home Price Trends — Holyoke, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Holyoke, MA

% of Rental Stock

Property Listings — Holyoke, MA

Demographics — Holyoke, MA

Race and Ethnicity

Mortgage and Risk — Holyoke, MA

Mortgages

Rentals and Section 8 — Holyoke, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Holyoke, MA

Home Price to Income Ratio

Holyoke, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Chicopee, MA

South Hadley, MA

Chicopee, MA

West Springfield, MA

North End, Springfield, MA

Frequently Asked Questions

What is the average home price in Holyoke, MA 01040?

How have home prices in Holyoke, MA 01040 changed over the past year?

What is the home price projection for Holyoke, MA 01040?

What are the demographics of Holyoke, MA 01040?

How long does it take homes to sell in Holyoke, MA 01040?

What is the average rent price in Holyoke, MA 01040?