Westfield, MA 01085 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Westfield, MA—01085

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$372,000

3.0% YoY Growth

Household Income

$83,800

30.9% YoY Growth

Days on Market

11.0% Longer YoY

Home Price Forecast

2.6%

Median Rent

$1,880

1.1% YoY Growth

1-Bed Rent

$1,840

4.3% YoY Growth

2-Bed Rent

$1,850

1.0% YoY Growth

3-Bed Rent

$2,000

12.0% YoY Growth

Home Price Trends — Westfield, MA

As of Dec '25, the median home price in Westfield, MA is $372,000, with a year-over-year change of 3.0%. This indicates that home prices in Westfield, 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	$372,000	3.0%
Single Family	$380,000	3.0%
Condos	$249,000	6.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Westfield, MA

As of July '25, Rentcast reports the average rent in Westfield, MA is $1,900, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Westfield, MA is studios: $1,000, 1-bedrooms: $1,680, 2-bedrooms: $1,940, 3-bedrooms: $2,050, 4-bedrooms: $2,200. The most common rental property sizes in Westfield, MA are 2-bedroom and 1-bedroom, accounting for 39.7% and 33.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,880	$1,900
Studio Rent	$1,000	$1,000
1 Bed Rent	$1,840	$1,680
2 Bed Rent	$1,850	$1,940
3 Bed Rent	$2,000	$2,050
4 Bed Rent	$2,200	$2,200

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% of Rental Stock

Studio

3.4%

1 Bedroom

33.8%

2 Bedrooms

39.7%

3 Bedrooms

19.7%

4 Bedrooms

2.2%

5+ Bedrooms

1.3%

Property Listings — Westfield, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Westfield, MA is 32. This is a increase of 19.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$388,000	16.0%
Listing Count	37	14.0%
Listings as % of Homes	0.2%	14.0%
Days on Market	39	11.0%

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Demographics — Westfield, MA

As of the latest ACS Survey released in 2023, Westfield, MA has a population of 41,500, which has decreased by -1.1% over the past 5 years. Westfield, MA is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 32.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	41,500	-1.1%
% Under 18	19.9%	6.4%
% Seniors	18.7%	13.3%
% WFH	7.5%	59.6%
% w/ College Degree	32.8%	0.0%

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As of the latest ACS Survey released in 2023, Westfield, MA is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Westfield, MA is hispanic, making up 9.8% of the population. Foreign-born residents account for 10.0% of the population in Westfield, MA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	82.5%	-3.3%
% Black	1.1%	-42.1%
% Hispanic	9.8%	7.7%
% Asian	3.6%	24.1%
% Foreign Born	10.0%	0.0%

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Mortgage and Risk — Westfield, MA

According to HUD data as of 2023, there were 645 mortgage originations in Westfield, MA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Westfield, MA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	645
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Westfield, MA

As of 2024, the percent of homes in Westfield, MA under the Section 8 program is 14.0%. 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 Westfield, 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	777
Total Units Section 8	715
% Rentals under Section 8	14.0%
% Occupied Section 8	83.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$680	$1,840	$1,160
2 Bedroom	-$410	$1,850	$1,440
3 Bedroom	-$240	$2,000	$1,760
4 Bedroom	-$240	$2,200	$1,960

Westfield, MA—01085

Key Metrics at a Glance

Home Price Trends — Westfield, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Westfield, MA

% of Rental Stock

Property Listings — Westfield, MA

Demographics — Westfield, MA

Race and Ethnicity

Mortgage and Risk — Westfield, MA

Mortgages

Rentals and Section 8 — Westfield, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Westfield, MA

Home Price to Income Ratio

Westfield, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Southampton, MA

Russell, MA

Southwick, MA

West Springfield, MA

Agawam, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$372,000
Median Household Income	$83,800

Westfield, MA—01085

Key Metrics at a Glance

Home Price Trends — Westfield, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Westfield, MA

% of Rental Stock

Property Listings — Westfield, MA

Demographics — Westfield, MA

Race and Ethnicity

Mortgage and Risk — Westfield, MA

Mortgages

Rentals and Section 8 — Westfield, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Westfield, MA

Home Price to Income Ratio

Westfield, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Southampton, MA

Russell, MA

Southwick, MA

West Springfield, MA

Agawam, MA

Frequently Asked Questions

What is the average home price in Westfield, MA 01085?

How have home prices in Westfield, MA 01085 changed over the past year?

What is the home price projection for Westfield, MA 01085?

What are the demographics of Westfield, MA 01085?

How long does it take homes to sell in Westfield, MA 01085?

What is the average rent price in Westfield, MA 01085?