Greenfield, MA—01301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenfield, MA
As of Oct '25, the median home price in Greenfield, MA is $331,000, with a year-over-year change of 2.6%. This indicates that home prices in Greenfield, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $331,000 | 2.6% |
| Single Family | $336,000 | 1.5% |
| Condos | $267,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $296,000 | 1.7% |
3 Bed | $331,000 | 1.5% |
4 Bed | $368,000 | 1.9% |
| 5 Bed | $436,000 | 3.1% |
% of Housing Stock
Rental Trends — Greenfield, MA
As of July '25, Rentcast reports the average rent in Greenfield, MA is $1,850, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Greenfield, MA is 1-bedrooms: $1,330, 2-bedrooms: $1,990, 3-bedrooms: $2,300. The most common rental property sizes in Greenfield, MA are 1-bedroom and 2-bedroom, accounting for 39.4% and 37.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,330 |
| 2 Bed Rent | $1,900 | $1,990 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greenfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenfield, MA is 44. This is a increase of 125.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | 14.0% |
Listing Count | 20 | 25.0% |
| Listings as % of Homes | 0.2% | 25.0% |
Days on Market | 44 | 125.0% |
Demographics — Greenfield, MA
As of the latest ACS Survey released in 2023, Greenfield, MA has a population of 17,900, which has remained stable by 0.9% over the past 5 years. Greenfield, MA is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 38.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | 0.9% |
% Under 18 | 19.1% | 5.5% |
% Seniors | 23.8% | 17.2% |
% WFH | 12.6% | 100.0% |
% w/ College Degree | 38.0% | 13.1% |
As of the latest ACS Survey released in 2023, Greenfield, MA is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Greenfield, MA is hispanic, making up 6.0% of the population. Foreign-born residents account for 5.9% of the population in Greenfield, MA, and this percentage has decreased by 1.7% 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 | 87.3% | -0.2% |
% Black | 2.5% | -3.8% |
% Hispanic | 6.0% | -18.9% |
% Asian | 1.9% | 90.0% |
% Foreign Born | 5.9% | -1.7% |
Mortgage and Risk — Greenfield, MA
According to HUD data as of 2023, there were 220 mortgage originations in Greenfield, MA, of which 89.0% 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 Greenfield, MA. Investor activity is low, as 3.0% 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 | 220 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Greenfield, MA
Greenfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 970 |
Total Units Section 8 | 966 |
% Rentals under Section 8 | 26.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,350 | $1,140 |
| 2 Bedroom | -$400 | $1,900 | $1,500 |
| 3 Bedroom | -$490 | $2,300 | $1,810 |
| 4 Bedroom | N/A | N/A | $2,020 |
Affordability — Greenfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $331,000 |
| Median Household Income | $54,300 |