ZIP Code 01247 Housing Market

📝 Local Market Notes

ZIP code 01247 in Berkshire County has exhibited a pronounced upward price trajectory over the past five years. The FHFA House Price Index (HPI) rose from 200.21 in 2021 to 291.0 in 2025, reflecting a cumulative increase of roughly 45 % and an average annual gain of about 9 %. The most recent year‑over‑year change was +12.67 %, markedly outpacing both the county’s +1.06 % and the state’s +3.63 % gains for the same period. This divergence signals that 01247 is experiencing localized demand pressures that are not mirrored across the broader Berkshire County or Massachusetts housing markets. While the county and state show modest appreciation, the ZIP’s accelerated growth suggests distinct factors—such as limited inventory, specific buyer preferences, or localized economic influences—are driving prices higher within this area. Based on the county’s ACS 5‑year estimates, the median home value is $305,400, median gross rent is $1,097 per month, median household income is $76,013, and owner occupancy stands at 69.9 %. Combined with an HPI of 291.0 (well above the county average), these figures indicate that 01247 functions as a higher‑priced, owner‑occupied sub‑market relative to the surrounding area, appealing to buyers seeking relatively upscale single‑family homes rather than entry‑level or renter‑dominated segments. A prospective buyer or resident should note that home values in 01247 have risen sharply in recent years, exceeding county and state trends, and that the area leans toward owner‑occupied, higher‑value properties. Understanding this price dynamic is essential when evaluating affordability and investment considerations in this specific ZIP code.

Based on FHFA House Price Index data.