Hampden County, Massachusetts Housing Market
In Hampden County, Massachusetts, the median home value is $298,800, with a median monthly rent of $1,136. This places Hampden County at #633 nationally out of 3134 counties by median home value, and #14 within Massachusetts.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,215
- Establishments: 18,762
- BLS QCEW, 2025
Housing Supply
- Single-family: 286
- Multi-family: 32
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 194,771 (avg $75,473)
- Outflow: 191,546 (avg $76,034)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Hampden County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 01034 | 295.1 | +11.10% | 2025 |
| 2 | 01521 | 288.7 | -7.19% | 2025 |
| 3 | 01151 | 371.2 | +0.46% | 2025 |
| 4 | 01107 | 332.1 | +5.23% | 2025 |
| 5 | 01077 | 270.7 | +5.83% | 2025 |
| 6 | 01013 | 300.0 | +11.20% | 2025 |
| 7 | 01104 | 344.2 | +11.64% | 2025 |
| 8 | 01001 | 258.4 | -3.44% | 2025 |
| 9 | 01082 | 283.9 | +6.74% | 2025 |
| 10 | 01069 | 264.3 | +7.73% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
How Hampden County Compares
| Metric | Hampden County | Massachusetts Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $298,800 | $634,257 | $227,706 |
| Median Gross Rent | $1,136 | $1,615 | $968 |
| Owner Occupancy Rate | 62.2% | 67.2% | 73.3% |
| Price/Rent Ratio | 21.9 | 32.3 | 18.7 |
Market Analysis
The median home value in Hampden County is 52.9% below the Massachusetts state average and 31.2% above the U.S. national average. The median rent of $1,136/month is 29.7% below the state average.
With a price-to-rent ratio of 21.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hampden County has an owner-occupancy rate of 62.2%, compared to 67.2% in Massachusetts and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Fairfield County | Ohio | $298,800 | $1,172 |
| Clarke County | Georgia | $298,900 | $1,219 |
| Pender County | North Carolina | $299,000 | $1,106 |
| Greenville County | South Carolina | $299,000 | $1,262 |
| Sevier County | Tennessee | $299,000 | $1,072 |
Other Counties in Massachusetts
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Berkshire County | $305,400 | $1,097 | 69.9% |
| Franklin County | $329,000 | $1,177 | 70.1% |
| Hampshire County | $390,300 | $1,388 | 67.8% |
| Worcester County | $423,700 | $1,426 | 65.8% |
| Bristol County | $451,200 | $1,245 | 62.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).