ZIP Code 01035 Housing Market

📝 Local Market Notes

The housing market in ZIP code 01035 demonstrates a distinct pattern of accelerated appreciation followed by recent stabilization. Over the last five years, the Home Price Index (HPI) has risen from 234.98 in 2021 to 306.38 in 2025, representing a cumulative gain of approximately 30.4%. This trajectory highlights a period of intense market activity, particularly between 2022 and 2023, when the index surged by over 20 percent. However, the most recent year-over-year growth has moderated to 2.81 percent, indicating a cooling effect after the previous rapid expansion. This recent deceleration suggests the local market is adjusting to broader economic conditions rather than continuing its previous exponential growth curve. When compared to broader regional metrics, ZIP 01035 exhibits notable divergence from both Hampshire County and the state of Massachusetts. While the county recorded a year-over-year increase of 6.04 percent and the state saw 3.63 percent growth, the 2.81 percent rise in ZIP 01035 falls below both averages. This underperformance relative to the immediate county suggests that specific local factors, such as inventory levels or buyer demand shifts, are currently tempering price increases. In contrast, nearby ZIP 01073 is experiencing a significant 19.41 percent surge, highlighting the fragmented nature of the local real estate landscape where adjacent areas can move in opposite directions. The sub-market character of ZIP 01035 aligns with the broader Hampshire County profile, which features a median home value of $390,300 and a median household income of $87,001. With an owner-occupancy rate of 67.8 percent, the area maintains a balanced mix of ownership and rental units, with median gross rent at $1,388 per month. For prospective buyers, the current environment presents a more stable entry point compared to the volatile prior years. The divergence from county-wide growth rates suggests that pricing in ZIP 01035 may be decoupling from regional trends, offering a distinct value proposition for those seeking stability in a historically appreciating area.

Based on FHFA House Price Index data.