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These days, finding an affordable place to live in the Amherst area can be challenging. Home prices in Amherst are now at a median cost of $508,575, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,741/mo in Amherst, primarily driven by the current value of real estate in the Amherst area. In Amherst, 53.37% of households rent, and 44.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Amherst is $8,160 per month. Households that rent pay about 21.34% of their income on rent here. Amherst’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Amherst Center, MA: less expensive homes
- West Pelham, MA: less expensive homes
- Hadley, MA: equally priced homes
- South Amherst, MA: equally priced homes
- Factory Hollow, MA: equally priced homes
- Pelham, MA: less expensive homes
- Hatfield, MA: less expensive homes
- Sunderland, MA: equally priced homes
- Leverett, MA: less expensive homes
- West Hatfield, MA: less expensive homes
Cities with Similar Populations
- Key Biscayne, FL: higher priced homes
- Hampstead, MD: less expensive homes
- Croton On Hudson, NY: higher priced homes
- Sanger, TX: less expensive homes
- McFarland, CA: less expensive homes
- San Elizario, TX: less expensive homes
- Mendota, CA: less expensive homes
- Stella Rincon, PR: less expensive homes
- Bogart, GA: less expensive homes
- Hidalgo, TX: less expensive homes
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