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Affordable
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These days, finding an affordable place to live in the Chicopee area can be challenging. Home prices in Chicopee are now at a median cost of $272,969, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,244/mo in Chicopee, primarily driven by the current value of real estate in the Chicopee area. In Chicopee, 44.27% of households rent, and 36.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chicopee is $5,504 per month. Households that rent pay about 22.60% of their income on rent here. Chicopee’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Holyoke, MA: equally priced homes
- Indian Orchard, MA: less expensive homes
- Springfield, MA: equally priced homes
- West Springfield Town, MA: higher priced homes
- South Hadley, MA: higher priced homes
- Ludlow Center, MA: higher priced homes
- Ludlow, MA: higher priced homes
- Granby, MA: higher priced homes
- Agawam Town, MA: higher priced homes
- Easthampton, MA: higher priced homes
Cities with Similar Populations
- Aloha, OR: higher priced homes
- Yucaipa, CA: higher priced homes
- San Jacinto, CA: higher priced homes
- Punta Gorda, FL: higher priced homes
- Mount Prospect, IL: higher priced homes
- Miami Beach, FL: higher priced homes
- Jackson, NJ: higher priced homes
- Fairfield, CT: higher priced homes
- Diamond Bar, CA: higher priced homes
- Delano, CA: higher priced homes
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