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These days, finding an affordable place to live in the Holyoke area can be challenging. Home prices in Holyoke are now at a median cost of $265,033, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,160/mo in Holyoke, primarily driven by the current value of real estate in the Holyoke area. In Holyoke, 58.70% of households rent, and 36.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Holyoke is $5,322 per month. Households that rent pay about 21.79% of their income on rent here. Holyoke’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chicopee, MA: equally priced homes
- South Hadley, MA: higher priced homes
- Easthampton, MA: higher priced homes
- Southampton, MA: higher priced homes
- West Springfield Town, MA: higher priced homes
- Granby, MA: higher priced homes
- Indian Orchard, MA: equally priced homes
- Springfield, MA: higher priced homes
- Ludlow Center, MA: higher priced homes
- Westfield, MA: higher priced homes
Cities with Similar Populations
- Carlsbad, NM: less expensive homes
- Danville, IL: less expensive homes
- Cullman, AL: less expensive homes
- Crossville, TN: less expensive homes
- Cottage Grove, MN: higher priced homes
- Copperas Cove, TX: less expensive homes
- College Park, MD: higher priced homes
- Clementon, NJ: less expensive homes
- Channelview, TX: less expensive homes
- Carpentersville, IL: equally priced homes
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