The housing market in Chicopee, MA is slightly below the national average. The median value of a house in Chicopee is $272,100 whereas the national median value for a house is $338,100. The US housing appreciation rate over the past year was 8.27%, and in Chicopee it was 7.86%. This indicates that while overall home values are increasing nationally, they may be rising at a slower rate in Chicopee than in other areas of the country. For those looking to purchase or invest in a home, Chicopee provides an opportunity to potentially enter the market at lower prices than other parts of the country.
The median home cost in Chicopee is $272,100. Home appreciation the last 10 years has been 59.8%. Home Appreciation in Chicopee is up 11.2%.
Average Age of Homes
- The median age of Chicopee real estate is 63 years old
The Rental Market in Chicopee
- Renters make up 39.8% of the Chicopee population
- 0.5% of houses and apartments in Chicopee, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.