What is the median home value in Hampden County, MA?

The median home value in Hampden County, MA is $276,300, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Hampden County, MA?

The cap rate proxy in Hampden County, MA is 4.8% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in Hampden County, MA?

Hampden County has 462,853 residents and issued 337 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Springfield, MA · Massachusetts

Hampden County

462,853 residents337 permits TTM$70,535 median HHI39 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$276,300

ACS 5-Year

Cap rate proxy

4.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.8%

HUD FMR ÷ ACS HHI

Net migration

+1.09%

IRS SOI

Permits (TTM)

337

Census BPS

Climate risk

92.8

FEMA NRI (0–100)

ZIP code breakdown39 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
01022	—	—	—	5.7%	36.3%
01105	—	—	—	5.3%	36.3%
01009	—	—	—	4.8%	36.3%
01079	—	—	—	4.8%	36.3%
01097	—	—	—	4.8%	36.3%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	14.5%	5.7%
—	—	—	7.9%	-2.4%
—	—	—	7.3%	-12.7%
—	—	—	7.0%	0.6%
—	—	—	6.6%	2.0%
—	—	—	6.5%	-3.8%
—	—	—	6.2%	3.9%
—	—	—	6.1%	-12.1%
—	—	—	5.1%	13.8%
—	—	—	4.8%	36.3%
—	—	—	4.7%	36.3%
—	—	—	4.7%	36.3%
—	—	—	4.5%	36.3%
—	—	—	4.3%	36.3%
—	—	—	4.3%	36.3%
—	—	—	4.3%	36.3%
—	—	—	4.2%	36.3%
—	—	—	4.2%	36.3%
—	—	—	4.0%	36.3%
—	—	—	4.0%	36.3%
—	—	—	3.9%	36.3%
—	—	—	3.9%	36.3%
—	—	—	3.6%	36.3%
—	—	—	3.6%	36.3%
—	—	—	3.6%	36.3%
—	—	—	3.3%	36.3%
—	—	—	3.3%	36.3%
—	—	—	3.3%	36.3%
—	—	—	3.2%	36.3%
—	—	—	3.2%	36.3%
—	—	—	3.1%	36.3%
—	—	—	3.0%	36.3%
—	—	—	2.8%	36.3%
—	—	—	2.5%	36.3%

Demographics

Owner-occupied

62.2%

Census ACS

Vacancy rate

6.6%

Census ACS

Bachelor's degree +

28.9%

Census ACS

Rent burdened

49.9%

Census ACS (>30% income)

Median age

39.8

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Hampden County

See all 39 ZIPs ranked by yield and cap rate