The story of this market
The typical home in ZIP 01002 sells for about $600,000, or $301 per square foot.
Prices are up +12% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,664 a month.
ZIP 01002 — Amherst
The 01002 housing market remains highly competitive, characterized by low inventory and strong demand driven by the university presence. Prices have seen double-digit year-over-year growth, reflecting a tight supply-demand imbalance. While the market is active, the high cost of entry and rental pressure continue to define the local landscape.
This ZIP is ideal for university-affiliated professionals, families seeking high-quality schools, and investors looking for stable rental demand in a college-town environment.
Median prices moved up 12.0% year over year.
Homes spend a median of 34 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 22.6% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01002, Hampshire County MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Amherst are generally low compared to national averages, with the area benefiting from a strong university presence and community-focused policing.
The area is served by the Amherst-Pelham Regional School District, which is highly regarded for its academic performance and diverse educational programs.
The region faces moderate risks from severe winter weather and occasional flooding in low-lying areas near the Connecticut River valley.
Economic momentum is driven by the Five College Consortium, which anchors the local economy and supports a steady demand for housing and services.
Property taxes are assessed at the municipal level by the Town of Amherst, with rates determined by annual budget requirements and local property valuations.
Commuting is primarily via local roads connecting to I-91, with limited public transit options relying on regional bus services.
The area features extensive access to the Mount Holyoke Range State Park, numerous local conservation trails, and the vibrant cultural and dining scene of Amherst Center.
The rental market is highly competitive due to the large student population, resulting in low vacancy rates and consistent upward pressure on rents.
The economy is heavily reliant on the higher education sector, with the University of Massachusetts Amherst and local colleges serving as the primary employers.
Development is focused on increasing housing density in the town center to accommodate student and faculty demand.
Parcels are subject to Amherst-Pelham Regional School District taxes and local municipal levies.
Property insurance premiums are stable but reflect regional risks associated with winter storm damage.
Data retrieved from data.census.gov ZCTA 01002 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Round1 Bowling & Arcade - Holyoke4.114 mi
- Funcity Trampoline and Adventure Park4.114.6 mi
- Central Rock Gym - Hadley4.74.5 mi
- Pioneer Valley Indoor Karting4.67.3 mi
- FunHub Action Park4.42.8 mi
- The Big E4.518.2 mi
- Mullins Center4.63.9 mi
- Eastern States Exposition4.518.2 mi
- Golden Corral Buffet & Grill4.113.7 mi
- Magic Wings Butterfly Conservatory4.813 mi
- Magic Wings Butterfly Conservatory4.813 mi
- Cinemark at Hampshire Mall and XD4.42.8 mi
- The Eric Carle Museum of Picture Book Art4.62.3 mi
- Academy of Music4.77.2 mi
- Thornes Marketplace4.57 mi
- Amherst College4.32.3 mi
- Naismith Basketball Hall of Fame4.517.6 mi
- Springfield Armory National Historic Site4.816.7 mi
- Springfield Museums4.716.9 mi
- The Amazing World of Dr. Seuss Museum4.716.9 mi
- Look Memorial Park4.79.8 mi
- The Botanic Garden of Smith College4.87.5 mi
- Skinner State Park4.85.4 mi
- Nonotuck Park4.610.4 mi
- Mount Tom State Reservation4.88.2 mi
- Oxbow Marina4.47.6 mi
- Brunelle's Marina4.47.5 mi
- Ledges Golf Club4.28.8 mi
- Cold Spring Country Club4.38 mi
- Wyckoff Country Club410.8 mi
- Drunken Rabbit Brewing4.69.1 mi
- Northampton Country Club4.610.4 mi
- Atkins Farms Country Market4.72.2 mi
- Big Y4.32.7 mi
- Hampshire Mall42.8 mi
- Big Y4.47.4 mi
- Thornes Marketplace4.57 mi
- Bradley International Airport4.429.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Prestigious liberal arts college and major local anchor.
Extensive hiking trails and scenic vistas.
Historic site and cultural landmark.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.