The story of this market
The typical home in ZIP 01003 sells for about $320,000, or $216 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,643 a month.
ZIP 01003 — Amherst
The housing market in 01003 is unique due to its status as a university-centric enclave with a very young population and high renter concentration. Market metrics for this specific ZIP are limited, so broader Springfield metro data is used for pricing trends, which show moderate growth and a competitive environment.
This area is primarily suited for university students, faculty, and staff due to its location within the UMass Amherst campus; it is not a typical market for family buyers or traditional investors.
Median prices moved up 3.2% year over year.
Homes spend a median of 23 days on market with 2.1 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 18.2% · poverty 21.1% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01003, 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.
The area is dominated by the University of Massachusetts Amherst, with local public schools serving a very small permanent resident population compared to the transient student body.
The economy is heavily anchored by the University of Massachusetts Amherst, which serves as the primary employer and driver of development in the immediate vicinity.
Property taxes are assessed at the municipal level in Amherst; specific effective rates for this ZCTA are not independently published.
The area is highly walkable within the university campus, with regional transit connections provided by the PVTA serving the broader Pioneer Valley.
The ZIP is centered on the UMass Amherst campus, featuring extensive university athletic facilities, nearby conservation areas, and proximity to downtown Amherst's dining and retail.
The rental market is extremely tight and heavily influenced by the university student population, resulting in high demand and limited vacancy.
The economy is almost entirely driven by the University of Massachusetts Amherst, which provides the vast majority of employment and economic activity in the area.
The area is served by the Pioneer Valley Transit Authority (PVTA), providing bus connections throughout Amherst and to neighboring towns like Northampton.
Development is largely focused on university infrastructure and student-oriented housing projects.
Parcels are subject to Amherst municipal taxes and the Hampshire County regional service structure.
Data retrieved from The Zip Code App and ACS 2023 estimates.
- Round1 Bowling & Arcade - Holyoke4.116.9 mi
- Funcity Trampoline and Adventure Park4.118 mi
- Central Rock Gym - Hadley4.74.9 mi
- Pioneer Valley Indoor Karting4.66.1 mi
- FunHub Action Park4.43 mi
- Mullins Center4.60.7 mi
- Golden Corral Buffet & Grill4.117.5 mi
- Magic Wings Butterfly Conservatory4.89 mi
- Round1 Bowling & Arcade - Holyoke4.116.9 mi
- Palmer Motorsports Park4.818 mi
- Magic Wings Butterfly Conservatory4.89 mi
- The Montague Bookmill4.89.9 mi
- Cinemark at Hampshire Mall and XD4.43.1 mi
- The Eric Carle Museum of Picture Book Art4.65.2 mi
- Academy of Music4.77.9 mi
- Amherst College4.31.7 mi
- The Eric Carle Museum of Picture Book Art4.65.2 mi
- Emily Dickinson Museum4.81.4 mi
- Children's Museum at Holyoke4.713.8 mi
- Smith College Museum of Art4.77.9 mi
- Look Memorial Park4.79.2 mi
- The Botanic Garden of Smith College4.88 mi
- Skinner State Park4.87.4 mi
- Mount Tom State Reservation4.810.3 mi
- Mount Sugarloaf State Reservation4.86.6 mi
- Oxbow Marina4.49.1 mi
- Brunelle's Marina4.410 mi
- Ledges Golf Club4.211.5 mi
- Cold Spring Country Club4.312 mi
- Drunken Rabbit Brewing4.612.5 mi
- Northampton Country Club4.69.7 mi
- Atkins Farms Country Market4.75.3 mi
- Big Y4.32 mi
- Hampshire Mall43 mi
- Big Y4.47.2 mi
- Thornes Marketplace4.57.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The primary anchor institution and central feature of the ZIP code.
Major cultural venue located on the UMass campus.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.