The story of this market
The typical home in ZIP 01062 sells for about $519,000, or $384 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 $1,161 a month.
ZIP 01062 — Northampton
The 01062 housing market remains competitive with low inventory and steady price appreciation, reflecting the broader stability of the Northampton area. Demand is supported by the area's high quality of life and proximity to major academic and healthcare employers, though limited supply continues to exert upward pressure on prices.
This ZIP is ideal for families and professionals seeking a quiet, village-like atmosphere with easy access to the cultural and academic amenities of Northampton and the Pioneer Valley.
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.
15% 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 4.6% · poverty 11.5% — a stable, low-distress 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 6.9%/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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01062, 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.
Florence (01062) is generally considered a safe, quiet residential village within Northampton, with crime rates significantly lower than the regional urban averages found in nearby Springfield.
Schools serving the area are part of the Northampton Public Schools district, which is generally well-regarded for its academic performance and community-focused programming.
The area is subject to standard New England climate risks, including winter storm impacts and potential localized flooding near the Mill River; insurance coverage for these perils is standard for the region.
Economic momentum is driven by the proximity to the Five Colleges area and the regional hub of Northampton, with steady demand for residential housing and limited new large-scale commercial development.
Property taxes are assessed by the City of Northampton based on a uniform tax rate applied to the fair market value of real estate, with exemptions available for seniors and veterans as per Massachusetts state law.
Residents primarily commute by car toward Northampton or Springfield via Route 9 and I-91, with limited public transit options available through the PVTA bus network.
The area features extensive access to the Mill River, the Norwottuck Rail Trail for cycling, and proximity to Look Park, a major regional recreational destination.
The rental market is tight due to the proximity of Smith College and the broader Northampton housing demand, leading to low vacancy rates and consistent rent growth.
The economy is anchored by the education and healthcare sectors, with major employers including Smith College and the Cooley Dickinson Hospital system in nearby Northampton.
The area is served by I-91 and Route 9, providing primary access to the broader Pioneer Valley; public transit is provided by the Pioneer Valley Transit Authority (PVTA).
Development is largely focused on infill residential projects and the preservation of historic village character within the Northampton planning framework.
Parcels are subject to the Northampton municipal tax structure and the Hampshire County regional services.
Property insurance markets are stable, though premiums reflect standard New England risks for wind and winter-related damage.
Data retrieved from Census Reporter and ACS 2024 profiles.
- Round1 Bowling & Arcade - Holyoke4.111.2 mi
- Funcity Trampoline and Adventure Park4.114.2 mi
- Central Rock Gym - Hadley4.75.9 mi
- Pioneer Valley Indoor Karting4.64.4 mi
- FunHub Action Park4.48 mi
- The Big E4.516.5 mi
- Mullins Center4.69.5 mi
- Eastern States Exposition4.516.5 mi
- Golden Corral Buffet & Grill4.116.2 mi
- Magic Wings Butterfly Conservatory4.813.7 mi
- Cinemark at Hampshire Mall and XD4.48 mi
- The Eric Carle Museum of Picture Book Art4.68.4 mi
- Round1 Bowling & Arcade - Holyoke4.111.2 mi
- Academy of Music4.73.3 mi
- Thornes Marketplace4.53.4 mi
- Amherst College4.39.8 mi
- Naismith Basketball Hall of Fame4.516.9 mi
- Springfield Armory National Historic Site4.816.1 mi
- Springfield Museums4.716.2 mi
- The Amazing World of Dr. Seuss Museum4.716.2 mi
- Look Memorial Park4.71.6 mi
- Ashley Reservoir4.910.5 mi
- The Botanic Garden of Smith College4.83 mi
- Skinner State Park4.85.9 mi
- DAR State Forest4.710.5 mi
- Oxbow Marina4.44.1 mi
- Brunelle's Marina4.46.6 mi
- Ledges Golf Club4.27.4 mi
- Wyckoff Country Club47.4 mi
- Drunken Rabbit Brewing4.610.4 mi
- Southampton Country Club4.38 mi
- Northampton Country Club4.61.6 mi
- Holyoke Mall4.311.2 mi
- Atkins Farms Country Market4.78.6 mi
- Big Y4.38.9 mi
- Hampshire Mall48 mi
- Big Y4.43.1 mi
- Bradley International Airport4.426.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large, historic 150-acre park offering trails, gardens, and recreational facilities.
Provides scenic views and access to local walking paths.
A historic village center with local cafes, shops, and community services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.