The story of this market
The typical home in ZIP 01355 sells for about $415,000, or $189 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,202 a month.
ZIP 01355 — New Salem
The housing market in 01355 is characterized by low inventory and steady, modest price appreciation. Demand is driven by buyers seeking rural privacy, though the limited supply and rural location keep transaction volumes low compared to urban centers.
This ZIP is best suited for nature enthusiasts, remote workers, and families seeking a quiet, rural lifestyle away from urban density, as it lacks the immediate convenience of city-center amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 38 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 10.3% — 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 6.0%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01355, Franklin 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.
New Salem is a rural community with very low reported crime rates, significantly lower than the regional averages found in larger urban centers like Springfield.
Schools serving the area are part of the Ralph C. Mahar Regional School District, which generally maintains stable performance ratings consistent with rural Massachusetts standards.
The area is subject to standard New England weather risks, including heavy winter snow and occasional wind events; flood risk is localized to specific low-lying areas near the Quabbin Reservoir.
Economic momentum is limited due to the rural nature of the town, with growth primarily driven by local services and proximity to regional employment hubs in the Pioneer Valley.
Property taxes are determined by the Town of New Salem based on local mill rates applied to assessed property values, with no special MUD or PID districts typically found in this jurisdiction.
Commuting requires personal vehicle travel, with residents typically driving 30-45 minutes to reach major employment centers in Amherst, Greenfield, or the Springfield metro area.
The area is defined by its proximity to the Quabbin Reservoir, offering extensive hiking, fishing, and outdoor recreation opportunities, though commercial shopping is limited and requires travel to neighboring towns.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options and minimal short-term rental saturation.
The local economy is primarily agricultural and service-based, with many residents commuting to nearby academic and healthcare institutions in the Pioneer Valley.
Public transit is non-existent in this rural ZIP; residents are entirely dependent on private vehicles for all transportation needs.
There are no major commercial or residential developments currently approved or under construction within the ZIP code boundaries.
Parcels are served by the Ralph C. Mahar Regional School District and local municipal utility services.
Property insurance premiums are moderate, though proximity to forested areas may influence wildfire risk assessments for specific properties.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- Central Rock Gym - Hadley4.715.3 mi
- Pioneer Valley Indoor Karting4.617.2 mi
- FunHub Action Park4.413.1 mi
- 13th World Frightpark4.519.5 mi
- All In Adventures Escape Rooms4.813.1 mi
- Mullins Center4.611.8 mi
- Magic Wings Butterfly Conservatory4.816.3 mi
- Palmer Motorsports Park4.813.6 mi
- Academy of Music4.718.2 mi
- Franklin County Fairgrounds4.618.8 mi
- Emily Dickinson Museum4.811.2 mi
- Hardwick Winery4.77.5 mi
- Amherst Cinema4.711.4 mi
- Beneski Museum of Natural History4.811.2 mi
- Groff Park4.711.7 mi
- Amherst College4.311.3 mi
- The Eric Carle Museum of Picture Book Art4.613.6 mi
- Emily Dickinson Museum4.811.2 mi
- Smith College Museum of Art4.718.3 mi
- Steaming Tender Restaurant4.518.6 mi
- Groff Park4.711.7 mi
- Mill River Recreation Area4.611.2 mi
- Lake Wyola State Park4.58.7 mi
- Quabbin Reservoir4.810.1 mi
- Amethyst Brook Conservation Area4.79.7 mi
- Oxbow Marina4.418.9 mi
- Brunelle's Marina4.418.7 mi
- Quabbin Reservoir4.92.9 mi
- Hardwick Crossing Country Club4.510 mi
- Camp Coldbrook RV Resort3.112.1 mi
- Big Y4.312.3 mi
- T.J. Maxx4.312.5 mi
- Cushman Market & Cafe4.610.3 mi
- Big Y4.112.1 mi
- Marshalls4.412.2 mi
- Worcester Regional Airport4.624.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive protected water supply and recreation area offering extensive hiking and wildlife viewing.
The historic center of the town featuring community gathering spaces and local landmarks.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.