Holyoke, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Holyoke Housing Market Information

With 40,117 people, 15,275 houses or apartments, and a median cost of homes of $227,043, Holyoke real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Holyoke homes are still considered rather expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Holyoke, accounting for 36.96% of the city's housing units. Other types of housing that are prevalent in Holyoke include single-family detached homes ( 33.33%), duplexes, homes converted to apartments or other small apartment buildings ( 25.52%), and a few row houses and other attached homes ( 4.18%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Holyoke primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Holyoke has a mixture of owner-occupied and renter-occupied housing.

The housing in Holyoke was primarily built before 1939 ( 46.61%), making the housing stock in Holyoke some of the oldest overall in America, although there is a range of ages of homes in Holyoke. The next most important housing age is between 1940-1969 ( 29.75%), followed by between 1970-1999 ( 19.07%). There's also some housing in Holyoke built between 2000 and later ( 4.57%).

Holyoke Home Appreciation Rates

Real estate appreciation rates in Holyoke's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.79% during the period.

Over the last year, Holyoke appreciation rates have trailed the rest of the nation. In the last twelve months, Holyoke's appreciation rate has been 3.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Holyoke were at 1.84%, which equates to an annual appreciation rate of 7.57%.

Relative to Massachusetts, our data show that Holyoke's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Holyoke differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Holyoke - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Holyoke real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$227,043

Holyoke, MA HOME PRICES

> $1,190,000
0.7%
0.7%
$892,001 - $1,190,000
0.7%
0.7%
$595,001 - $892,000
2.1%
2.1%
$476,001 - $595,000
1.1%
1.1%
$357,001 - $476,000
5.2%
5.2%
$238,001 - $357,000
22.8%
22.8%
$119,001 - $238,000
55.9%
55.9%
$60,001 - $119,000
8.5%
8.5%
$0 - $60,000
3.1%
3.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for MA

Value Relative To Nation

Number Of Homes And Apartments:
15,275

Holyoke Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
83.49% 2.97%
7
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,318 / per month

Homeownership Rate

Owners
39.5%
39.5%
Renters
60.5%
60.5%
Vacant
9.4%
9.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
19.1%
19.1%
1940 - 1969
29.8%
29.8%
1939 or Older
46.6%
46.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
33.3%
33.3%
Townhomes
4.2%
4.2%
Small Apt. Buildings
25.5%
25.5%
Apt. Complexes
37.0%
37.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.2%
3.2%
1 Bedroom
16.6%
16.6%
2 Bedrooms
32.2%
32.2%
3 Bedrooms
36.8%
36.8%
4 Bedrooms
8.7%
8.7%
5 or more bedrooms
2.6%
2.6%
0.0% 100.0%
% OF HOMES