Holyoke MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 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

Holyoke Housing Market Information

With a population of 40,358, 15,275 total housing units (homes and apartments), and a median house value of $223,593, 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%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which 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

Holyoke's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Holyoke during the period has been just 1.76%, which is lower than 70% of US communities.

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 2.78%, 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 1.56%, which equates to an annual appreciation rate of 6.40%.

Importantly, this makes Holyoke one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Massachusetts, our data show that Holyoke's latest annual appreciation rate is lower than 90% 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

 

Median Home Value:
$223,593

Holyoke, MA HOME PRICES

Value Range
> $1,171,000 0.7
$879,001 - $1,171,000 0.7
$586,001 - $879,000 2.1
$468,001 - $586,000 1.1
$351,001 - $468,000 5.2
$235,001 - $351,000 22.8
$117,001 - $235,000 55.9
$59,001 - $117,000 8.5
$0 - $59,000 3.1

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
34.5751824817518 96.1538461538462

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 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
80.68% 2.93%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,292 / per month

Homeownership Rate

Homeownership
Owners 39.50
Renters 60.50
Vacant 9.37

Housing Market Details

 

Age of Homes

AGE OF Holyoke HOMES
2000 or Newer 4.6
1970 - 1999 19.1
1940 - 1969 29.8
1939 or Older 46.6

Types of Homes

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

Home Size

SIZE OF Holyoke HOMES
No Bedroom 3.21
1 Bedroom 16.57
2 Bedrooms 32.15
3 Bedrooms 36.80
4 Bedrooms 8.69
5 or more bedrooms 2.57