menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pittsfield, MA Real Estate Market

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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Pittsfield, MA Housing Market Trends

With 43,310 people, 19,290 houses or apartments, and a median cost of homes of $253,600, Pittsfield real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Pittsfield homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Pittsfield, accounting for 52.40% of the city's housing units. Other types of housing that are prevalent in Pittsfield include duplexes, homes converted to apartments or other small apartment buildings ( 25.43%), large apartment complexes or high rise apartments ( 17.38%), and a few row houses and other attached homes ( 3.71%).

The most prevalent building size and type in Pittsfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.22% owning and 38.78% renting.

The housing in Pittsfield was primarily built before 1939 ( 40.80%), making the housing stock in Pittsfield some of the oldest overall in America, although there is a range of ages of homes in Pittsfield. The next most important housing age is between 1940-1969 ( 34.26%), followed by between 1970-1999 ( 19.45%). There's also some housing in Pittsfield built between 2000 and later ( 5.50%).

Vacant housing appears to be an issue in Pittsfield. Fully 10.62% of the housing stock is classified as vacant. Left unchecked, vacant Pittsfield homes and apartments can be a drag on the real estate market, holding Pittsfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Pittsfield Home Appreciation Rates

Pittsfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pittsfield during the period has been just 5.23%, which is lower than 70% of US communities.

Over the last year, Pittsfield appreciation rates have trailed the rest of the nation. In the last twelve months, Pittsfield's appreciation rate has been 2.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pittsfield were at 1.04%, which equates to an annual appreciation rate of 4.23%.

Notably, Pittsfield's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Massachusetts, our data show that Pittsfield'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 Pittsfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pittsfield - 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 Pittsfield real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$253,600

Pittsfield, MA Home Prices
> $1,443,000
$1,083,001 - $1,443,000
$722,001 - $1,083,000
$577,001 - $722,000
$433,001 - $577,000
$289,001 - $433,000
$144,001 - $289,000
$72,001 - $144,000
$0 - $72,000
0.7%
0.7%
0.8%
0.8%
3.2%
3.2%
1.6%
1.6%
7.5%
7.5%
21.7%
21.7%
52.7%
52.7%
8.6%
8.6%
3.2%
3.2%
0% 100.0%
% of Homes
Very Low

for Massachusetts

Average

for nation

Number of Homes And Apartments:

19,290

Pittsfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,210 / per month

Homeownership Rate

Owners
Renters
Vacant
61.2%
61.2%
38.8%
38.8%
10.6%
10.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.5%
5.5%
19.4%
19.4%
34.3%
34.3%
40.8%
40.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.4%
52.4%
3.7%
3.7%
25.4%
25.4%
17.4%
17.4%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
15.3%
15.3%
26.7%
26.7%
41.3%
41.3%
12.3%
12.3%
2.3%
2.3%
0% 100.0%
% of Homes