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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.



South Hadley, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

South Hadley, MA Housing Market Trends

With 18,046 people, 7,316 houses or apartments, and a median cost of homes of $387,996, South Hadley real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, South Hadley homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in South Hadley, accounting for 65.34% of the town's housing units. Other types of housing that are prevalent in South Hadley include duplexes, homes converted to apartments or other small apartment buildings ( 15.27%), large apartment complexes or high rise apartments ( 9.71%), and a few row houses and other attached homes ( 9.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Hadley. Owner-occupied housing accounts for 67.02% of South Hadley's homes, and 52.61% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South Hadley's housing was primarily built during this period, from the '40s through the '60s. A full 42.61% of the town's housing hails from this era. Other housing ages represented in South Hadley include homes built between 1970-1999 ( 31.54%) and housing constructed before 1939 ( 16.22%). There's also some housing in South Hadley built between 2000 and later ( 9.62%).

South Hadley Home Appreciation Rates

South Hadley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Hadley during the period has been just 5.19%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, South Hadley's appreciation rate, at 6.30%, has been at or slightly above the national average. In the latest quarter, South Hadley's appreciation rate has been 3.19%, which annualizes to a rate of 13.40%.

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

Relative to Massachusetts, our data show that South Hadley's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$387,996

South Hadley, MA Home Prices
> $1,306,000
$979,001 - $1,306,000
$653,001 - $979,000
$522,001 - $653,000
$392,001 - $522,000
$261,001 - $392,000
$130,001 - $261,000
$65,001 - $130,000
$0 - $65,000
0.7%
0.7%
0.9%
0.9%
8.9%
8.9%
13.4%
13.4%
28.0%
28.0%
37.6%
37.6%
8.8%
8.8%
1.0%
1.0%
0.7%
0.7%
0% 100.0%
% of Homes
Very Low

for Massachusetts

High

for nation

Number of Homes And Apartments:

7,316

South Hadley Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,926 / per month

Homeownership Rate

Owners
Renters
67.0%
67.0%
33.0%
33.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.6%
9.6%
31.5%
31.5%
42.6%
42.6%
16.2%
16.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.3%
65.3%
9.7%
9.7%
15.3%
15.3%
9.7%
9.7%
0.0%
0.0%
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
1.1%
1.1%
8.8%
8.8%
32.4%
32.4%
37.3%
37.3%
15.3%
15.3%
5.1%
5.1%
0% 100.0%
% of Homes