Agawam Town, Massachusetts Housing Market Prices
Agawam Town Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 34% below the Massachusetts median$325,926
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Median rent 29% below the Massachusetts median$1,256
Housing Market Overview
| Metric | Agawam Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,926 | $494,523 | $248,835 |
| Price Trend (Annual %) | 9.7% | 6.6% | 7.5% |
| Median Gross Rent | $1,256 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Agawam Town is about 34% lower than in Massachusetts. Rent is about 29% lower than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Agawam Town, up about 9.7% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Agawam Town rose about 39.5% between 2015 and 2024, from $900 to $1,256. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Agawam Town.
Buying the median-priced home in Agawam Town costs roughly 21.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Agawam Town. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Agawam Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,926 | $494,523 | $248,835 |
| Median Household Income | $85,131 | $104,336 | $80,455 |
| Price-to-Income Ratio | 3.8 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Agawam Town rose about 137.1%, while median household income rose about 30.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Agawam Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.9% | 57.5% | 58.5% |
| Rental Rate | 24.7% | 34.4% | 31.2% |
| Vacancy Rate | 3.3% | 8.1% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Agawam Town has a homeownership rate of 71.9%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 3.3%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Agawam Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1967 | 1963 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Agawam Town was built around 1967. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Agawam Town, Massachusetts.
What is the median home price in Agawam Town, Massachusetts?
The median home price in Agawam Town, Massachusetts is $325,926, lower than the Massachusetts average of $494,523.
What is the average home price in Agawam Town, Massachusetts?
The typical home price in Agawam Town, Massachusetts, reported as the median sale price, is $325,926. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Agawam Town, Massachusetts?
The median gross rent in Agawam Town, Massachusetts is $1,256 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Agawam Town in 2020?
In 2020, the median gross rent in Agawam Town, Massachusetts was $1,125 per month.
What is the price-to-rent ratio in Agawam Town, Massachusetts?
The price-to-rent ratio in Agawam Town, Massachusetts is about 21.6, meaning it would take roughly 21.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Agawam Town.
Are home prices or rent rising faster in Agawam Town, Massachusetts?
Both home prices and rent are rising in Agawam Town, up about 9.7% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Agawam Town, Massachusetts?
71.9% of households in Agawam Town, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Agawam Town, Massachusetts?
The housing vacancy rate in Agawam Town, Massachusetts is 3.3%, lower than the Massachusetts average of 8.1%.
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