Amherst Town, Massachusetts Housing Market Prices
Amherst 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 9% below the Massachusetts median$450,000
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Median rent 5% below the Massachusetts median$1,670
Housing Market Overview
| Metric | Amherst Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $494,523 | $248,835 |
| Price Trend (Annual %) | 34.5% | 6.6% | 7.5% |
| Median Gross Rent | $1,670 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Amherst Town is about 9% lower than in Massachusetts. Rent is about 5% 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 Amherst Town, up about 34.5% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Amherst Town rose about 48.1% between 2015 and 2024, from $1,128 to $1,670. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 6.5 yearly household incomes in Amherst Town.
Buying the median-priced home in Amherst Town costs roughly 22.4 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 Amherst Town. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Amherst Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $494,523 | $248,835 |
| Median Household Income | $68,751 | $104,336 | $80,455 |
| Price-to-Income Ratio | 6.5 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Amherst Town rose about 89.9%, while median household income rose about 50.8% 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 | Amherst Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.2% | 57.5% | 58.5% |
| Rental Rate | 49.5% | 34.4% | 31.2% |
| Vacancy Rate | 11.2% | 8.1% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Amherst Town has a homeownership rate of 39.2%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 11.2%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Amherst Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1971 | 1963 | 1978 |
| Median Number of Rooms | 5.1 | 5.5 | 5.5 |
The typical housing unit in Amherst Town was built around 1971. On average, 2.2 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Amherst Town, MA Housing Compared With Nearby Cities
How Amherst Town, MA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Amherst Town, MA | 38,191 | $450,000 #1/2 | $1,670 #1/2 | 44.2% #2/2 |
| Northampton, MA | 30,986 | $427,564 | $1,438 | 57.3% |
Frequently Asked Questions
Common questions about the housing market in Amherst Town, Massachusetts.
What is the median home price in Amherst Town, Massachusetts?
The median home price in Amherst Town, Massachusetts is $450,000, lower than the Massachusetts average of $494,523.
What is the average home price in Amherst Town, Massachusetts?
The typical home price in Amherst Town, Massachusetts, reported as the median sale price, is $450,000. 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 Amherst Town, Massachusetts?
The median gross rent in Amherst Town, Massachusetts is $1,670 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Amherst Town in 2020?
In 2020, the median gross rent in Amherst Town, Massachusetts was $1,275 per month.
What is the price-to-rent ratio in Amherst Town, Massachusetts?
The price-to-rent ratio in Amherst Town, Massachusetts is about 22.4, meaning it would take roughly 22.4 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 Amherst Town.
Are home prices or rent rising faster in Amherst Town, Massachusetts?
Both home prices and rent are rising in Amherst Town, up about 34.5% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Amherst Town, Massachusetts?
39.2% of households in Amherst Town, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Amherst Town, Massachusetts?
The housing vacancy rate in Amherst Town, Massachusetts is 11.2%, higher than the Massachusetts average of 8.1%.
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