Northampton, Massachusetts Housing Market Prices
Northampton 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 14% below the Massachusetts median$427,564
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Median rent 18% below the Massachusetts median$1,438
Housing Market Overview
| Metric | Northampton | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $427,564 | $494,523 | $248,835 |
| Price Trend (Annual %) | 11.4% | 6.6% | 7.5% |
| Median Gross Rent | $1,438 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Northampton is about 14% lower than in Massachusetts. Rent is about 18% 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 Northampton, up about 11.4% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Northampton rose about 47.6% between 2015 and 2024, from $975 to $1,438. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Northampton.
Buying the median-priced home in Northampton costs roughly 24.8 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 Northampton. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Northampton | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $427,564 | $494,523 | $248,835 |
| Median Household Income | $81,289 | $104,336 | $80,455 |
| Price-to-Income Ratio | 5.3 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Northampton rose about 57.7%, while median household income rose about 56.0% 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 | Northampton | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.3% | 57.5% | 58.5% |
| Rental Rate | 40.6% | 34.4% | 31.2% |
| Vacancy Rate | 5.1% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Northampton has a homeownership rate of 54.3%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 5.1%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Northampton | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.03 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1957 | 1963 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Northampton was built around 1957. On average, 2.0 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Northampton, Massachusetts.
What is the median home price in Northampton, Massachusetts?
The median home price in Northampton, Massachusetts is $427,564, lower than the Massachusetts average of $494,523.
What is the average home price in Northampton, Massachusetts?
The typical home price in Northampton, Massachusetts, reported as the median sale price, is $427,564. 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 Northampton, Massachusetts?
The median gross rent in Northampton, Massachusetts is $1,438 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Northampton in 2020?
In 2020, the median gross rent in Northampton, Massachusetts was $1,188 per month.
What is the price-to-rent ratio in Northampton, Massachusetts?
The price-to-rent ratio in Northampton, Massachusetts is about 24.8, meaning it would take roughly 24.8 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 Northampton.
Are home prices or rent rising faster in Northampton, Massachusetts?
Both home prices and rent are rising in Northampton, up about 11.4% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Northampton, Massachusetts?
54.3% of households in Northampton, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Northampton, Massachusetts?
The housing vacancy rate in Northampton, Massachusetts is 5.1%, lower than the Massachusetts average of 8.1%.
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