Pittsfield, Massachusetts Housing Market Prices
Pittsfield 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 20% below the Massachusetts median$395,369
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Median rent 36% below the Massachusetts median$1,134
Housing Market Overview
| Metric | Pittsfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $395,369 | $494,523 | $248,835 |
| Price Trend (Annual %) | 15.6% | 6.6% | 7.5% |
| Median Gross Rent | $1,134 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pittsfield is about 20% lower than in Massachusetts. Rent is about 36% 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 Pittsfield, up about 15.6% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Pittsfield rose about 44.6% between 2015 and 2024, from $784 to $1,134. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Pittsfield.
Buying the median-priced home in Pittsfield costs roughly 29.1 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 Pittsfield. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Pittsfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $395,369 | $494,523 | $248,835 |
| Median Household Income | $70,346 | $104,336 | $80,455 |
| Price-to-Income Ratio | 5.6 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pittsfield rose about 165.4%, while median household income rose about 50.7% 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 | Pittsfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 57.5% | 58.5% |
| Rental Rate | 34.4% | 34.4% | 31.2% |
| Vacancy Rate | 7.3% | 8.1% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Pittsfield has a homeownership rate of 58.2%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 7.3%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Pittsfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.17 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1951 | 1963 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Pittsfield was built around 1951. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pittsfield, Massachusetts.
What is the median home price in Pittsfield, Massachusetts?
The median home price in Pittsfield, Massachusetts is $395,369, lower than the Massachusetts average of $494,523.
What is the average home price in Pittsfield, Massachusetts?
The typical home price in Pittsfield, Massachusetts, reported as the median sale price, is $395,369. 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 Pittsfield, Massachusetts?
The median gross rent in Pittsfield, Massachusetts is $1,134 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Pittsfield in 2020?
In 2020, the median gross rent in Pittsfield, Massachusetts was $907 per month.
What is the price-to-rent ratio in Pittsfield, Massachusetts?
The price-to-rent ratio in Pittsfield, Massachusetts is about 29.1, meaning it would take roughly 29.1 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 Pittsfield.
Are home prices or rent rising faster in Pittsfield, Massachusetts?
Both home prices and rent are rising in Pittsfield, up about 15.6% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pittsfield, Massachusetts?
58.2% of households in Pittsfield, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Pittsfield, Massachusetts?
The housing vacancy rate in Pittsfield, Massachusetts is 7.3%, lower than the Massachusetts average of 8.1%.
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