Westfield, Massachusetts Housing Market Prices
Westfield 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 15% below the Massachusetts median$418,000
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Median rent 37% below the Massachusetts median$1,116
Housing Market Overview
| Metric | Westfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $418,000 | $494,523 | $248,835 |
| Price Trend (Annual %) | 12.7% | 6.6% | 7.5% |
| Median Gross Rent | $1,116 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Westfield is about 15% lower than in Massachusetts. Rent is about 37% 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 Westfield, up about 12.7% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Westfield rose about 29.0% between 2015 and 2024, from $865 to $1,116. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Westfield.
Buying the median-priced home in Westfield costs roughly 31.2 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 Westfield. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Westfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $418,000 | $494,523 | $248,835 |
| Median Household Income | $87,495 | $104,336 | $80,455 |
| Price-to-Income Ratio | 4.8 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Westfield rose about 111.6%, while median household income rose about 57.2% 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 | Westfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.5% | 57.5% | 58.5% |
| Rental Rate | 29.5% | 34.4% | 31.2% |
| Vacancy Rate | 6.0% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Westfield has a homeownership rate of 64.5%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 6.0%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Westfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1963 | 1963 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Westfield was built around 1963. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Westfield, Massachusetts.
What is the median home price in Westfield, Massachusetts?
The median home price in Westfield, Massachusetts is $418,000, lower than the Massachusetts average of $494,523.
What is the average home price in Westfield, Massachusetts?
The typical home price in Westfield, Massachusetts, reported as the median sale price, is $418,000. 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 Westfield, Massachusetts?
The median gross rent in Westfield, Massachusetts is $1,116 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Westfield in 2020?
In 2020, the median gross rent in Westfield, Massachusetts was $964 per month.
What is the price-to-rent ratio in Westfield, Massachusetts?
The price-to-rent ratio in Westfield, Massachusetts is about 31.2, meaning it would take roughly 31.2 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 Westfield.
Are home prices or rent rising faster in Westfield, Massachusetts?
Both home prices and rent are rising in Westfield, up about 12.7% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Westfield, Massachusetts?
64.5% of households in Westfield, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Westfield, Massachusetts?
The housing vacancy rate in Westfield, Massachusetts is 6.0%, lower than the Massachusetts average of 8.1%.
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