Chicopee, Massachusetts.
Typical home $319,956 (+3.5% in a year), asking rent $1,665 (+6.4%). Springfield, MA metro.
to buy the typical home at today's mortgage rate — +$948 (+129%) since Jan 2020.
- 1 year
- Up $10,787 +3%
- $309,169$319,956 since Sep 2025
- 5 years
- Up $72,169 +29%
- $247,788$319,956 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Chicopee$1,679
- Massachusetts$3,439
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Chicopee, MA rose 3.5% over the past year — faster than the nation's +1.2%.
Asking rents in Chicopee, MA rose 6.4% over the past year — faster than the nation's +2.7%.
Owning the typical home in Chicopee runs $754/mo more than renting one. The gap peaked at $804 in Jul 2025.
That is $2,419 a month against $1,665 rent: a $1,679 mortgage payment, plus $398 property tax and $343 insurance & upkeep.
Owning vs renting — Chicopee
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,419
- Renting$1,665
- Mortgage only$1,679
Property tax · $398/mo 1.49% of value a year — the ACS 2020-2024 median bill over the median home value for Hampden County, MA
Insurance & upkeep · $343/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Chicopee, Hampden County, Massachusetts
Chicopee is a city of 55,560 people in Hampden County. Half its households earn more than $62,615 a year and half less, against $71,306 across Hampden County; 17% of its people live below the poverty line. 56% of its homes are lived in by their owners and 44% are rented. Unemployment in Chicopee was 5.8% in August 2026, and Hampden County had 0.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Chicopee is a city on the Chicopee River in western Massachusetts, in Hampden County. Residents are a little older than the typical American, and incomes run below the county's, with more households living under the poverty line than one might expect. Most homes are lived in by their owners, though renters still make up a large part of the city, and a typical home costs more than a typical month's rent by a wide margin, as it does in most places. Winters are cold, with January the coldest month, summers are warm, and the year brings a fair amount of rain and melted snow.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops and professional and business services close behind. Chicopee Schools, Walmart and Callaway Golf Ball Operation are among the largest workplaces in the city. Unemployment is no lower than it was a year ago, and Hampden County has lost a few jobs over the past year. Most people have a fairly short commute, and only a small share work from home.
Things to do. Several places lie in or beside town, including the Holyoke Merry-Go-Round, a tourist attraction, and Holyoke Heritage State Park, a protected area. A short drive away, Springfield Armory is a protected area with a long place in the region's history, and Six Flags New England is an amusement park. The Chicopee River is also a short drive away for anyone who likes to be near the water.
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- 24,424households
- 23%of adults have a degree
- 17%below the poverty line
- 21 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Hampden County had 201,216 jobs in 2025, 0.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 35° and lows near 16°; warmest in July, with highs near 85° and lows near 61°. About 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Westfield Barnes Municipal Airport weather station, 8 miles away (NOAA).
Largest workplaces in Chicopee
- Chicopee SchoolsSchool district1,253FTE
- WalmartWarehouse clubs and supercenters534
- Callaway Golf Ball OperationGolfing equipment manufacturing439
- ChicopeeTiming gears and chains, automotive and truck gasoline engine, manufacturing335
- College of Our Lady of the ElmsUniversity or college312
- UFP TechnologiesPlastics film and unlaminated sheet manufacturing280
- KPR USElectrotherapeutic apparatus manufacturing233
- BJ's Wholesale Club, Inc.Warehouse club and supercenters183
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 49 workplaces with 20 or more staff, 5,120 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Chicopee’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Hampden County and the Springfield, MA metro.
Chicopee home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Chicopee$319,956
- Massachusetts$655,219
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Chicopee listings, and the typical home goes pending in 11 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Chicopee24.29%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Chicopee11
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Chicopee83
New listings per month
Sellers arriving at the market.
- Chicopee47
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Chicopee$303,294
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Chicopee103.29%
Zip codes with a Chicopee address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Chicopee — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Chicopee
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 01020 | Chicopee | 30,167 | $1,696 | $329,386 |
| 01013 | Chicopee | 23,284 | $1,678 | $317,977 |
| 01022 | Chicopee | 1,844 | — | $237,180 |