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City · 55,295 residents · Hampden County, Massachusetts

Chicopee , Massachusetts

In Chicopee, a typical home is worth $274,500 and typical rent is $1,157 a month. Compared with all of Hampden County, typical household income is 12% lower, the typical home value is 8% lower, and the share of households that own their home is 6 points lower.

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  • Typical home value

    $274,500

    8% below the county

    51% below Massachusetts

    • Chicopee
    • Hampden
    • Massachusetts

  • Typical rent

    $1,157a month

    About the same as the county

    34% below Massachusetts

    • Chicopee
    • Hampden
    • Massachusetts

  • Typical household income

    $62,615a year

    12% below the county

    40% below Massachusetts

    • Chicopee
    • Hampden
    • Massachusetts

  • Households that own their home

    56%

    6 points below the county

    7 points below Massachusetts

    • Chicopee
    • Hampden
    • Massachusetts

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$319,956
3.5% more than 12 months ago
Typical rent
$1,665 a month
6.4% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Chicopee is in Hampden County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hampden County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Chicopee apart

What this place has that others do not, from public data, most unusual first.

  1. Chicopee has the 10th lowest typical home value of the 123 cities in Massachusetts with more than 5,000 people ($274,500).

  2. 56% of households in Chicopee own their home, against 62% in Hampden County.

  3. Chicopee has the 11th lowest typical household income of the 123 cities in Massachusetts with more than 5,000 people ($62,615).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Chicopee

What homes there are in Chicopee, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Homes in Chicopee are varied: detached houses are the largest group, at 47%, against 56% in Hampden County.

Year built

In Chicopee, half of the homes were built before 1958; in Hampden County, before 1959.

In Chicopee, 17% of homes have 1 bedroom or none (studios); 49% have 3 bedrooms or more, against 57% in Hampden County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Hampden County is high ($541,287): at least 96% of owner-occupied homes in Chicopee are worth less than $500,000.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Hampden County is $1,800; about 88% of rents in Chicopee are below it.

With a mortgage

$1,818 a month

Hampden County: $1,966 a month

Without a mortgage

$714 a month

Hampden County: $824 a month

Owners with a mortgage

62%

Hampden County: 64%

Owning costs less in Chicopee: with a mortgage, the typical cost is $1,818 a month; in Hampden County, $1,966. Without one, $714.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Chicopee rose 51% since 2015–2019, more than in Hampden County (44%).

Much as in Hampden County, the typical rent in Chicopee rose 25% since 2015–2019.

The typical household income in Chicopee rose 18%: less than home values (+51%) and rent (+25%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureChicopeeHampden CountyMassachusettsUnited States
Rental vacancy Unreliable estimate3.7%3.5%5.5%
Homeowner vacancy Unreliable estimate1.0%0.6%0.9%
More than one person per room Unreliable estimate1.8%2.3%3.4%
People per household 2.232.442.442.53
Drive alone 78%76%61%69%
Carpool 9%8%7%9%
Public transit 1%2%7%3%
Walk or bike Unreliable estimate3%5%3%
Work from home 8%11%19%15%
Other means Unreliable estimate2%2%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Chicopee are smaller: 2.23 people on average; in Hampden County, 2.44.

To get to work, 78% of workers in Chicopee drive alone; in Hampden County, 76%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Chicopee?

A typical home costs more than the typical income allows

We start with a typical home in Chicopee, worth $274,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 46% of the typical household income in Chicopee, which is $62,615 a year. For that payment to be 28% of income, a household would need to earn about $102,082 a year.

The calculator's FHA and conventional loan limits are those of all of Hampden County.

Your numbers

Local data
$

Starts at the typical home value in Chicopee. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,608 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,382

at 7.18% · 30 years

Loan amount
$269,528
Total interest
$387,787
Paid off in
November 2056

Includes $4,636 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,461 a month

  • Tight

    $1,461 to $1,878 a month

  • Hard

    more than $1,878 a month

    Your payment · 46%

Compared with the typical household income in Chicopee ($62,615 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,382
Principal & interest$1,826
Property tax$320
Home insurance$114
FHA mortgage insurance (MIP)$121

You need at least $9,608 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Chicopee and Hampden County

Chicopee is in Hampden County, Massachusetts. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Chicopee's own numbers

Typical home value
$274,500
Typical monthly rent
$1,157
Typical yearly household income
$62,615
Households that own their home
56%
Effective property tax rate
1.4%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hampden County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,800
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hampden County.

Everything about Hampden County

Buying

Buying a home in Chicopee

A typical home in Chicopee is worth $274,500: 8% below the county and 51% below Massachusetts. With the typical household income in Chicopee ($62,615 a year), a typical home costs 4.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Chicopee 4.4 years
  • Hampden 4.2 years
  • Massachusetts 5.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hampden County

According to FHFA’s house price index, home prices in Hampden County rose 84% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hampden County.

Period County Massachusetts U.S.
Last year (2025) +5.3% +3.7% +2.9%
5 years (2020–2025) +53% +49% +47%
10 years (2015–2025) +84% +87% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Chicopee next to Hampden County, Massachusetts and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Chicopee $274,500
  • Hampden $298,800
  • Massachusetts $562,100
  • United States $332,700
Typical monthly rent
  • Chicopee $1,157
  • Hampden $1,136
  • Massachusetts $1,762
  • United States $1,413
Typical yearly household income
  • Chicopee $62,615
  • Hampden $71,306
  • Massachusetts $103,960
  • United States $80,734
See the full table
Chicopee next to Hampden County and Massachusetts
Measure Chicopee Hampden County Massachusetts U.S.
Typical home value $274,500 $298,800 $562,100 $332,700
Typical monthly rent $1,157 $1,136 $1,762 $1,413
Typical yearly household income $62,615 $71,306 $103,960 $80,734
Households that own their home 56% 62% 63% 65%
Typical yearly property tax $3,847 $4,455 $5,992 $3,119
Effective property tax rate 1.4% 1.49% 1.07% 0.94%
Renters with high rent for their income 52% 54% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hampden County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Chicopee

For a typical $274,500 home in Chicopee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Chicopee's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,382a month

    Least cash to close
    Down payment
    $9,608
    Cash to close
    $17,843
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $121

  • Conventional, 5% down $2,332a month

    Down payment
    $13,725
    Cash to close
    $21,960
    Rate
    7.18%
    Mortgage insurance
    PMI · $130

  • Conventional, 20% down, no PMI $1,922a month

    Down payment
    $54,900
    Cash to close
    $63,135
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,176a month

    Down payment
    $41,175
    Cash to close
    $49,410
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Chicopee and for Hampden County.

Property tax

Effective rate in Chicopee

1.4%of the home’s value each year

$3,847 a year for the typical owner in Chicopee.

  • Chicopee 1.4%
  • Hampden 1.49%
  • Massachusetts 1.07%

What Massachusetts publishes Local senior exemption (clause 41C) (Massachusetts General Court (General Laws))

Exemptions and deadlines in Massachusetts

Flood risk in Hampden County

FEMA does not publish these numbers by city: they are for all of Hampden County.

Homes in the high-risk zone
1%
1,130
Of those, with NFIP insurance
26%
County Massachusetts U.S.
Homes in the high-risk zone 1% 3% 3.5%
Of those, with NFIP insurance 26% 50% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Chicopee

Typical rent in Chicopee is $1,157 a month: about the same as the county. In Chicopee, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hampden County, by unit size. To pay the 2-bedroom one ($1,800 a month) without spending more than 30% of your income, you would need to earn $34.62 an hour working full time.

HUD fair market rent for all of Hampden County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,264 $24.31 $50,560
1 bedroom $1,421 $27.33 $56,840
2 bedrooms $1,800 $34.62 $72,000
3 bedrooms $2,241 $43.10 $89,640
4 bedrooms $2,370 $45.58 $94,800

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Chicopee

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Chicopee has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,650 in 01013 to $2,580 in 01022.

1 of the 3 is above the fair market rent for Hampden County ($1,800).

  • 01013 $1,650$2,050
  • 01020 $1,800$2,240
  • 01022 $2,580$3,210

A ZIP code counts for Chicopee when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Chicopee

HUD lists 21 buildings with rents for lower incomes in Chicopee. These are the largest.

  • Memorial Apt 1302 Memorial Dr, Chicopee 01020 157 low-income homes · Run by Chicopee Housing Authority · Average payment: $382 a month (413) 592-6132
  • Cabot Manor Apt 17 Stonina Dr, Chicopee 01013 150 low-income homes · Run by Chicopee Housing Authority · Average payment: $610 a month (413) 592-6132
  • Falls View Apartments 132 E Main St, Chicopee 01020 130 low-income homes · For older adults
  • Mckinley Assoc. 38 Asinof Ave, Chicopee 01013 105 low-income homes · For older adults
  • Canterbury Arms Apt 165 E Main St, Chicopee 01020 76 low-income homes · Run by Chicopee Housing Authority · Average payment: $350 a month (413) 592-6132

See all 221 buildings in Hampden County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Chicopee

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 4 HUD-approved agencies with an office in Hampden County; 4 say they serve in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Chicopee

No down payment, repair or rent-help program on our list is for Chicopee or Hampden County. The ones below are statewide in Massachusetts: they work in Chicopee the same as in the rest of the state.

Which programs do I qualify for? All programs in Massachusetts

  • MassHousing Down Payment Assistance

    Statewide in Massachusetts

    Massachusetts state agency second mortgage for the down payment: up to $30,000 at 0% and deferred, or up to $25,000 at 2% or 3% over 15 years, for first-time buyers with eligible income. Offered by MassHousing.

    DeferredRepayable

    See the program Official page

Housing counselors near Chicopee

The HUD-approved agencies closest to the center of Chicopee, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Holyoke Housing Authority

    475 Maple St, Holyoke · 3 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    (413) 539-2202

  • Springfield Partners for Community Action

    721 State Street, 2nd Floor, Springfield · 5 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    413-263-6500-6500

  • Way Finders, Inc.

    1780 Main St, Springfield · 5 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (413) 233-1500

Every agency in Hampden County All counseling agencies in Massachusetts

Help in Spanish near Chicopee

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Chicopee

HUD’s record names them for Chicopee or Hampden County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Chicopee Housing Authority Public housing and Section 8 vouchers (413) 592-6132

4 other authorities have an office in Hampden County: see the list Source: HUD

Cities

Other cities in Hampden County

These cities are also in Hampden County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hampden County Housing in Massachusetts

Nearby cities

The cities closest to Chicopee, with the typical home value.

Neighboring counties

If Hampden County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Chicopee.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Chicopee

Short answers with the numbers for Chicopee and all of Hampden County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Chicopee?

The typical home value in Chicopee is $274,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hampden County it is $298,800.

How much does it cost to rent in Chicopee?

Typical rent in Chicopee is $1,157 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hampden County is $1,800.

What is the FHA loan limit in Chicopee?

Chicopee uses the FHA limit for all of Hampden County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Chicopee?

The typical homeowner in Chicopee pays $3,847 a year, according to the U.S. Census Bureau. That is 1.4% of the home’s value; in Hampden County, the rate is 1.49%.

Where can I find free help to buy or rent in Chicopee?

There are 4 HUD-approved counseling agencies with an office in Hampden County. 4 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).