How much is a home worth in ZIP code 01020?

The typical home in 01020 is worth $326,762, based on the Zillow Home Value Index.

Are home values rising in 01020?

Home values in 01020 are up 2.4% over the past year, and up 5.8% a year over five years.

What is the typical rent in 01020?

A typical home in 01020 rents for about $1,815 a month, a gross rental yield of 6.7%.

What is the property tax rate in 01020?

The effective property tax rate in 01020 is 1.0% — roughly $3,370 a year on a typical home.

ZIP code 01020 has a population of 30,167 and a median household income of $66,009.

HousingHandbookReference data

…

U.S. ZIP Code · MA01020

Hampden County · Springfield, MA

Typical home value

$326,762^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +5.8%
10-year / yr: +6.4%

Relative price

vs U.S.: +15.0%
vs metro: -2.6%
vs state: -46.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 01020 is worth $326,762 — 2.6% below the Springfield, MA median. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,815 a month — a 6.7% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,815^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,370^[3]

#Climate risk

FEMA National Risk Index ratings for Hampden County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively High
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Relatively Moderate

#Who lives here

Population: 30,167^[3]
Median household income: $66,009^[3]

#Migration

Household moves in and out of Hampden County over a year, from IRS tax-return data.

Net migration: -1,038^[5]
Moved in: 6,895
Moved out: 7,933

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 6
Middle: 1
High: 2

Chicopee Comprehensive High School
High · Grades 9–12 · Chicopee
1,212 students
Chicopee High
High · Grades 9–12 · Chicopee
932 students
Bellamy Middle
Middle · Grades 6–8 · Chicopee
817 students
Fairview Elementary
Elementary · Grades PK–5 · Chicopee
365 students
Barry
Elementary · Grades K–5 · Chicopee
362 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$21,779

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,652

Loan principal$261,409

Down payment$65,352

Total interest paid$333,413

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.21

Monthly cost to own$2,205

Monthly rent$1,815

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 21st percentile^[1]
Rental yield: 80th percentile^[2]
Property tax: 0th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for highest rental yield in MAView list →

Frequently asked

How much is a home worth in ZIP code 01020?: The typical home in 01020 is worth $326,762, based on the Zillow Home Value Index.
Are home values rising in 01020?: Home values in 01020 are up 2.4% over the past year, and up 5.8% a year over five years.
What is the typical rent in 01020?: A typical home in 01020 rents for about $1,815 a month, a gross rental yield of 6.7%.
What is the property tax rate in 01020?: The effective property tax rate in 01020 is 1.0% — roughly $3,370 a year on a typical home.
Who lives in 01020?: ZIP code 01020 has a population of 30,167 and a median household income of $66,009.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

01040 vs 01020 →
Holyoke, MA
Typical home
$328,774
Gross yield
6.1%
01118 vs 01020 →
Springfield, MA
Typical home
$320,111
Gross yield
—
01129
Springfield, MA
Typical home
$319,258
Gross yield
—
01128
Springfield, MA
Typical home
$334,277
Gross yield
—
01069
Palmer Town, MA
Typical home
$335,602
Gross yield
—
01013
Chicopee, MA
Typical home
$314,230
Gross yield
6.1%

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Pit ZIP 01020 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MA01020

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