U.S. ZIP Code · MA01040
Hampden County · Springfield, MA
Appreciation
- 1-year
- +3.3%
- 5-year / yr
- +5.6%
- 10-year / yr
- +6.3%
Relative price
- vs U.S.
- +15.7%
- vs metro
- -2.0%
- vs state
- -46.3%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 01040 is worth $328,774 — 2.0% below the Springfield, MA median. Over the past year, values have risen 3.3%. Homes here rent for a typical $1,677 a month — a 6.1% gross rental yield. The effective property tax rate is 1.4%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 12
- Elementary
- 7
- Middle
- 3
- High
- 2
Holyoke High
High · Grades 9–12 · Holyoke
1,567 students
Holyoke Community Charter School
Elementary · Grades K–8 · Holyoke Community Charter (District)
692 students
Lt Clayre Sullivan Elementary
Middle · Grades 6–8 · Holyoke
494 students
Kelly Elementary
Elementary · Grades PK–5 · Holyoke
459 students
E N White Elementary
Elementary · Grades PK–5 · Holyoke
451 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.
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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 01040?
- The typical home in 01040 is worth $328,774, based on the Zillow Home Value Index.
- Are home values rising in 01040?
- Home values in 01040 are up 3.3% over the past year, and up 5.6% a year over five years.
- What is the typical rent in 01040?
- A typical home in 01040 rents for about $1,677 a month, a gross rental yield of 6.1%.
- What is the property tax rate in 01040?
- The effective property tax rate in 01040 is 1.4% — roughly $4,743 a year on a typical home.
- Who lives in 01040?
- ZIP code 01040 has a population of 37,813 and a median household income of $53,605.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Chicopee, MA
- Typical home
- $326,762
- Gross yield
- 6.7%
Springfield, MA
- Typical home
- $334,277
- Gross yield
- —
Palmer Town, MA
- Typical home
- $335,602
- Gross yield
- —
Springfield, MA
- Typical home
- $320,111
- Gross yield
- —
Springfield, MA
- Typical home
- $319,258
- Gross yield
- —
MA
- Typical home
- $342,896
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 01040 against any other ZIP — full side-by-side table.
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