Housing Insights for ZIP Code 01038 (Hatfield, MA)

Housing Summary for ZIP Code 01038

Homeowners

The median home value in ZIP Code 01038 (Hatfield, MA) is $305,000. Approximately 72.5% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 3.0%.

The average occupancy of owner-occupied units in ZIP Code 01038 is 2.47 occupants, while owner-occupied units have an aggregate average size of 2.89 bedrooms per housing unit.

Renters

In the 01038 ZIP Code, an estimated 27.5% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.0%.

Among renter-occupied units in this ZIP, the average occupancy is 1.59 occupants, while renters in this Hampshire County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 01038

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01038.

ZIP 01038 Massachusetts U.S.
Median Home Value $305,000 $656,427 $364,385
Owner-Occupied Housing Units 72.5% 62.4% 64.0%
Homeowner Vacancy Rate 3.0% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.47 2.69 2.70
Average # of Bedrooms Per Unit 2.89 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 27.5% 37.6% 36.0%
Rental Vacancy Rate 4.0% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.59 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01038 (Hatfield, MA)

The median home value in ZIP Code 01038 is $305,000. That median value is about 20% lower than the median home value of $381,600 in Massachusetts overall, and is 40% higher than the $217,500 the median home value in the entire U.S. Approximately 43.7% of homes in ZIP Code 01038 are valued $200,000 to $299,999. That is 124% higher than in the state of Massachusetts, in which 19.5% of homes are valued at $200,000 to $299,999, and is about 123% higher than in the U.S. overall (19.6% of homes valued at $200,000 to $299,999). The home value range that the smallest portion of ZIP Code 01038 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 01038

This chart visualizes the breakdown of home values in ZIP Code 01038, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01038 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01038

See the table below for a regional comparison of home values in ZIP Code 01038.

Home Value ZIP 01038 Massachusetts U.S.
Less than $50,000 1.9% 1.5% 6.9%
$50,000 to $99,999 0.0% 1.4% 12.0%
$100,000 to $149,999 0.0% 3.4% 13.3%
$150,000 to $199,999 3.1% 7.2% 14.0%
$200,000 to $299,999 43.7% 19.5% 19.6%
$300,000 to $499,999 40.7% 35.9% 19.3%
$500,000 to $999,999 10.6% 25.4% 11.4%
$1,000,000 or more 0.0% 5.8% 3.4%

Home Ages in ZIP Code 01038 (Hatfield, MA)

Approximately 30.2% of homes in this Hatfield, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 01038 is about 7% lower than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 140% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 20.1% of local homes were built in 1970 to 1979. On the other end of the scale, just 1.5% of homes in this Hampshire County ZIP Code were built in 2000 to 2009 in ZIP Code 01038. In comparison, 7.1% of homes in Massachusetts overall were built in 2000 to 2009, while 14.0% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 01038

A detailed regional comparison of home ages in ZIP Code 01038.

Year Built ZIP 01038 Massachusetts U.S.
2014 or later 3.0% 1.6% 2.5%
2010 to 2013 2.0% 1.7% 2.7%
2000 to 2009 1.5% 7.1% 14.0%
1990 to 1999 7.0% 7.7% 13.9%
1980 to 1989 11.0% 10.8% 13.4%
1970 to 1979 20.1% 11.6% 15.2%
1960 to 1969 10.1% 10.2% 10.6%
1950 to 1959 12.5% 11.3% 10.3%
1940 to 1949 2.6% 5.5% 4.9%
1939 or earlier 30.2% 32.5% 12.6%

Age of Homes in ZIP Code 01038

See the chart below for details on the age of homes in ZIP Code 01038, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 01038

Frequently asked questions about housing in this Hatfield, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01038.

1

What is the average home value ZIP Code 01038?

The median home value in ZIP Code 01038 (Hatfield, MA) is $305,000.
2

Are homes expensive in ZIP Code 01038?

The median home value in 01038 ($305,000) is an estimated 20% lower than the aggregate median value of $381,600 in Massachusetts, and is 40% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 01038?

The vacacy rate for owner-occupied housing in ZIP Code 01038 is 3.0%. This rate is 200% higher than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01038 vacancy rate is 88% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01038 have older homes or newer construction?

In ZIP Code 01038, about 30.2% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 20.1% of homes in the region were built in 1970 to 1979. In contrast, 1.5% of homes in 01038 were built in 2000 to 2009.
5

What is the housing breakdown in ZIP Code 01038? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 01038 than renter-occupied housing. Owner-occupied units make up 72.5% of housing, compared to 27.5% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 01038?

The vacacy rate for rental units in ZIP Code 01038 is 4.0%. This rate is 11% higher than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01038 vacancy rate is 33% lower than the entire U.S. vacancy rate of 6.0%.