Housing Insights for ZIP Code 01071 (Russell, MA)

Housing Summary for ZIP Code 01071

Homeowners

The median home value in ZIP Code 01071 (Russell, MA) is $229,400. Approximately 90.7% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.

The average occupancy of owner-occupied units in ZIP Code 01071 is 2.51 occupants, while owner-occupied units have an aggregate average size of 2.82 bedrooms per housing unit.

Renters

In the 01071 ZIP Code, an estimated 9.3% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 16.9%.

Among renter-occupied units in this ZIP, the average occupancy is 2.41 occupants, while renters in this Hampden County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 01071

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01071.

ZIP 01071 Massachusetts U.S.
Median Home Value $229,400 $656,427 $364,385
Owner-Occupied Housing Units 90.7% 62.4% 64.0%
Homeowner Vacancy Rate 0.0% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.51 2.69 2.70
Average # of Bedrooms Per Unit 2.82 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 9.3% 37.6% 36.0%
Rental Vacancy Rate 16.9% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.41 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01071 (Russell, MA)

The median home value in ZIP Code 01071 is $229,400. That median value is about 40% lower than the median home value of $381,600 in Massachusetts overall, and is 5% higher than the $217,500 the median home value in the entire U.S. Approximately 35.4% of homes in ZIP Code 01071 are valued $200,000 to $299,999. That is 82% higher than in the state of Massachusetts, in which 19.5% of homes are valued at $200,000 to $299,999, and is about 81% 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 01071 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 01071

This chart visualizes the breakdown of home values in ZIP Code 01071, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01071 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01071

See the table below for a regional comparison of home values in ZIP Code 01071.

Home Value ZIP 01071 Massachusetts U.S.
Less than $50,000 8.8% 1.5% 6.9%
$50,000 to $99,999 0.6% 1.4% 12.0%
$100,000 to $149,999 10.5% 3.4% 13.3%
$150,000 to $199,999 18.9% 7.2% 14.0%
$200,000 to $299,999 35.4% 19.5% 19.6%
$300,000 to $499,999 23.5% 35.9% 19.3%
$500,000 to $999,999 2.3% 25.4% 11.4%
$1,000,000 or more 0.0% 5.8% 3.4%

Home Ages in ZIP Code 01071 (Russell, MA)

Approximately 22.8% of homes in this Russell, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 01071 is about 30% lower than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 81% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 17.6% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.0% of homes in this Hampden County ZIP Code were built in 2010 to 2013 in ZIP Code 01071. In comparison, 1.7% of homes in Massachusetts overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 01071

A detailed regional comparison of home ages in ZIP Code 01071.

Year Built ZIP 01071 Massachusetts U.S.
2014 or later 2.2% 1.6% 2.5%
2010 to 2013 0.0% 1.7% 2.7%
2000 to 2009 5.3% 7.1% 14.0%
1990 to 1999 17.6% 7.7% 13.9%
1980 to 1989 9.0% 10.8% 13.4%
1970 to 1979 10.7% 11.6% 15.2%
1960 to 1969 14.7% 10.2% 10.6%
1950 to 1959 16.7% 11.3% 10.3%
1940 to 1949 1.0% 5.5% 4.9%
1939 or earlier 22.8% 32.5% 12.6%

Age of Homes in ZIP Code 01071

See the chart below for details on the age of homes in ZIP Code 01071, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

">

Housing FAQs for ZIP Code 01071

Frequently asked questions about housing in this Russell, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01071.

1

What is the average home value ZIP Code 01071?

The median home value in ZIP Code 01071 (Russell, MA) is $229,400.
2

Are homes expensive in ZIP Code 01071?

The median home value in 01071 ($229,400) is an estimated 40% lower than the aggregate median value of $381,600 in Massachusetts, and is 5% 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 01071?

The vacacy rate for owner-occupied housing in ZIP Code 01071 is 0.0%. This rate is 100% lower than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01071 vacancy rate is 100% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01071 have older homes or newer construction?

In ZIP Code 01071, about 22.8% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 17.6% of homes in the region were built in 1990 to 1999. In contrast, 0.0% of homes in 01071 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 01071? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 01071 than renter-occupied housing. Owner-occupied units make up 90.7% of housing, compared to 9.3% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 01071?

The vacacy rate for rental units in ZIP Code 01071 is 16.9%. This rate is 369% higher than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01071 vacancy rate is 182% higher than the entire U.S. vacancy rate of 6.0%.