Housing Insights for ZIP Code 01151 (Indian Orchard, MA)

Housing Summary for ZIP Code 01151

Homeowners

The median home value in ZIP Code 01151 (Indian Orchard, MA) is $136,000. Approximately 44.6% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.8%.

The average occupancy of owner-occupied units in ZIP Code 01151 is 2.34 occupants, while owner-occupied units have an aggregate average size of 2.49 bedrooms per housing unit.

Renters

In the 01151 ZIP Code, an estimated 55.4% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 9.3%.

Among renter-occupied units in this ZIP, the average occupancy is 2.87 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 01151

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01151.

ZIP 01151 Massachusetts U.S.
Median Home Value $136,000 $656,427 $364,385
Owner-Occupied Housing Units 44.6% 62.4% 64.0%
Homeowner Vacancy Rate 0.8% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.34 2.69 2.70
Average # of Bedrooms Per Unit 2.49 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 55.4% 37.6% 36.0%
Rental Vacancy Rate 9.3% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.87 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01151 (Indian Orchard, MA)

The median home value in ZIP Code 01151 is $136,000. That median value is about 64% lower than the median home value of $381,600 in Massachusetts overall, and is 37% lower than the $217,500 the median home value in the entire U.S. Approximately 42.8% of homes in ZIP Code 01151 are valued $100,000 to $149,999. That is 1159% higher than in the state ofMassachusetts, where 3.4% of homes are valued at $100,000 to $149,999, and is about 222% higher than in the U.S. overall (13.3% of homes valued at $100,000 to $149,999). The home value range that the smallest portion of ZIP Code 01151 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 01151

This chart visualizes the breakdown of home values in ZIP Code 01151, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01151 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01151

See the table below for a regional comparison of home values in ZIP Code 01151.

Home Value ZIP 01151 Massachusetts U.S.
Less than $50,000 3.7% 1.5% 6.9%
$50,000 to $99,999 16.3% 1.4% 12.0%
$100,000 to $149,999 42.8% 3.4% 13.3%
$150,000 to $199,999 26.8% 7.2% 14.0%
$200,000 to $299,999 5.7% 19.5% 19.6%
$300,000 to $499,999 3.1% 35.9% 19.3%
$500,000 to $999,999 1.5% 25.4% 11.4%
$1,000,000 or more 0.0% 5.8% 3.4%

Home Ages in ZIP Code 01151 (Indian Orchard, MA)

Approximately 42.9% of homes in this Indian Orchard, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 01151 is about 32% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 240% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 14.8% of local homes were built in 1950 to 1959. 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 01151. 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 01151

A detailed regional comparison of home ages in ZIP Code 01151.

Year Built ZIP 01151 Massachusetts U.S.
2014 or later 0.0% 1.6% 2.5%
2010 to 2013 0.0% 1.7% 2.7%
2000 to 2009 4.2% 7.1% 14.0%
1990 to 1999 3.8% 7.7% 13.9%
1980 to 1989 8.8% 10.8% 13.4%
1970 to 1979 9.5% 11.6% 15.2%
1960 to 1969 6.4% 10.2% 10.6%
1950 to 1959 14.8% 11.3% 10.3%
1940 to 1949 9.7% 5.5% 4.9%
1939 or earlier 42.9% 32.5% 12.6%

Age of Homes in ZIP Code 01151

See the chart below for details on the age of homes in ZIP Code 01151, 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 01151

Frequently asked questions about housing in this Indian Orchard, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01151.

1

What is the average home value ZIP Code 01151?

The median home value in ZIP Code 01151 (Indian Orchard, MA) is $136,000.
2

Are homes expensive in ZIP Code 01151?

The median home value in 01151 ($136,000) is an estimated 64% lower than the aggregate median value of $381,600 in Massachusetts, and is 37% lower than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 01151?

The vacacy rate for owner-occupied housing in ZIP Code 01151 is 0.8%. This rate is 20% lower than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01151 vacancy rate is 50% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01151 have older homes or newer construction?

In ZIP Code 01151, about 42.9% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 14.8% of homes in the region were built in 1950 to 1959. In contrast, 0.0% of homes in 01151 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 01151? Are there more rentals or owner-occupied units?

There is more renter-occupied housing in 01151 than owner-occupied housing. Renter-occupied units make up 55.4% of housing, compared to 44.6% for owner-occupied units.
6

Are rental vacancy rates high in ZIP Code 01151?

The vacacy rate for rental units in ZIP Code 01151 is 9.3%. This rate is 158% higher than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01151 vacancy rate is 55% higher than the entire U.S. vacancy rate of 6.0%.