Housing Insights for ZIP Code 01247 (North Adams, MA)

Housing Summary for ZIP Code 01247

Homeowners

The median home value in ZIP Code 01247 (North Adams, MA) is $147,900. Approximately 62.5% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.6%.

The average occupancy of owner-occupied units in ZIP Code 01247 is 2.34 occupants, while owner-occupied units have an aggregate average size of 2.55 bedrooms per housing unit.

Renters

In the 01247 ZIP Code, an estimated 37.5% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 6.9%.

Among renter-occupied units in this ZIP, the average occupancy is 1.98 occupants, while renters in this Berkshire County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 01247

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01247.

ZIP 01247 Massachusetts U.S.
Median Home Value $147,900 $656,427 $364,385
Owner-Occupied Housing Units 62.5% 62.4% 64.0%
Homeowner Vacancy Rate 2.6% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.34 2.69 2.70
Average # of Bedrooms Per Unit 2.55 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 37.5% 37.6% 36.0%
Rental Vacancy Rate 6.9% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.98 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01247 (North Adams, MA)

The median home value in ZIP Code 01247 is $147,900. That median value is about 61% lower than the median home value of $381,600 in Massachusetts overall, and is 32% lower than the $217,500 the median home value in the entire U.S. An estimated 26.9% of homes in ZIP Code 01247 are valued $100,000 to $149,999. That is 691% higher than in Massachusetts, in which 3.4% of homes are valued at $100,000 to $149,999, and is about 102% 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 01247 homes fall into is $1,000,000 or more (0.5% of homes).

Home Values in ZIP Code 01247

This chart visualizes the breakdown of home values in ZIP Code 01247, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01247 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01247

See the table below for a regional comparison of home values in ZIP Code 01247.

Home Value ZIP 01247 Massachusetts U.S.
Less than $50,000 7.0% 1.5% 6.9%
$50,000 to $99,999 17.4% 1.4% 12.0%
$100,000 to $149,999 26.9% 3.4% 13.3%
$150,000 to $199,999 24.3% 7.2% 14.0%
$200,000 to $299,999 15.6% 19.5% 19.6%
$300,000 to $499,999 6.6% 35.9% 19.3%
$500,000 to $999,999 1.8% 25.4% 11.4%
$1,000,000 or more 0.5% 5.8% 3.4%

Home Ages in ZIP Code 01247 (North Adams, MA)

Approximately 46.3% of homes in this North Adams, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 01247 is about 42% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 267% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 12.0% of local homes were built in 1950 to 1959. On the other end of the scale, just 0.1% of homes in this Berkshire County ZIP Code were built in 2010 to 2013 in ZIP Code 01247. 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 01247

A detailed regional comparison of home ages in ZIP Code 01247.

Year Built ZIP 01247 Massachusetts U.S.
2014 or later 0.3% 1.6% 2.5%
2010 to 2013 0.1% 1.7% 2.7%
2000 to 2009 2.9% 7.1% 14.0%
1990 to 1999 5.0% 7.7% 13.9%
1980 to 1989 5.8% 10.8% 13.4%
1970 to 1979 10.1% 11.6% 15.2%
1960 to 1969 11.3% 10.2% 10.6%
1950 to 1959 12.0% 11.3% 10.3%
1940 to 1949 6.4% 5.5% 4.9%
1939 or earlier 46.3% 32.5% 12.6%

Age of Homes in ZIP Code 01247

See the chart below for details on the age of homes in ZIP Code 01247, 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 01247

Frequently asked questions about housing in this North Adams, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01247.

1

What is the average home value ZIP Code 01247?

The median home value in ZIP Code 01247 (North Adams, MA) is $147,900.
2

Are homes expensive in ZIP Code 01247?

The median home value in 01247 ($147,900) is an estimated 61% lower than the aggregate median value of $381,600 in Massachusetts, and is 32% 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 01247?

The vacacy rate for owner-occupied housing in ZIP Code 01247 is 2.6%. This rate is 160% higher than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01247 vacancy rate is 63% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01247 have older homes or newer construction?

In ZIP Code 01247, about 46.3% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 12.0% of homes in the region were built in 1950 to 1959. In contrast, 0.1% of homes in 01247 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 01247? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 01247 than renter-occupied housing. Owner-occupied units make up 62.5% of housing, compared to 37.5% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 01247?

The vacacy rate for rental units in ZIP Code 01247 is 6.9%. This rate is 92% higher than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01247 vacancy rate is 15% higher than the entire U.S. vacancy rate of 6.0%.