Market Overview
Home Prices in Chicopee, MA
The median home value in Chicopee, MA is $325,528 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chicopee are priced21% below average. Chicopee is part of the Springfield, MA metro area.
Over the past five years, Chicopee home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Chicopee Home Price Trend
City Comparison
Chicopee vs. National Median
At $325,528, homes in Chicopee cost 21% below the national median of $410,000. This makes Chicopee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chicopee?
20% Down Payment
$65,106
on $325,528
Monthly P&I
$1,698/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,156/mo
incl. taxes & insurance
Income Needed
$86,240
gross annual (30% rule)
10% Down Option
$32,553
+ PMI applies
Loan Amount (20% dn)
$260,422
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Chicopee, MA?
The median home value in Chicopee is $325,528 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Chicopee?
Over the past year, home values in Chicopee have increased by 2.8%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Chicopee?
To comfortably afford the median home price of $325,528 with a 20% down payment ($65,106) at today's rates (6.8%), you'd need a gross annual income of approximately $86,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Chicopee compare to the national average home price?
The national median home value is approximately $410,000. At $325,528, homes in Chicopee are 21% below the national average.
What metro area is Chicopee part of?
Chicopee is part of the Springfield, MA metropolitan area. Home prices and market conditions can vary across the broader metro region.