Housing Insights for ZIP Code 01011 (Chester, MA)

Housing Summary for ZIP Code 01011

Homeowners

The median home value in ZIP Code 01011 (Chester, MA) is $206,800. Approximately 80.3% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 3.6%.

The average occupancy of owner-occupied units in ZIP Code 01011 is 2.54 occupants, while owner-occupied units have an aggregate average size of 2.99 bedrooms per housing unit.

Renters

In the 01011 ZIP Code, an estimated 19.7% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 8.3%.

Among renter-occupied units in this ZIP, the average occupancy is 2.42 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 01011

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01011.

ZIP 01011 Massachusetts U.S.
Median Home Value $206,800 $656,427 $364,385
Owner-Occupied Housing Units 80.3% 62.4% 64.0%
Homeowner Vacancy Rate 3.6% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.54 2.69 2.70
Average # of Bedrooms Per Unit 2.99 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 19.7% 37.6% 36.0%
Rental Vacancy Rate 8.3% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.42 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01011 (Chester, MA)

The median home value in ZIP Code 01011 is $206,800. That median value is about 46% lower than the median home value of $381,600 in Massachusetts overall, and is 5% lower than the $217,500 the median home value in the entire U.S. Approximately 28.7% of homes in ZIP Code 01011 are valued $150,000 to $199,999. That is 299% higher than in the state of Massachusetts, in which 7.2% of homes are valued at $150,000 to $199,999, and is about 105% higher than in the U.S. overall (14.0% of homes valued at $150,000 to $199,999). The home value range that the smallest portion of ZIP Code 01011 homes fall into is $50,000 to $99,999 (1.1% of homes).

Home Values in ZIP Code 01011

This chart visualizes the breakdown of home values in ZIP Code 01011, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01011 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01011

See the table below for a regional comparison of home values in ZIP Code 01011.

Home Value ZIP 01011 Massachusetts U.S.
Less than $50,000 1.5% 1.5% 6.9%
$50,000 to $99,999 1.1% 1.4% 12.0%
$100,000 to $149,999 16.3% 3.4% 13.3%
$150,000 to $199,999 28.7% 7.2% 14.0%
$200,000 to $299,999 26.0% 19.5% 19.6%
$300,000 to $499,999 21.6% 35.9% 19.3%
$500,000 to $999,999 3.3% 25.4% 11.4%
$1,000,000 or more 1.3% 5.8% 3.4%

Home Ages in ZIP Code 01011 (Chester, MA)

Approximately 43.2% of homes in this Chester, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 01011 is about 33% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 243% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 13.7% of local homes were built in 1970 to 1979. 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 01011. 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 01011

A detailed regional comparison of home ages in ZIP Code 01011.

Year Built ZIP 01011 Massachusetts U.S.
2014 or later 0.6% 1.6% 2.5%
2010 to 2013 0.0% 1.7% 2.7%
2000 to 2009 13.6% 7.1% 14.0%
1990 to 1999 4.2% 7.7% 13.9%
1980 to 1989 11.8% 10.8% 13.4%
1970 to 1979 13.7% 11.6% 15.2%
1960 to 1969 4.6% 10.2% 10.6%
1950 to 1959 5.7% 11.3% 10.3%
1940 to 1949 2.7% 5.5% 4.9%
1939 or earlier 43.2% 32.5% 12.6%

Age of Homes in ZIP Code 01011

See the chart below for details on the age of homes in ZIP Code 01011, 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 01011

Frequently asked questions about housing in this Chester, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01011.

1

What is the average home value ZIP Code 01011?

The median home value in ZIP Code 01011 (Chester, MA) is $206,800.
2

Are homes expensive in ZIP Code 01011?

The median home value in 01011 ($206,800) is an estimated 46% lower than the aggregate median value of $381,600 in Massachusetts, and is 5% 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 01011?

The vacacy rate for owner-occupied housing in ZIP Code 01011 is 3.6%. This rate is 260% higher than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01011 vacancy rate is 125% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01011 have older homes or newer construction?

In ZIP Code 01011, about 43.2% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 13.7% of homes in the region were built in 1970 to 1979. In contrast, 0.0% of homes in 01011 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 01011? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 01011 than renter-occupied housing. Owner-occupied units make up 80.3% of housing, compared to 19.7% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 01011?

The vacacy rate for rental units in ZIP Code 01011 is 8.3%. This rate is 131% higher than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01011 vacancy rate is 38% higher than the entire U.S. vacancy rate of 6.0%.