Home Affordability in 01002
Amherst, MA — Hampshire County
The median home price in ZIP code 01002 (Amherst) is $365,000 with a median household income of $45,000. The price-to-income ratio is 8.1x.
Median Home Price
$365,000
Median Income
$45,000
Price-to-Income
8.1x
Est. Affordable Home
$175,000
Property Tax Rate
1.60%
Annual Property Tax
$5,840
Cost of Living
108
Metro Area
Springfield MSA
Down Payment Scenarios for ZIP 01002
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $10,950 | $354,050 | Yes |
| 5% | $18,250 | $346,750 | Yes |
| 10% | $36,500 | $328,500 | Yes |
| 20% | $73,000 | $292,000 | No |
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