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Hampden County, MA

Springfield

RANK #312 / 996 NAT  ·  #1 / 12 MA  ·  POP 464,575

1YR FORECAST: +3.1%

5YR OUTLOOK: +29%

Our model projects above-average housing market growth for Hampden County at +3.1% over the next year.

[01] Why Hampden County?

Hampden County, located in the Pioneer Valley of Western Massachusetts, offers a blend of urban, suburban, and rural environments. Springfield, the largest city and county seat, is a cultural and economic hub, home to attractions like the Basketball Hall of Fame and the 735-acre Forest Park. The county is bisected by the Connecticut River and features mountains to the west and valleys to the east, providing ample outdoor recreation opportunities in state forests such as Chester-Blandford and Granville. Public transportation is available through the Pioneer Valley Transit Authority (PVTA), serving many of the county's cities and towns. Life in Hampden County often appeals to families seeking a balance between community and access to amenities. Towns like Longmeadow are noted for their schools and suburban atmosphere. The economy is diverse, with major employment sectors including healthcare and social assistance, manufacturing, and retail trade. While the county has a history rooted in manufacturing, there is ongoing investment in various sectors, including energy, contributing to its evolving economic landscape.

[02] Market Snapshot

Housing Ratio
5.1x

Above national median (4.7x)

GDP Growth
+1.6%

Below national median

Home Prices
+2.8%

Outpacing national median

Climate & Terrain
-0.1

Below-average climate & terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 5.1x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    MassMutual Financial Group Finance
    5,000+
  2. 2
    Baystate Medical Center Healthcare
  3. 3
    Big Y World Class Markets Retail
  4. 4
    Westover Air Reserve Base Military
  5. 5
    Mercy Medical Center Healthcare
    2,500+
  6. 6
    MGM Springfield Hospitality
  7. 7
    Smith & Wesson Inc. Manufacturing
    1,000+
  8. 8
    Westfield State University Education
  9. 9
    Center for Human Development Other
  10. 10
    Holyoke Medical Center Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Hampden County U.S. National

The Numbers

DEMOGRAPHICS
Population
464,575
-0.36% YoY
Median Household Income
$66,619
Median Home Value
$258,100
+2.78% 12mo
Median Rent
$1,051
Average Annual Pay
$62,834
+4.2% YoY
Employment
202,129
-0.3% YoY
Income-to-Home-Value
0.2581
More affordable than average
Migration Inflow
1.42%
of pop. from another state
Bachelor's Degree+
28.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$335,000
Days on Market
36
Active market
Months of Supply
1.6
Seller's market
Sale-to-List Ratio
100.3%
Homes selling above asking
Sold Above List
49.6%
Listings w/ Price Drops
20.2%
Building Permits (2024)
443
Single-Family Permits
289

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.4
per 100K · nat avg 6.3
Firearm Fatalities
8.4
per 100K · nat avg 14.8
Injury Deaths
101.1
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
44.7
Good
Good Air Days
64%
697 of 1,095 days
Unhealthy+ Days (3yr)
9
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
46
2022
42
2023
46
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$3,006M
TOTAL
PROJECT AMOUNT STATUS
New England Wind Offshore Wind Project (partial contribution to Hampden County energy supply)
Avangrid
$1,900M Approved
Vineyard Wind 1 Offshore Wind Farm (partial contribution to Hampden County energy supply)
Avangrid and Copenhagen Infrastructure Partners
$806M Under Construction
Hampden Battery Storage Project
Undisclosed (active in ISO-NE interconnection queue)
$250M Planned
Community Solar & Battery Storage Portfolio (Multiple Projects)
Various (BWC East Brook, LLC, ASD Three Rivers Road MA Solar LLC, NSTAR Electric Company, Blandford Sun, LLC, Mt. Tom Solar, LLC, etc.)
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.6% 28 percentile
Population Growth -0.4% 14 percentile
Income Growth +8.7% 54 percentile
Vacancy Rate 1.0% 60 percentile
Home Price Change +2.8% 70 percentile
Rent Growth +5.6% 85 percentile
Price/Rent 12x 64 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Hampden County, MA a good place to move to?

With a Boom Town Index score of 68/100, Hampden County sits in the upper half of all 996 ranked counties. and median household income stands at $66,619 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MA.

Is Hampden County affordable?

Housing in Hampden County is roughly in line with national affordability norms. The median home costs $258,100 and the income-to-home-value ratio sits at 0.26, with rents averaging $1,051/month. Not a bargain, but not a stretch for most local earners either.

Is Hampden County growing or shrinking?

Population and employment in Hampden County are both close to flat — population -0.4% YoY and jobs -0.3%. Home values shifted +2.8% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are many people relocating to Hampden County?

Not particularly — 1.42% of Hampden County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Barnstable County, MA 56 Bristol County, MA 56 Hampshire County, MA 50 Plymouth County, MA 49 Franklin County, MA 33 Middlesex County, MA 29 Henrico County, VA 68 Waukesha County, WI 69