Quick facts: Hampden, MA

Quick Facts

119.6
Cost of Living
above US average
461,041
Population
0.33
Crime Rate per 1000
below US average
$66,619
Median Income
below US average
$239,000
Median House Price
above US average
$3500.0
Average Rent
above US average
10%
Poverty Rate
below US average
4.9%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,619.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $66,619
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Income Needed to Rent

⚠ Stretch
$150k/year
Based on $3500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $150k vs median $66,619
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hampden, MA

Hampden, Massachusetts, is a picturesque town nestled in the Pioneer Valley of Hampden County. Known for its charming rural landscape and close-knit community, Hampden retains a small-town feel while being conveniently located near larger cities like Springfield and Ludlow. The town covers approximately 16.5 square miles and is characterized by rolling hills, woodlands, and residential neighborhoods. One of the highlights of Hampden is its commitment to preserving natural beauty and open spaces, which provides residents with ample opportunities for outdoor activities, including hiking, biking, and fishing. The town has several parks and recreational areas, including the scenic Hampden Memorial Park. Hampden is primarily a residential area with a strong focus on family-friendly living. The education system is well-regarded, with schools serving the local community. Additionally, the town hosts several annual events and local organizations, fostering community spirit and engagement. With its combination of rural charm, outdoor recreation, excellent schools, and proximity to urban amenities, Hampden, MA, offers a delightful place to live and raise a family.

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