Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Amherst-Pelham

Learn about the people, housing, costs and businesses in Amherst-Pelham, Massachusetts

Median Home$474,385
Median Rent$1,781/month
Population43,026
Leading IndustryHealthcare12% of local workforce
Home Value Growth⬆⬆+17.5% over 2 years
Young Adults30% of residentsslightly above average
Homeowners52% of occupied units
Amherst-Pelham
MA

Frequently Asked Questions

What are today's mortgage rates in Amherst-Pelham?

As of today, the 30-year fixed mortgage rate for Amherst-Pelham is approximately 6.870% (6.905% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Amherst-Pelham
What is the median home price in Amherst-Pelham?

The median home value in Amherst-Pelham is $474k. The median monthly rent is $1,781. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Amherst-Pelham?

Home values in Amherst-Pelham have increased 17.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Amherst-Pelham?

Based on a typical all-in ownership cost of $1,912/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Amherst-Pelham is $80k/year.

Calculate your buying power
What industries drive the economy in Amherst-Pelham?

The largest employment sectors in Amherst-Pelham are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.