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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Chicopee, MA Housing Affordability Index

Chicopee, Massachusetts has an MBR Housing Affordability Index score of 85.4 (Moderately Less Affordable) as of October 30, 2026, ranking 52nd most affordable of 193 scored Massachusetts cities, compared with 76.0 statewide and 97.4 nationally. On a median-priced $274,500 home with 20% down, the Massachusetts average 30-year fixed rate of 7.10% means a monthly principal and interest payment of about $1,476, or 28% of the city’s $62,615 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Chicopee is updated every night from live Massachusetts mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Chicopee MBR-HAI 85.4 Moderately Less Affordable
Rank in Massachusetts 52 of 193 1 = most affordable
Massachusetts 76.0 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.10% Massachusetts lenders
Median home value $274,500 U.S. Census Bureau

Chicopee is 9.5 points above the Massachusetts score. Scores as of October 30, 2026. See the Massachusetts index

View Chicopee Mortgage Rates

See What You Can Afford in Chicopee, Massachusetts

Use this Chicopee, Massachusetts home affordability calculator to see how much house you can afford at today’s Massachusetts average 30-year mortgage rate of 7.10%. A household earning the Chicopee median income of $62,615, with no other debts and $55,000 down, can afford a home of about $220,878, compared with a median home value of $274,500. Buying the median priced home with 20% down takes a household income of about $81,700 once property tax and insurance are counted.

Chicopee median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Massachusetts average, 30-year fixed
Chicopee median bill (Census)
Estimate; use your quote
You can afford a home up to
$220,878
Below the Chicopee median home value of $274,500
Loan amount$165,878
Principal & interest$1,115/mo
Property tax$254/mo
Home insurance$92/mo
PMI$0/mo
Total monthly payment$1,461/mo
Compare Chicopee Mortgage Rates

How much house can you afford in Chicopee?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Chicopee, property taxes run about 1.38% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,323 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Chicopee

$1,476/mo
Principal & Interest
Median home, 20% down, 7.10%
$63,300
Income Needed
To keep principal and interest at 28% of income
$62,615
Median Household Income
Massachusetts: $103,960
4.4x
Price-to-Income Ratio
Massachusetts: 5.4x
$1,356/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,801/yr
Median Property Tax
1.38% of median value
33.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
48.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Chicopee, Massachusetts. The rate is the Massachusetts average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Chicopee Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Chicopee, Massachusetts score: 85.4 (Moderately Less Affordable), ranked 52 of 193 Massachusetts cities. monitorbankrates.com/housing-affordability-index/massachusetts/chicopee”