Why Live in Chicopee Falls
Chicopee Falls, a neighborhood in Chicopee, is situated along the Chicopee River, which historically powered the local textile mills. The area has transitioned from its industrial roots to a residential community, with ongoing developments like the conversion of old factories into housing. Szot Park, a central feature of the neighborhood, offers playgrounds, baseball fields, and is undergoing renovations to improve its water features and add trails and an outdoor classroom. The park hosts events such as the annual Fourth of July fireworks and the Halloween Spooktacular. Housing options include two-family Victorian homes, Colonial Revivals, Cape Cods, ranches, and new Colonial-inspired builds. The average home value is around $300,000, which is lower than the Springfield metro and national averages. Barry Elementary School, located in the neighborhood, is highly rated. Chicopee Falls has a diverse food scene with restaurants offering Korean and Nuevo Latino cuisine, and local favorites like Milano’s pizza. Grocery shopping is convenient with Big Y and Stop & Shop nearby. The neighborhood is accessible via Interstate 291 and Interstate 90, with public transportation available through Pioneer Valley Transit Authority bus stops. Bradley International Airport is 25 miles away.
Frequently Asked Questions
Is Chicopee Falls a good place to live?
Chicopee Falls is a good place to live. Chicopee Falls is considered very car-dependent and somewhat bikeable with some transit options. Chicopee Falls is a suburban neighborhood. Chicopee Falls has 5 parks for recreational activities. It is fairly sparse in population with 5.0 people per acre and a median age of 40. The average household income is $66,605 which is below the national average. College graduates make up 16.3% of residents. A majority of residents in Chicopee Falls are home owners, with 46.9% of residents renting and 53.1% of residents owning their home. A
local real estate agent serving Chicopee Falls can help you decide if this neighborhood is the right one for you. Learn more on our
Chicopee Falls neighborhood guide.
How much do you need to make to afford a house in Chicopee Falls?
The median home price in Chicopee Falls is $309,900. If you put a 20% down payment of $62,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,580 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $68K a year to afford the median home price in Chicopee Falls. The average household income in Chicopee Falls is $67K.
What are the best public schools in Chicopee Falls?
The best public schools that serve Chicopee Falls are:
What are the best private schools in Chicopee Falls?
The best private schools that serve Chicopee Falls are:
What are the most popular zip codes in Chicopee Falls, Chicopee, MA?
What are the most popular neighborhoods near Chicopee Falls, Chicopee, MA?
Home Trends in Chicopee Falls, MA
On average, homes in Chicopee Falls, Chicopee sell after 27 days on the market compared to the national average of 52 days. The median sale price for homes in Chicopee Falls, Chicopee over the last 12 months is $307,450, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$307,450
Median Single Family Sale Price
$324,000
Median Townhouse Sale Price
$268,500
Median 2 Bedroom Sale Price
$228,000
Median 1 Bedroom Sale Price
$172,450
Average Price Per Sq Ft
$242
Number of Homes for Sale
6
Last 12 months Home Sales
70
Median List Price
$309,900
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
2%