ZIP Code · MA

ZIP 01002

Part of Amherst, MA

Pop. 26,370·Hampshire County·53rd most expensive ZIP in Massachusetts

Median rent (all units)

$2,957/mo

Year-over-Year

+5.3%

Month-over-Month

+1.1%

vs US Median

+$1,025

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 01002 · $2,957

More expensive than 90% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,710

1 BR

$1,950

2 BR

$2,480

3 BR

$3,100

4 BR+

$3,340

Research median

$2,480/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 01002 is at its highest level since Zillow's records here began in August 2023.

Past year vs. the rest of Massachusetts

Rent in ZIP 01002 changed +5.3% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 5 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($70,818) is $1,770 a month. That covers HUD's Fair Market Rent for up to a studio ($1,710); a 1-bedroom is $1,950.

Cheaper nearby

ZIP 01060, 9 miles away, rents for 20% less ($2,355/mo), about $7,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01002. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$35,484/yr

At $2,957/mo median

Location

CityAmherst

StateMA

CountyHampshire County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.3% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 01002 (Amherst, MA) is roughly split between renters and owners, skews toward younger working-age adults, 75.4% of residents hold a bachelor's degree or higher.

Population

26,370

Median income

$70,818

Median age

Renters

53.1%

Age distribution

45.8%

16.9%

16.5%

Under 1811.6%

18–3445.8%

35–5416.9%

55–649.2%

65+16.5%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

70.2%

White70.2%

Black5%

Hispanic10.2%

Asian9.9%

Other4.7%

Education (25+)

13.6%

75.4%

No HS diploma3%

HS diploma8%

Some college13.6%

Bachelor's+75.4%

Housing tenure

46.9%

53.1%

Owner46.9%

Renter53.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 01002 in Amherst, MA has changed in 5 years

Income

$65,013 → $70,818

up 8.9%

Population

27,323 → 26,370

down 3.5%

Renter share

52.3% → 53.1%

+0.8 pts

Bachelor's+

71.4% → 75.4%

+4.0 pts

Median age

25.3 → 27

+1.7 yrs

Census figures show median household income at $70,818 today, compared with $65,013 five years earlier. Headcount in the area went from 27,323 to 26,370 between 2021 and 2024, a 3.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 71.4% to 75.4%.

Community

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Local insights

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About renting in ZIP 01002

Last updated: October 17, 2026

ZIP code 01002 covers Amherst, MA. The median rent here is $2,957/mo as of October 2026. A 1-bedroom rents for a median of $1,950/mo. A 2-bedroom rents for a median of $2,480/mo.

At 50% of local median household income ($70,818/yr), ZIP 01002 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01002?

To keep rent at or below 30% of gross income, you would need to earn at least $118,000/year (about $57/hour full-time) to afford the median rent of $2,957/mo in ZIP 01002. The local median household income is $70,818/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 01002?

Rent in ZIP 01002 has risen 5.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in August 2023.

How does ZIP 01002 compare to other ZIPs in Massachusetts?

ZIP 01002 is one of the pricier among Massachusetts ZIP codes for rent, ranking #53 of 164 at $2,957/mo. Over the year to September 2026, rent in ZIP 01002 changed +5.3%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.