RentDataNowRentDataNow
ZIP Code · MA

ZIP 01040

Part of Holyoke, MA
Pop. 37,813·Hampden County·159th most expensive ZIP in Massachusetts
Median rent (all units)
$1,799/mo
Year-over-Year
Stable
Month-over-Month
+9.4%
vs US Median
-$166
Rising (Monthly)
Be the first to discuss 01040 rents ↓
Most AffordableMost Expensive
ZIP 01040 · $1,799
More affordable than 52% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,210
1 BR
$1,370
2 BR
$1,720
3 BR
$2,110
4 BR+
$2,280
Research median
$1,720/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$21,588/yr
At $1,799/mo median
Location
StateMA
CountyHampden County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +9.4% MoM), not inventory.
Demographics

Who lives here

ZIP 01040 (Holyoke, MA) is majority renter-occupied, has a large retiree population, has a median income below the national average, 25.9% of residents hold a bachelor's degree or higher.

Population
37,813
Median income
$53,605
Median age
40
Renters
58.7%
Age distribution
21.4%
22.9%
23.2%
12.4%
20.1%
Under 1821.4%
18–3422.9%
35–5423.2%
55–6412.4%
65+20.1%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
53.1%
52.4%
White53.1%
Black3.4%
Hispanic52.4%
Asian1.3%
Education (25+)
21.3%
28.9%
23.8%
25.9%
No HS diploma21.3%
HS diploma28.9%
Some college23.8%
Bachelor's+25.9%
Housing tenure
41.3%
58.7%
Owner41.3%
Renter58.7%

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

2021 vs 2026

How ZIP 01040 in Holyoke, MA has changed in 5 years

Income
$45,045 → $53,605
up 19.0%
Population
38,480 → 37,813
down 1.7%
Renter share
60.4% → 58.7%
-1.7 pts
Bachelor's+
22% → 25.9%
+3.9 pts
Median age
36.5 → 40
+3.5 yrs

Local incomes tracked alongside that move, going from a median of $45,045 in 2021 to $53,605 more recently. The population has contracted by 1.7% since 2021, moving from about 38,480 residents to roughly 37,813. Renters now make up 58.7% of households, compared with 60.4% five years ago. College-educated residents now make up 25.9% of adults here, versus 22% in 2021.

Community

Discussions about ZIP 01040

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 01040

About renting in ZIP 01040

Last updated: July 20, 2026

ZIP code 01040 covers Holyoke, MA. The median rent here is $1,799/mo as of July 2026. A 1-bedroom rents for a median of $1,370/mo. A 2-bedroom rents for a median of $1,720/mo.

At 40% of local median household income ($53,605/yr), ZIP 01040 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 01040?

As of July 20, 2026, the median monthly rent in ZIP 01040 (Holyoke, MA) is $1,799. This is based on aggregated data from public sources and community submissions.

How does ZIP 01040 rent compare to the US average?

ZIP 01040's median rent of $1,799/mo is $166 (8%) below the US national median of $1,965/mo.

How does ZIP 01040 compare to other ZIPs in Massachusetts?

ZIP 01040 is among the more affordable ZIP codes in Massachusetts, ranking #159 out of 168 ZIPs at $1,799/mo.

How much income do you need to rent in ZIP 01040?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,799/mo in ZIP 01040. The local median household income is $53,605/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 01040?

Rent in ZIP 01040 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 01040 an affordable place to rent?

ZIP 01040 is considered moderate for renters. At $1,799/mo, rent takes approximately 40% of the local median household income ($53,605/yr). The standard benchmark is 30%. ZIP 01040 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 01040 residents rent vs. own?

According to Census data, approximately 58.7% of ZIP 01040 households are renters, while 41.3% are owner-occupied. With a majority renter population, ZIP 01040 has a strong rental market.

How does ZIP 01040 compare to the rest of Holyoke?

ZIP 01040 sits right at the Holyoke citywide median of $1,799/mo.

When was rent data for ZIP 01040 last updated?

Rent data for ZIP 01040 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
40%
MODERATE

At $1,799/mo, rent takes ~40% of ZIP 01040's median household income ($53,605/yr). The standard benchmark is 30%.

ZIP 01040 40%Benchmark 30%
State income tax5%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 01040 (Holyoke, MA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.