Interested in purchasing investment houses in the 01340 zip code in Colrain, MA?
The zip code 01340 is in Franklin county with a latitude of -72.717970000000 and longitude of 42.683190000000, is in the state of Massachusetts. The average asking price of houses and condos is $183,652.00 and the average sale price was $206,250.00. this regions is classified as the Springfield, MA metro area and is in the 413 area code. The location in degrees is 42° 40' 59.484" N, 72° 43' 4.692" W. The county F.I.P.S. is 25011. The total land area is 44.2 square miles and the water area is 0.3 square miles. The elevation in this area is 627 - 1611 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 01340 is in county number 011 and is L. Sector 00, L. Segment 03, H. Sector 60, and H. Segment 60. The population was 1,798 in 2019 and 1,701 in 2010. This further breaks down to 884 males (49.2%) and 914 females (50.8%). The median age of residents is 53.4 years. The population of the greater Springfield, MA area is 691,379. The population density (people per square mile) is 41. This zip code has a combined total of 1,042 houses and condos. There are 129 rented appartments. 17% of residents rent versus the 17% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $47,425 and the average salary is $40,399. The median household income of individuals is $52,577.00 and the average is $57,920.00. This zip code has a mean commute time to work of 30.7 minutes. The unemployment rate is 3.5%. Income earners by percent breakdown as 46.70% (Under $50,000), 40.20% ($50,000-$100,000), and 13.00% earn over $100,000. 10.5% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 88.2. The educational breakdown is 95.1% have a high school education or higher, 34.4% have a bachelor's degree or higher, and 16.0% have some kind of profesional degree.
This area has 700 households and the average size is 2.3 people. Individuals who are single and have never been married are 27.6%, 52.2% are now married, 1.9% are separated, 3.7% are widowed, and 14.5% are divorced. The average yearly contribution amount given by people to charity was $1,779 versus the state average of $4,208. The percent of residents who gave to charity was 20.4%.
The estimated median value of houses and condos is $240,721. The median monthly owner costs of mortgage holders was $1,475, where as the costs for those who don't have a mortgage are $618. The median number of rooms in houses and condos are 6.1 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $3,689. In comparision, the average real estate tax percent rate in the state is 1.2% which equated to an average real estate tax amount payment in the state of $4,899. The median housing property tax percent for residents with mortgages was 1.7% which amounted to an average tax amount of $3,643. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $3,732. Reported taxable interest for persons was $759, dividends $4,015, capital gains +$2,186, and itemized deductions $16,621. The average earned income tax credit is $2,017. The percent of individuals that use a tax preparer is 58.1%. The total average income taxes paid by individuals was $7,714. Businesses reported an average profit of $12,211.
Blue Rock Restaurant & Bar
1 Ashfield St, Shelburne Falls, MA 01370 (5.3 miles away)
Pete's Seafood Restaurant
54 School St, Greenfield, MA 01301 (7.5 miles away)
Zeke's Smokehouse Grill
87 Parmenter Rd, Bernardston, MA 01337 (7.7 miles away)
Spoonwood Cabin Creamery
3090 Vt Route 100, Jacksonville, VT 05342 (8 miles away)
Berkshire Pizzeria
72 Main St, Charlemont, MA 01339 (9.7 miles away)
Ristorante Dipaolo
166 Avenue A, Turners Falls, MA 01376 (10.4 miles away)