Home Insurance in Chicopee, Massachusetts
The median home value in Chicopee is $274,500, 8% lower than the Hampden County median.
The typical home in Chicopee was built around 1958. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 53% of homes were built before 1960, in line with Hampden County (52%).
The housing stock in Chicopee is 54% single-family homes, 19% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 62% of owner-occupied homes in Chicopee have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Chicopee has an owner-occupancy rate of 56% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Chicopee, 42% of homes are primarily heated with natural gas.
Hampden County's top FEMA-rated hazard is inland flooding (Relatively High), per FEMA's National Risk Index. Hampden County had 615 active NFIP flood policies as of September 2026. See the full Hampden County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Massachusetts is $2,134 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $274,500 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 56% |
| Share of owner-occupied homes with a mortgage | 62% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Hampden County | 615 |
| Home insurance premium | $2,134 - statewide average (NAIC, 2023 data) |
Nearby towns
- Holyoke
- Springfield
- West Springfield Town
- Easthampton
- Agawam Town
- Westfield
- Northampton
- Amherst Town
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)