HomeMassachusettsHampden County
Hampden County, Massachusetts: commercial real estate data.
Hampden County, Massachusetts has a population of 462,815 across 617 square miles, down 0.4 percent since the 2020 census base. County output reached $30.60 bn in 2024, 9,339 establishments operate here, and the SBA record carries 398 7(a) approvals worth $134.5 m.
123 sourced county values · tier FULL · 11 sections
Hampden County
How many people live in Hampden County
- Population462,815
- Households184,471
- Average household size2.51
- Median household income$71,306
- Median age40.0
- Median gross rent$1,136 per month
- Median owner-occupied home value$298,800
- Home value to household income4.2 times
- Annual rent as a share of median income19.1 percent
- Adults 25 and over with a bachelor degree or higher29.3 percent
- Adults 25 and over with a graduate degree12.1 percent
- Adults 25 and over320,931
- Population under 1896,761
- Share under 1820.9 percent
- Population 65 and over84,523
- Share 65 and over18.3 percent
- Working age population, 18 to 64281,531
- Civilian labor force226,771
- Unemployment rate6.0 percent
- Labor force participation, adults 18 and over62.0 percent
- Rank by population among Massachusetts counties8th of 14
- Rank by population among US county-equivalents157th
Hampden County is the 8th largest of 14 Massachusetts counties by population. A median home costs 4.2 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 20.9 percent against 18.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hampden County
Is Hampden County growing
- Population change since the 2020 census base-0.36 percent
- Census 2020 base population465,833
- Births, 20244,764
- Deaths, 20244,966
- Natural change, 2024-202
- Net domestic migration, 2024-748
- Net international migration, 20242,959
- Total net migration, 20242,211
- Cumulative net domestic migration, 2021 to 2024-6,788
- Rank by growth among US county-equivalents1972nd
The county has lost 0.36 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Hampden County
Where people moving to Hampden County come from
- Tax returns filed by households arriving7,064
- People arriving, from those returns11,489
- Adjusted gross income arriving$433.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$61,357
- Largest single originHampden County Non-migrants (185,752 households)
- Largest single destination (185,752 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hampden County Non-migrants | 185,752 | 348,421 | $14.15 bn |
| Other flows - Different State | 1,955 | 3,321 | $114.5 m |
| Hampshire County | 1,300 | 2,028 | $74.2 m |
| Other flows - South | 788 | 1,449 | $43.4 m |
| Capitol Planning Region | 779 | 1,202 | $57.5 m |
| Other flows - Northeast | 645 | 986 | $38.5 m |
| Worcester County | 619 | 1,048 | $37.6 m |
| Other flows - West | 299 | 517 | $20.9 m |
The largest single source of arrivals is Hampden County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Hampden County
What the Hampden County economy runs on
- County GDP, 2024$30.60 bn
- County GDP, 2023$29.22 bn
- GDP change, 2023 to 20244.7 percent
- GDP change over five years26.9 percent
- Rank by GDP among Massachusetts counties8th
- Rank by GDP among US county-equivalents193rd
- GDP per resident$66,113
Output grew 4.7 percent in the latest year and 26.9 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Hampden County
Who employs people in Hampden County
- Covered employment, annual average202,129
- Establishments reporting18,727
- Average annual pay$62,834
- Average weekly wage$1,208
- Sector 62, employment52,939
- Sector 62, average annual pay$58,014
- Sector 44-45, employment19,022
- Sector 44-45, average annual pay$40,582
- Sector 31-33, employment17,109
- Sector 31-33, average annual pay$73,838
- Sector 72, employment15,958
- Sector 72, average annual pay$27,982
- Sector 23, employment8,025
- Sector 48-49, employment7,560
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 52,939 | 10,010 | $58,014 |
| Sector 44-45 | 19,022 | 1,356 | $40,582 |
| Sector 31-33 | 17,109 | 501 | $73,838 |
| Sector 72 | 15,958 | 815 | $27,982 |
| Sector 23 | 8,025 | 920 | $86,772 |
| Sector 48-49 | 7,560 | 316 | $54,160 |
| Sector 56 | 6,782 | 608 | $50,759 |
| Sector 52 | 6,686 | 460 | $133,702 |
The largest sector is the biggest private employer group at 52,939 jobs, 26.2 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Hampden County
What businesses operate in Hampden County
- Establishments, all industries9,339
- Employment at those establishments168,744
- Annual payroll$9.62 bn
- Establishments per 1,000 residents20.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Hampden County
What is being built in Hampden County
- Housing units authorised by permit, 2024443
- Declared construction value permitted$115.8 m
- Single family units authorised289
- Multifamily units authorised154
- Multifamily share of units34.8 percent
- Average declared value per unit$261,467
- Units authorised per 1,000 households2.4
Multifamily is 34.8 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hampden County
How much SBA lending happens in Hampden County
- 7(a) approvals recorded398
- 7(a) gross approval dollars$134.5 m
- Average 7(a) approval$337,870
- Median 7(a) approval$100,000
- 10th percentile approval$20,000
- 90th percentile approval$780,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)4,126
- Jobs per approval10.4
- Distinct 7(a) lenders active55
- Distinct industries receiving approvals168
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer6.8 percent
- Loans on real estate terms27
- Loans on working capital terms, 120 months or shorter358
- Franchise loans27
- Franchise share of approvals6.8 percent
- Leading industry by approval countLimited-Service Restaurants (19)
- Most active lenderTD Bank, National Association (111)
- 504 approvals recorded173
- 504 gross approval dollars$108.2 m
- Average 504 approval$625,705
- Median 504 approval$296,000
- Distinct CDCs active4
- 504 jobs per approval7.6
- 504 jobs per million dollars approved12.1
- Most active CDCGranite State Economic Development Corporation (96)
- 7(a) share of SBA approvals69.7 percent
- Combined SBA approval dollars$242.7 m
The average approval of $337,870 sits well above the median of $100,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 6.8 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hampden County
Do SBA loans in Hampden County get paid back
- Loans with a final outcome recorded62
- Paid in full53
- Charged off9
- Charge off rate on resolved loans14.5 percent
- Status: Exempt from disclosure259
- Status: Paid in full53
- Status: Cancelled56
- Status: Charged off9
- Status: Committed, not yet disbursed21
Of the 62 loans that have reached a final outcome, 14.5 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hampden County
Which parts of Hampden County get the lending
- Places in the county with recorded lending22
- SPRINGFIELD, approvals113
- West Springfield, approvals51
- Westfield, approvals43
- Chicopee, approvals37
- HOLYOKE, approvals24
- EAST LONGMEADOW, approvals21
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SPRINGFIELD | 113 | $32,579,000 |
| West Springfield | 51 | $20,953,900 |
| Westfield | 43 | $13,190,000 |
| Chicopee | 37 | $14,724,900 |
| HOLYOKE | 24 | $9,542,500 |
| EAST LONGMEADOW | 21 | $11,779,300 |
| LONGMEADOW | 15 | $1,081,000 |
| LUDLOW | 15 | $6,967,700 |
SPRINGFIELD accounts for 113 approvals against 51 in West Springfield. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hampden County
How big is Hampden County
- Land area617 sq mi
- Rank by land area among Massachusetts counties6th of 14
- Width, east to west48 mi
- Height, north to south23.1 mi
- Geographies sharing a boundary3
- Residents per square mile of land750
- Establishments per square mile15.14
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Hampden County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Hampden County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population462,815
- Households184,471
- Average household size2.51
- Median household income$71,306
- Median age40.0
Common questions
Hampden County questions, answered from the record.
How many people live in Hampden County, Massachusetts?
462,815, in 184,471 households, ranking 8th of 14 Massachusetts counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hampden County growing?
The population has fallen 0.36 percent since the 2020 census base. In 2024 there were 4,764 births against 4,966 deaths, with net migration of 2,211. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hampden County?
$71,306. The median owner-occupied home is valued at $298,800, which is 4.2 times income, and median gross rent is $1,136 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hampden County?
9,339 establishments, employing 168,744 people with an annual payroll of $9.62 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Hampden County?
Average annual pay is $62,834, or $1,208 a week, across 202,129 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hampden County?
398 7(a) approvals totalling $134.5 m since FY2020, across 55 lenders, with a median approval of $100,000, plus 173 504 approvals worth $108.2 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hampden County get paid back?
Of the 62 loans that have reached a final outcome, 53 were paid in full and 9 charged off, a charge off rate of 14.5 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Hampden County?
443 housing units were authorised by permit in 2024, with a declared construction value of $115.8 m. Multifamily was 34.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hampden County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Hampden County come from?
The largest single origin is Hampden County Non-migrants, with 185,752 households. Arriving households report an average income of $61,357 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Hampden County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Hampden County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.