Populations in Southwestern MA

and how they influence the housing market

by: Joe Roque and Seth Carne

 Western Massachusetts Map

50 Southwestern
MA towns below
line
Western Mass Demographics
Counties in Western MA
Berkshire, Franklin, Hampshire, and Hampden
The Largest Cities in Western MA
Total Populations
2000 Population- 615,402 residents
Total Residential House Value: $7,934,171

Populations 2013 Population- 633,115 residents

Amherst-36,247
Total Residential House Value: $13,699,387
Springfield-155,580
Northampton-28,528
Chicopee-55,915
Agawam-28,485
Pittsfield-42,424
West Springfield-28,137
Westfield-42,133
Ludlow-22,165
Holyoke-40,400
Greenfield- 17,844
Categories
Populations 2000, 2010, 2013

Total Houses 2000, 2010

Median House Value 2000, 2013

Median Household Income 2000, 2013

Variables and Hypothesis
Independent Variable
Towns and cities in Southwestern MA
Dependent Variables
Population growth will
increase the value of
houses in southwestern
MA.

Population, Total Houses, House

Values, Household Incomes
Descriptives
Town with lowest Pop. 2000: Tyringham

2010: Tyringham

Town with highest Pop. 2000: Springfield

2010: Springfield

Town with lowest house total 2000:

Washington 2010: Tyringham

Town with highest house total 2000:

Springfield 2010: Springfield
Descriptives Relationship between House Value and Income:
House Value increased 57%
Income increased 76%
Based on mean values

Descriptive Statistics

N M M M Std.
in ax ea Devi
i i n atio
m m n
u u
m m

MedianHouse 5 8 2 15 38,5
Value2000 0 6, 9 3, 68.7
5 3, 67 09
0 8 2.
0 0 00
0

MedianHouse 5 1 5 26 67,1
Correlations
The variables are
significant. Some are
more significant than
others.

The population in 2000

increases, the total
houses in 2000
increased.

The population in 2013

increased but the total
median house value in
2013 decreased

The population in 2000

and 2013 increased as
the median household
income decreased.
Graphs

There is a weak negative correlation between There is a positive correlation for the
Pop2000 and Median House Value 2000. The population 2010 and total houses 2010
data is all spread out
Graphs

There is a weak correlations between the two variable for both graphs. Also the graphs
looks the same which means not much has changed within those 13 years.
Graphs Population, Value, and Income for 2000

Population, Value, and Income for 2013

t-test

The median House Value in 2000 had a bigger mean difference than the Median House value in 2013

The Estimated Median Household income in 2013 had a bigger mean difference than the Estimated Median
Household in 2000

Population was higher in 2013 than in 2000

Results
The hypothesis was supported.
Population did grow and
increased the residential value of
the region.
Results
2000 Population- 615,402 residents ?
$13 a person
Total Median Residential Value: 2026- ?
$7,934,171 Pop. 650,828
If continued at rate
Value: $19,464,603 ?
2013 Population- 633,115 residents $33 a person
$22 a person
Total Median Residential Value:
?
$13,699,387 ?

With a 59% increase in value, it

shows exponential growth in the
southwestern region of MA. By
2026, there could be a 66%
increase.

The region is increasing in wealth.

Larger populations?
Who moves here?
Limitations
Some of the data was not found so that can
vary the results

The Census was not specific if the total number

of houses include apartments and condos

For further research instead of just looking at

the years (2000, 2010, 2013) total averages
for median house value and compare each
month as well.
Bibliography
http://www.massachusetts-demographics.com/

http://www.census.gov/prod/cen2000/phc-2-23.pdf

http://censusviewer.com/cities/MA

http://www.neighborhoodscout.com/ma/agawam/rates/

http://www.census.gov/prod/cen2010/cph-2-23.pdf

https://www.sec.state.ma.us/sec/census/index.htm

http://www2.census.gov/census_2000/datasets/demographic_profile/Massachusett
s/2kh25.pdf