What is the rental yield in Owen District, Westfield, Massachusetts?

The gross yield in Owen District, Westfield, Massachusetts is 6.3. Prices are in line with the city median and about 40% below the state median, with a 0.4% increase over the past year. The Red Flag score is 81, which is a major factor to consider.

How does Owen District compare with Westfield, Massachusetts overall?

Owen District, Westfield, Massachusetts is priced in line with the city median and about 40% below the state median. It has a gross yield of 6.3, walkability of 26, and education in the 71st percentile. The Red Flag score of 81 is the clearest difference versus a lower-risk profile.

What are the walkability and education scores in Owen District, Westfield, Massachusetts?

Owen District, Westfield, Massachusetts has walkability of 26 and education in the 71st percentile. Those numbers sit alongside a gross yield of 6.3 and prices about 40% below the state median. The Red Flag score is 81, and prices were up 0.4% over the past year.

Neighborhood

Owen District

Westfield, Massachusetts US

Owen District, Westfield, Massachusetts is a yield-oriented market with a gross yield of 6.3 and prices in line with the city median and about 40% below the state median. Prices were up 0.4% over the past year, but the Red Flag score of 81 points to high overall risk. Walkability is 26, while education is in the 71st percentile.

AI Summary•Updated May 2026

Area

11.74 mi²

ZIP Code

01085

County

Hampden County

State

Massachusetts

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesEPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$371,890

YoY+0.4%

Gross Rental Yield

6.3%

Listed rent · ZORI annualized

Red Flag Index

Very High

81 / 100

Walkability Score

Car-Dependent

OpenStreetMap POI density · national percentile

Education Score

71 / 100

Excellent · better than 71% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Owen District Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Owen District, Westfield.

Unlock the Owen District 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$371,890	+0.4%
Price / Sq Ft (Verified)	$229/sqft	-0.9%
Asking Rent (Median)	$1,948/mo	+2.9%
Gross Rental Yield	6.3%	—
Liquidity Score	26 / 100	Low
Homes Sold (Period)	63	-33.7%

Is Owen District Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Massachusetts crime context.

Red Flag Breakdown

81 / 100

Very High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Hurricane100Very High

Wildfire80Very High

Strong Wind80Very High

Hail80Very High

Earthquake60High

Tornado60High

Heat60High

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Massachusetts averaged 14.3 crimes and 3.1 violent per 1,000 residents (+0.1% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 6.3%

Active transaction volume — 63 homes sold last period

Flood risk is Very High (100/100)

Hurricane risk is Very High (100/100)

Insights are generated from Owen District's live DistrictScore metrics.

Owen District Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Massachusetts-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Massachusetts Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	14.3	3.1	+0.1%
2023	14.4	3.2	+4.2%
2022	14.0	3.2	+7.4%
2021	13.0	3.0	-3.1%
2020	13.6	3.1	-9.8%
2019	15.1	3.3	—

Reported at the state level — the finest official US crime aggregation; Owen District inherits the Massachusetts figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Owen District

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor10 nearbyVery High

Aviation noise66 dBHigh

Point-source screening near Owen District: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Owen District

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

26

Car-Dependent

Walkability Score

5

Grocery

12

Dining

3

Schools

0

Universities

2

Hospitals

1

Pharmacies

12

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Owen District's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Owen District vs Westfield vs Massachusetts

How Owen District benchmarks against its city and state medians.

Benchmark vs City & State

Across Owen District, the median sale price sits in line with the median for Westfield neighborhoods and about 38% below the statewide median. Gross rental yield is 6.3%, against 6.3% for Westfield neighborhoods and 4.8% statewide. Over the past 12 months, prices were broadly flat. Transaction liquidity sits in line with the median for Westfield neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Owen District	$229/sqft	6.3%	26
Westfield	$229/sqft	6.3%	26
Massachusetts	$372/sqft	4.8%	20

Unlock the Owen District benchmark

Compare Owen District against Westfield and Massachusetts medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Massachusetts tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.95% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 5% (+4% surtax over $1M); rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $4.56 per $1,000.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

Conforms to 1031 but tracks deferred in-state gain after an out-of-state exchange.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Massachusetts property-tax guidance for foreign buyers

Latest Westfield Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Owen District Real Estate FAQ

Owen District, Westfield, Massachusetts offers a gross yield of 6.3 and prices about 40% below the state median. The Red Flag score is 81, which indicates high overall risk, even though prices were up 0.4% over the past year. Walkability is 26 and education is in the 71st percentile.

Neighborhoods near Owen District

Compare Owen District with nearby neighborhoods in Westfield.

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