Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

38
Posts
12
Votes
Ryan Breen
  • Contractor
  • Holyoke, MA
12
Votes |
38
Posts

Upcoming casino in Springfield MA

Ryan Breen
  • Contractor
  • Holyoke, MA
Posted

I grew up in Holyoke, MA, 20 minutes from Springfield MA where a brand new casino is scheduled to open sometime this year. I am fond of buying my first property (so far thinking multi family) in Holyoke to stay local to my family. Planning on living in one unit and renting other. There are usually a handful of multi families for sale in Holyoke at a decent price. And there are neighborhoods from bad to ok to great. Springfield seems to always have a large number for sale at a low price. But Springfield has many more bad neighborhoods but some are okay/some nice. But overall more crime/traffic. Much more city like. I am wondering how Holyoke’s housing market could react to this huge casino right nearby. And how Springfield’s will react. Would an increase in price of the homes in Springfield due to a huge increase in jobs people moving there? Or maybe Holyoke’s will as well since is is easy driving Distance for a job. I personally wouldn’t want to live in Springfield and would prefer a home/rental in Holyoke or a surrounding city. Just curious to some of your thoughts seeing as this is a huge change being made so close and I have yet to make any actions. I appreciate the input, thanks! 

Most Popular Reply

User Stats

38
Posts
12
Votes
Ryan Breen
  • Contractor
  • Holyoke, MA
12
Votes |
38
Posts
Ryan Breen
  • Contractor
  • Holyoke, MA
Replied

@Steve Bracero I woulf prefer Holyoke. Springfield is not where I want to live but I was curious about how the market there will react as well as surrounding markets. I also would not mind chicopee, West Springfield, South Hadley, eathampton. Chicopee seems to be similar pricing and number of multi families whole the others I listed are much more expensive and less multi families. Therefore I have mainly been browsing Holyoke and Chicopee but the prices and number of home sales in Springfield does tend to draw me in but commuting from there’s and the quality of neighborhoods turns me away 

Loading replies...