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Springfield, Massachusetts

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $53K, +1.5% YoY (ZIP); renters hold 50.1% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −1.1% YoY. inventory, +64.2% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $298,870 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

18 ZIPs in this city:01101 01103 01104 01105 01107 01108 01109 01111 01115 01118 01119 01128 01129 01138 01139 01144 01152 01199

Median Listing Price

$299K

Population

145,090

54,105

Median Days on Market

Active Listings

173

New Listings

Housing Market

The median listing price is down 1.1% YoY while the median home got down 3.1% bigger, so value per square foot is up 0.8%.

Pricing

Median Listing Price

$299K-1.1% YoY

Average Listing Price

$313K+0.1% YoY

Price per Sq Ft

$213.318+0.8% YoY

Median Sq Ft

1,409-3.1% YoY

Inventory

Active Listings

173+21.8% YoY

New Listings

98+14.0% YoY

Total Listings

289+64.2% YoY

Buyer Competition

Pending Listings

116+241.2% YoY

Pending Ratio

0.68+192.5% YoY

Median Days on Market

44-28.7% YoY

Price Reduced

24.9%+11.3% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 197,591

198Kunits

Occupied184,47193.4%

Vacant13,1206.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 184,471

184Koccupied

Owner114,78062.2%

Renter69,69137.8%

Renter Share

37.8%0.0% YoY

Total Housing Units

197,591+0.2% YoY

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 50.1% of this ZIP's 54,105 occupied households, on a median household income of $53K.

Population & Age

Total Population

145,090+0.1% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 145,090

145Kresidents

Under 1835,19324.3%

Adults 18–6490,81262.6%

65 & Over19,08513.2%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

33.57+0.2% YoY

Population Under 18

35,193-1.5% YoY

Population 65 & Over

19,085+0.1% YoY

Households & Mobility

Total Households

54,105-0.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.57+0.2% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house90.9%

Moved (within US)8.4%

Other0.6%

Veterans

3.4%-9.4% YoY

Income & Poverty

Median Household Income

$53K+1.5% YoY

Per-Capita Income

$27K+1.3% YoY

Mean Household Income

$72K+1.9% YoY

Below Poverty Level

26.3%+2.1% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.3%

Public transit2.6%

Worked from home8.4%

Other17.7%

Worked From Home

8.4%+9.8% YoY

Mean Commute

19.96-3.4% YoY

Units & Tenure

Total Housing Units

58,234-0.7% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 58,234

58Kunits

Occupied54,10592.9%

Vacant4,1297.1%

2024 Tenure ⓘ

U.S. Census ACS · n = 54,105

54Khouseholds

Owner27,00149.9%

Renter27,10450.1%

Avg Household Size — Owner

2.72-0.2% YoY

Avg Household Size — Renter

2.42+0.7% YoY

County Demographics

County population is down 0.0% to 462,815: residents under 18 are down 0.8% and those 65 and over are up 2.4%.

Median Age

40.02024

Population

Hampden County Population

464,151+0.4% YoY

Households

Total Households

184,471+0.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.440.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 462,815

463Kresidents

Under 1896,76120.9%

Adults 18–64281,53160.8%

65 & Over84,52318.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

96,761-0.8% YoY

Population 65 & Over

84,523+2.4% YoY

Median Age

40.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house91.7%

Moved (within US)7.7%

Other0.6%

Veterans

5.5%-3.5% YoY

County Economy

County median household income is $71K, 16.3% of residents are below the poverty level, 10.5% work from home.

Income

Median Household Income

$71K+1.1% YoY

Per-Capita Income

$38K+1.1% YoY

Mean Household Income

$95K+0.9% YoY

Poverty

Below Poverty Level

16.3%+3.8% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone76.0%

Public transit1.6%

Worked from home10.5%

Other11.9%

Worked From Home

10.5%+11.7% YoY

Mean Commute

22.70-0.9% YoY

Done with Springfield? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Springfield, Massachusetts

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $53K, +1.5% YoY (ZIP); renters hold 50.1% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −1.1% YoY. inventory, +64.2% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

18 ZIPs in this city:01101 01103 01104 01105 01107 01108 01109 01111 01115 01118 01119 01128 01129 01138 01139 01144 01152 01199

Median Listing Price

$299K

Population

145,090

54,105

Median Days on Market

Active Listings

173

New Listings

Housing Market

The median listing price is down 1.1% YoY while the median home got down 3.1% bigger, so value per square foot is up 0.8%.

Pricing

Median Listing Price

$299K-1.1% YoY

Average Listing Price

$313K+0.1% YoY

Price per Sq Ft

$213.318+0.8% YoY

Median Sq Ft

1,409-3.1% YoY

Inventory

Active Listings

173+21.8% YoY

New Listings

98+14.0% YoY

Total Listings

289+64.2% YoY

Buyer Competition

Pending Listings

116+241.2% YoY

Pending Ratio

0.68+192.5% YoY

Median Days on Market

44-28.7% YoY

Price Reduced

24.9%+11.3% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 197,591

198Kunits

Occupied184,47193.4%

Vacant13,1206.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 184,471

184Koccupied

Owner114,78062.2%

Renter69,69137.8%

Renter Share

37.8%0.0% YoY

Total Housing Units

197,591+0.2% YoY

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 50.1% of this ZIP's 54,105 occupied households, on a median household income of $53K.

Population & Age

Total Population

145,090+0.1% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 145,090

145Kresidents

Under 1835,19324.3%

Adults 18–6490,81262.6%

65 & Over19,08513.2%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

33.57+0.2% YoY

Population Under 18

35,193-1.5% YoY

Population 65 & Over

19,085+0.1% YoY

Households & Mobility

Total Households

54,105-0.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.57+0.2% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house90.9%

Moved (within US)8.4%

Other0.6%

Veterans

3.4%-9.4% YoY

Income & Poverty

Median Household Income

$53K+1.5% YoY

Per-Capita Income

$27K+1.3% YoY

Mean Household Income

$72K+1.9% YoY

Below Poverty Level

26.3%+2.1% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.3%

Public transit2.6%

Worked from home8.4%

Other17.7%

Worked From Home

8.4%+9.8% YoY

Mean Commute

19.96-3.4% YoY

Units & Tenure

Total Housing Units

58,234-0.7% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 58,234

58Kunits

Occupied54,10592.9%

Vacant4,1297.1%

2024 Tenure ⓘ

U.S. Census ACS · n = 54,105

54Khouseholds

Owner27,00149.9%

Renter27,10450.1%

Avg Household Size — Owner

2.72-0.2% YoY

Avg Household Size — Renter

2.42+0.7% YoY

County Demographics

County population is down 0.0% to 462,815: residents under 18 are down 0.8% and those 65 and over are up 2.4%.

Median Age

40.02024

Population

Hampden County Population

464,151+0.4% YoY

Households

Total Households

184,471+0.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.440.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 462,815

463Kresidents

Under 1896,76120.9%

Adults 18–64281,53160.8%

65 & Over84,52318.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

96,761-0.8% YoY

Population 65 & Over

84,523+2.4% YoY

Median Age

40.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house91.7%

Moved (within US)7.7%

Other0.6%

Veterans

5.5%-3.5% YoY

County Economy

County median household income is $71K, 16.3% of residents are below the poverty level, 10.5% work from home.

Income

Median Household Income

$71K+1.1% YoY

Per-Capita Income

$38K+1.1% YoY

Mean Household Income

$95K+0.9% YoY

Poverty

Below Poverty Level

16.3%+3.8% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone76.0%

Public transit1.6%

Worked from home10.5%

Other11.9%

Worked From Home

10.5%+11.7% YoY

Mean Commute

22.70-0.9% YoY

Done with Springfield? Put it next to another market.