Springfield, MA 01138 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Springfield, MA — 01138
Median Listing Price
--
Population
--
Households
184,471
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
198K
units
Occupied
184,471
93.4%
Vacant
13,120
6.6%
2024 Tenure
184K
occupied
Owner
114,780
62.2%
Renter
69,691
37.8%
Renter Share
37.8%
0.0% YoY
Total Housing Units
197,591
+0.2% YoY
County Demographics
Median Age
40.0
2024
Population
Hampden County Population
464,151
+0.4% YoY
Households
Total Households
184,471
+0.1% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.44
0.0% YoY
Age
2024 Age Mix
463K
residents
Under 18
96,761
20.9%
Adults 18–64
281,531
60.8%
65 & Over
84,523
18.3%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
91.7%
Moved (within US)
7.7%
Other
0.6%
Veterans
5.5%
-3.5% YoY
County Economy
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
of workers
Drove alone
76.0%
Public transit
1.6%
Worked from home
10.5%
Other
11.9%
Worked From Home
10.5%
+11.7% YoY
Mean Commute
22.70
-0.9% YoY
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