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Housing in Springfield, Massachusetts

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HousingSpringfield, MAUnited States
Median Home Age6537
Median Home Cost$123,000$170,100
Home Appr. Last 12 months0.50%4.90%
Home Appr. Last 5 yrs.-5.30%-4.60%
Home Appr. Last 10 yrs.14.40%12.70%
Property Tax Rate$15.51$12.07
Homes Owned44.72%57.34%
Housing Vacant10.25%12.47%
Homes Rented45.02%30.19%
AVERAGE RENT FOR HOME OR APARTMENT
Studio Apartment$639$661
1 Bedroom Home or Apartment$767$765
2 Bedroom Home or Apartment$959$957
3 Bedroom Home or Apartment$1,198$1,289
4 Bedroom Home or Apartment$1,364$1,490
VACANT HOUSING
Vancant For Rent0.029430.02503
Vancant Rented0.003660.00457
Vancant For Sale0.00990.01379
Vancant Sold0.001320.00457
Vancant Vacation0.003020.03809
Vancant Other0.05520.03865
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,0001.81%3.30%
$20,000 to $39,9991.35%3.44%
$40,000 to $59,9990.91%4.18%
$60,000 to $79,9992.85%5.80%
$80,000 to $99,9996.05%7.08%
$100,000 to $149,99934.72%15.77%
$150,000 to $199,99935.16%15.03%
$200,000 to $299,99913.06%18.50%
$300,000 to $399,9992.45%10.39%
$400,000 to $499,9990.66%5.66%
$500,000 to $749,9990.54%6.39%
$750,000 to $999,9990.25%2.28%
$1,000,000 or more0.18%2.18%
HOUSING UNITS BY YEAR STRUCTURE BUILT
2010 and newer0.08%0.29%
2000 to 20093.10%14.18%
1990 to 19992.28%13.96%
1980 to 19896.29%13.99%
1970 to 19799.69%16.09%
1960 to 19692.28%13.96%
1950 to 195916.33%11.05%
1940 to 19499.79%5.59%
1939 or Earlier43.53%13.68%

The median home value in Springfield, MA, is $123,000. Home appreciation is 0.50% over the last year. The median age of Springfield, MA, real estate is 65 years.

Springfield, MA Apartments and Rentals

Renters make up 45.02% of the Springfield, MA, population. 10.25% of houses and apartments in Springfield, MA, are unoccupied (vacancy rate).


Springfield Housing SperlingViews

City of Homes: I just moved to Springfield almost a year now. I moved there because I know the housing stock there is plentiful. It's also very affordable. The most affordable place to... (read more)demographics: I just wanted to correct the demographic info presented on this site. As of the 2010 census, the breakdown for Springfield, MA as listed on the Springfield, MA city... (read more)Expensive, but some of the cheapiest in New Englan: Springfield has a gluttony of very nice houses, and the prices are much more affordable than other metro areas in New England. We moved to Springfield from Boston and... (read more)Have an opinion about Springfield? Leave a commentTo See All SperlingViews for Springfield Click Here