Housing in Springfield, Massachusetts
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| Median Home Age | 65 | 37 |
| Median Home Cost | $123,000 | $170,100 |
| Home Appr. Last 12 months | 0.50% | 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 Owned | 44.72% | 57.34% |
| Housing Vacant | 10.25% | 12.47% |
| Homes Rented | 45.02% | 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 Rent | 0.02943 | 0.02503 |
| Vancant Rented | 0.00366 | 0.00457 |
| Vancant For Sale | 0.0099 | 0.01379 |
| Vancant Sold | 0.00132 | 0.00457 |
| Vancant Vacation | 0.00302 | 0.03809 |
| Vancant Other | 0.0552 | 0.03865 |
| VALUE OF OWNER-OCCUPIED HOUSING | | |
| Less Than $20,000 | 1.81% | 3.30% |
| $20,000 to $39,999 | 1.35% | 3.44% |
| $40,000 to $59,999 | 0.91% | 4.18% |
| $60,000 to $79,999 | 2.85% | 5.80% |
| $80,000 to $99,999 | 6.05% | 7.08% |
| $100,000 to $149,999 | 34.72% | 15.77% |
| $150,000 to $199,999 | 35.16% | 15.03% |
| $200,000 to $299,999 | 13.06% | 18.50% |
| $300,000 to $399,999 | 2.45% | 10.39% |
| $400,000 to $499,999 | 0.66% | 5.66% |
| $500,000 to $749,999 | 0.54% | 6.39% |
| $750,000 to $999,999 | 0.25% | 2.28% |
| $1,000,000 or more | 0.18% | 2.18% |
| HOUSING UNITS BY YEAR STRUCTURE BUILT | | |
| 2010 and newer | 0.08% | 0.29% |
| 2000 to 2009 | 3.10% | 14.18% |
| 1990 to 1999 | 2.28% | 13.96% |
| 1980 to 1989 | 6.29% | 13.99% |
| 1970 to 1979 | 9.69% | 16.09% |
| 1960 to 1969 | 2.28% | 13.96% |
| 1950 to 1959 | 16.33% | 11.05% |
| 1940 to 1949 | 9.79% | 5.59% |
| 1939 or Earlier | 43.53% | 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
