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The median home value in Springfield, Massachusetts, is $129,100. Home appreciation is -14.71% over the last 10 years. The median age of Springfield, Massachusetts, real estate is 66 years.

Springfield, Massachusetts Apartments and Rentals

Renters make up 47.38% of the Springfield, Massachusetts, population. 9.16% of houses and apartments in Springfield, Massachusetts, are unoccupied (vacancy rate).

  HOUSINGSpringfield, MassachusettsUnited States
  Median Home Age  6637
  Median Home Cost  $129,100$185,800
  Home Appr. Last 12 months  0.53%3.74%
  Home Appr. Last 5 yrs.  -6.40%16.02%
  Home Appr. Last 10 yrs.  -14.71%-0.68%
  Property Tax Rate  $16.71$11.80
  Homes Owned  43.46%56.34%
  Housing Vacant  9.16%12.45%
  Homes Rented  47.38%31.21%
  Studio Apartment  $663$712
  1 Bedroom Home or Apartment  $811$825
  2 Bedroom Home or Apartment  $1,003$1,027
  3 Bedroom Home or Apartment  $1,247$1,379
  4 Bedroom Home or Apartment  $1,523$1,601
  Vacant For Rent  2.83%2.34%
  Vacant Rented  0.40%0.46%
  Vacant For Sale  0.74%1.20%
  Vacant Sold  0.04%0.46%
  Vacant Vacation  0.38%3.97%
  Vacant Other  4.78%4.02%
  Less Than $20,000  4.00%4.57%
  $20,000 to $39,999  0.62%3.37%
  $40,000 to $59,999  1.27%4.19%
  $60,000 to $79,999  2.01%5.74%
  $80,000 to $99,999  6.77%6.79%
  $100,000 to $149,999  38.49%15.19%
  $150,000 to $199,999  29.61%14.69%
  $200,000 to $299,999  12.29%18.15%
  $300,000 to $399,999  3.65%10.43%
  $400,000 to $499,999  0.32%5.70%
  $500,000 to $749,999  0.44%6.39%
  $750,000 to $999,999  0.28%2.41%
  $1,000,000 or more  0.28%2.39%

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New resident, and I love it - 3/14/2017
This city has a bad rep that is unwarranted. I just bought a terrific little house in a quiet and friendly neighborhood. Everywhere I go in this town, people are... (Read More)

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City of Homes - 8/13/2014
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 - 6/10/2013
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)

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