Zip 01103 (Springfield, MA) Housing

The housing market in 01103 Springfield, MA is thriving. The median value of a home in the area is $149,700, which is less than the US median value of $338,100. However, this amount has increased by 11.32% in the past year, compared to the 8.27% increase seen nationally. This shows that the Springfield's housing market is strong and resilient to economic changes, making it an attractive option for prospective buyers.

The median home cost in Springfield (zip 01103) is $149,700. Home appreciation the last 10 years has been 82.9%. Home Appreciation in Springfield (zip 01103) is up 15.6%.

Average Age of Homes

- The median age of Springfield (zip 01103) real estate is 78 years old

The Rental Market in Springfield (zip 01103)

- Renters make up 76.7% of the Springfield (zip 01103) population
- 7.8% of houses and apartments in Springfield (zip 01103), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Springfield, Massachusetts	United States
	1,640.0	139,647,020.0
	63	42
	$149,700	$338,100
	15.6%	16.6%
	60.6%	57.0%
	82.9%	101.1%
	$16.00	$10.98
	$2,350	$2,690
	8.2%	57.4%
	12.6%	11.2%
	79.3%	31.4%
Vacant Housing
	7.8%	1.9%
	0.5%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.5%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	6.0%	3.9%
	11.9%	4.5%
	33.6%	11.3%
	21.6%	13.0%
	1.5%	20.1%
	25.4%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.6%	0.2%
	2.6%	13.6%
	2.6%	13.6%
	1.1%	13.6%
	2.5%	13.2%
	17.0%	14.8%
	1.1%	13.6%
	8.6%	10.0%
	4.8%	4.7%
	60.6%	12.2%

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