Zip 01105 (Springfield, MA) Housing

The housing market in 01105 Springfield, MA is doing well. The median value of a house in the area is $193,900 which is significantly lower than the national median value of $338,100. The 1 year house appreciation rate for the US is 8.27%, but in this area it is 11.32%. These high appreciation rates indicate that the housing market here is strong and may be a good opportunity for prospective home buyers.

The median home cost in Springfield (zip 01105) is $193,900. Home appreciation the last 10 years has been 82.9%. Home Appreciation in Springfield (zip 01105) is up 15.6%.

Average Age of Homes

- The median age of Springfield (zip 01105) real estate is 78 years old

The Rental Market in Springfield (zip 01105)

- Renters make up 78.3% of the Springfield (zip 01105) population
- 4.5% of houses and apartments in Springfield (zip 01105), 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
	5,728.0	139,647,020.0
	63	42
	$193,900	$338,100
	15.6%	16.6%
	60.6%	57.0%
	82.9%	101.1%
	$16.48	$10.98
	$2,946	$2,690
	8.0%	57.4%
	9.1%	11.2%
	82.9%	31.4%
Vacant Housing
	4.5%	1.9%
	0.3%	0.4%
	1.0%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	6.6%	2.6%
	0.0%	2.4%
	1.5%	2.8%
	11.8%	3.9%
	2.6%	4.5%
	13.1%	11.3%
	33.6%	13.0%
	19.0%	20.1%
	5.5%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	6.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	2.6%	13.6%
	2.6%	13.6%
	1.9%	13.6%
	8.9%	13.2%
	14.1%	14.8%
	1.9%	13.6%
	5.4%	10.0%
	6.0%	4.7%
	51.5%	12.2%

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