Zip 01107 (Springfield, MA) Housing

The housing market in 01107 Springfield, MA is thriving. The median value of housing in the area is currently $245,000, which is significantly lower than the national median of $338,100. Furthermore, the one year appreciation rate for housing in the region is 11.32%, much higher than the US average of 8.27%. This data suggests that real estate investments in Springfield are booming and may be a prime opportunity for potential buyers to get into the market or sellers to take advantage of increased property values.

The median home cost in Springfield (zip 01107) is $245,000. Home appreciation the last 10 years has been 82.9%. Home Appreciation in Springfield (zip 01107) is up 15.6%.

Average Age of Homes

- The median age of Springfield (zip 01107) real estate is 73 years old

The Rental Market in Springfield (zip 01107)

- Renters make up 68.7% of the Springfield (zip 01107) population
- 3.1% of houses and apartments in Springfield (zip 01107), 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
	4,708.0	139,647,020.0
	63	42
	$245,000	$338,100
	15.6%	16.6%
	60.6%	57.0%
	82.9%	101.1%
	$17.76	$10.98
	$2,885	$2,690
	27.4%	57.4%
	10.1%	11.2%
	62.6%	31.4%
Vacant Housing
	3.1%	1.9%
	2.2%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	6.7%	2.6%
	0.0%	2.4%
	1.6%	2.8%
	0.0%	3.9%
	3.1%	4.5%
	25.1%	11.3%
	32.0%	13.0%
	22.7%	20.1%
	2.9%	13.6%
	3.3%	8.3%
	1.9%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.1%	13.6%
	1.1%	13.6%
	2.9%	13.6%
	3.5%	13.2%
	8.7%	14.8%
	2.9%	13.6%
	3.7%	10.0%
	12.1%	4.7%
	53.6%	12.2%

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