The story of this market
The typical home in Springfield, Massachusetts sells for about $307,000, or $205 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
Monthly price momentum
Home values since 2015
+2.5%
MA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Springfield, Massachusetts
The Springfield housing market remains competitive with low inventory levels driving steady price appreciation. While affordability remains a key advantage compared to the broader Massachusetts market, high interest rates and limited supply continue to constrain transaction volume. The city's ongoing downtown revitalization and stable employment base provide a solid foundation for long-term market health.
No ARED county foreclosure postings attributed to Springfield yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 12 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 0.5% year over year.
Homes spend a median of 34 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 3.69% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 24.0% — a mixed stability profile.
- Six Flags New England4.24.5 mi
- Sonny's Place4.510.1 mi
- Dave & Buster's Manchester4.120.4 mi
- Spare Time Windsor Locks4.412.8 mi
- Round1 Bowling & Arcade - Holyoke4.15.3 mi
- Six Flags New England4.24.5 mi
- Pratt & Whitney Stadium at Rentschler Field4.423.7 mi
- The Big E4.51.5 mi
- Connecticut Convention Center4.523.7 mi
- PeoplesBank Arena4.323.4 mi
- Six Flags New England4.24.5 mi
- Naismith Basketball Hall of Fame4.50.6 mi
- Eastern States Exposition4.51.6 mi
- Cinemark West Springfield 15 and XD4.52.7 mi
- Sonny's Place4.510.1 mi
- Amherst College4.319 mi
- Naismith Basketball Hall of Fame4.50.6 mi
- The Mark Twain House & Museum4.723.8 mi
- Connecticut Science Center4.623.6 mi
- Springfield Armory National Historic Site4.80.6 mi
- Stanley Park4.810.4 mi
- Ashley Reservoir4.96.1 mi
- Bright Nights at Forest Park4.41.7 mi
- The Botanic Garden of Smith College4.815.2 mi
- Northwest Park4.815.2 mi
- Oxbow Marina4.413.3 mi
- Brunelle's Marina4.411.1 mi
- The Ranch Golf Club4.59.6 mi
- GREATHORSE4.88.4 mi
- Ledges Golf Club4.29.7 mi
- Twin Hills Country Club4.65 mi
- Cold Spring Country Club4.313.2 mi
- Holyoke Mall4.35.3 mi
- Atkins Farms Country Market4.715.4 mi
- Burlington4.34.6 mi
- Marshalls & HomeGoods4.45.1 mi
- Thornes Marketplace4.515.2 mi
- Bradley International Airport4.412.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
One of the largest urban parks in the United States, offering extensive walking trails, a zoo, and sports fields.
A major tourist attraction and cultural anchor that celebrates the history of basketball, which was invented in Springfield.
A unique public art installation that draws visitors and highlights the city's connection to the famous author.
Springfield is well-suited for first-time homebuyers seeking affordability relative to the broader Massachusetts market, as well as investors targeting steady rental demand. It also attracts commuters who work in the regional healthcare and education sectors and prefer an urban environment with access to cultural amenities.
The Springfield Public Schools district faces significant challenges, with many schools performing below state averages in standardized testing and proficiency metrics. Efforts are ongoing to improve academic outcomes through district-wide initiatives and specialized magnet programs.
The city is served by the Springfield Union Station, a major transit hub connecting regional rail and bus lines. Highway access is provided by I-91 and I-90, facilitating regional connectivity.
Springfield offers a robust amenity base including the expansive Forest Park, which features extensive trails, a zoo, and recreational facilities. The city is also home to the Naismith Basketball Hall of Fame and the Dr. Seuss National Memorial Sculpture Garden, providing significant cultural and leisure opportunities.
The rental market is characterized by high demand and low vacancy rates, driven by the city's large student population and workforce. Rent growth has remained steady, with significant investor interest in multi-family conversions and urban infill projects.
Springfield's economy is anchored by major healthcare providers like Baystate Health and educational institutions. The city serves as a regional hub for government services and professional industries, maintaining a stable employment base.
Springfield serves as a regional economic hub for Western Massachusetts, anchored by healthcare, education, and government sectors. Recent development momentum is driven by downtown revitalization projects and the expansion of local higher education institutions.
Current planning efforts focus on transit-oriented development around Union Station and the adaptive reuse of vacant industrial properties. The city is actively seeking to increase housing supply through zoning incentives.
Parcels in Springfield are subject to standard municipal property taxes and may fall within specific utility or water/sewer districts. There are no significant MUD/PID structures common in the area.
Springfield experiences higher rates of violent and property crime compared to the Massachusetts state average, though trends have shown localized stabilization efforts. The city remains a regional urban center with crime concentrated in specific neighborhoods, contrasting with lower-density suburban surroundings.
The city faces moderate flood risks along the Connecticut River corridor, requiring flood insurance for properties in designated zones. Wind damage from severe storms is a periodic concern, and the city maintains standard emergency management protocols for regional climate hazards.
Property insurance premiums in Springfield are influenced by regional weather patterns and flood zone designations. Market health is stable, though insurers remain cautious regarding older housing stock.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and U.S. Census Bureau QuickFacts.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.