Springfield, MA Real Estate
Springfield anchors one of Massachusetts's largest metro areas with a population of about 154,751. The median home value is near $222,700, and median rent runs around $1,114/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$222,700
Median Rent
$1,114/mo
Population
154,751
Median Income
$51,339
Median Age
33.7
Homeownership
49.5%
Monthly payment on a median Springfield home
Example for a $222,700 home: 20% down, 30-yr at ~6.75%, MA property tax ~1.00%, 0.4% insurance.
Est. monthly (PITI)
$1,415
Principal & interest
$1,156
Property tax / mo
$186
Down payment (20%)
$44,540
Springfield at a glance
- 10.8% of residents 25+ hold a bachelor's degree or higher.
- 49.5% of occupied homes are owner-occupied.
- Median household income is $51,339.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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