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Springfield, MA
Full City Profile · Massachusetts · Hampden County County
2.7
/5.0
C+
Fair
154,751
Population
4,856/sq mi density
$51,339
Median Income
$27,054 per capita
$222,700
Home Value
$290,167 Zillow
$1,114
Median Rent
34.8% income on rent
52°F
Avg Temperature
262 sunny days/yr
905
Violent Crime/100K
2,595 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$51,339 median income, 4.7% unemployment
A
Affordability
4.2 / 5.0
$222,700 home value, $1,114/mo rent
F
Safety
1.0 / 5.0
905 violent crimes/100K (138% above avg)
C+
Education
2.6 / 5.0
19.7% bachelor's degree or higher
Housing Overview
Median Home Value
$222,700
21% below
US avg: $281,900
Median Rent
$1,114/mo
4% below
US avg: $1,163/mo
Homeownership Rate
49.5%
24% below US avg (65.4%)
Total Housing Units
63,245
Median year built: 1951
Home Value by Source
Census Median
$222,700
Zillow (ZHVI)
$290,167
Median Sale Price
$302,500
Median List Price
$314,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
49.5%
Owner-Occupied
50.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent:
$1,114/mo
· Zillow rent:
$1,719/mo
Market Indicators (Redfin)
Median Days on Market
41 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
94
Price Drops
19.4%
of listings with price reduction
Price Per Sq Ft
$187
Active Inventory
160
homes for sale
Affordability & Housing Stock
Rent Burden
34.8%
of renters spending 30%+ of income on housing
12% above US avg (31.0%)
Median Year Built
1951
Average age of housing stock: 75 years
Homeownership Rate
49.5%
Complete Housing Data
Home Values
| Census Median Value | $222,700 |
| Zillow Home Value (ZHVI) | $290,167 |
| Median Sale Price | $302,500 |
| Median List Price | $314,900 |
| Price Per Sq Ft | $187 |
Rent
| Census Median Rent | $1,114 |
| Zillow Rent (ZORI) | $1,719 |
| FMR Studio | $1,727 |
| FMR 1-Bedroom | $1,822 |
| FMR 2-Bedroom | $2,300 |
| FMR 3-Bedroom | $2,858 |
| FMR 4-Bedroom | $3,232 |
Market
| Days on Market | 41 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 19.4% |
| Homes Sold | 94 |
| Active Inventory | 160 |
| Price Per Sq Ft | $187 |
Ownership & Stock
| Owner-Occupied | 49.5% |
| Renter-Occupied | 50.5% |
| Homeownership Rate | 49.5% |
| Total Housing Units | 63,245 |
| Median Year Built | 1951 |
| Rent Burden | 34.8% |