Zip 01119 (Springfield, MA) Housing

The housing market in Springfield, MA (01119) is thriving. The median value of homes in the area is $243,500, significantly lower than the US median house value of $338,100. However, the housing market in Springfield has seen an impressive 11.32% appreciation rate over the last year, outpacing the US average of 8.27%. This indicates that the local housing market is robust and could be a great investment opportunity for those looking to move or purchase a home in Springfield.

The median home cost in Springfield (zip 01119) is $243,500. Home appreciation the last 10 years has been 82.9%. Home Appreciation in Springfield (zip 01119) is up 15.6%.

Average Age of Homes

- The median age of Springfield (zip 01119) real estate is 58 years old

The Rental Market in Springfield (zip 01119)

- Renters make up 23.3% of the Springfield (zip 01119) population
- 0.1% of houses and apartments in Springfield (zip 01119), 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
	5,488.0	139,647,020.0
	62	42
	$243,500	$338,100
	15.6%	16.6%
	60.6%	57.0%
	82.9%	101.1%
	$17.02	$10.98
	$2,892	$2,690
	67.5%	57.4%
	4.7%	11.2%
	27.8%	31.4%
Vacant Housing
	0.1%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.7%	0.4%
	0.0%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	2.0%	2.4%
	1.0%	2.8%
	1.7%	3.9%
	7.3%	4.5%
	19.1%	11.3%
	32.5%	13.0%
	31.5%	20.1%
	2.8%	13.6%
	0.2%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	5.7%	13.6%
	9.7%	13.2%
	9.5%	14.8%
	5.7%	13.6%
	37.0%	10.0%
	10.0%	4.7%
	5.4%	12.2%

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