Zip 01129 (Springfield, MA) Housing

Springfield, MA (01129) has an impressive housing median value of $255,700 which is significantly lower than the US House Median Value of $338,100. Despite this gap in values, Springfield boasts a 1 year house appreciation rate that is 11.32%, which is notably higher than the US average of 8.27%. This could make Springfield an ideal home-buying choice for people looking to get the most out of their investment in the area's real estate market.

The median home cost in Springfield (zip 01129) is $255,700. Home appreciation the last 10 years has been 82.9%. Home Appreciation in Springfield (zip 01129) is up 15.6%.

Average Age of Homes

- The median age of Springfield (zip 01129) real estate is 46 years old

The Rental Market in Springfield (zip 01129)

- Renters make up 19.7% of the Springfield (zip 01129) population
- 0.0% of houses and apartments in Springfield (zip 01129), 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
	2,604.0	139,647,020.0
	53	42
	$255,700	$338,100
	15.6%	16.6%
	60.6%	57.0%
	82.9%	101.1%
	$18.32	$10.98
	$3,398	$2,690
	75.3%	57.4%
	3.1%	11.2%
	21.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.9%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	0.6%	2.4%
	0.4%	2.8%
	0.0%	3.9%
	1.5%	4.5%
	13.3%	11.3%
	41.8%	13.0%
	28.1%	20.1%
	8.2%	13.6%
	1.5%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.7%	0.2%
	3.1%	13.6%
	3.1%	13.6%
	5.2%	13.6%
	13.5%	13.2%
	18.3%	14.8%
	5.2%	13.6%
	30.2%	10.0%
	3.8%	4.7%
	7.5%	12.2%

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