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Springfield city, MA

ZIP 01105 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01105

Median Home Value
$238,400
Median Rent
$871
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,531/mo PITI).

45%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

10.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

22.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 01105 in Springfield city, MA, a household would need roughly $66,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,531. That is about 187% above the local median household income ($22,994), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
11.3%-83% vs US avg
x
Vacancy Rate
11.8%+15% vs US avg
x
Broadband Access
68.7%-21% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
7.5%-42% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
38.3%-23% vs US avg
x
Mortgage-Free
49.0%+28% vs US avg
x
$238,400
Home Value
$871
Rent
1938
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached9.1%
  • 1-unit attached2.3%
  • 2-9 units52.5%
  • 10+ units36.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$238,400
Median rent$871
Owner-occupied11.3%
Vacant11.8%
Price-to-income10.4x
Est. income to buy$66,000