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Springfield city, MA

ZIP 01129 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01129

Median Home Value
$239,200
Median Rent
$1,049
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,537/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.0 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 01129 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 $1,537. That sits below the local median household income ($92,500), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.6%+22% vs US avg
x
Vacancy Rate
4.3%-58% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
24.7%-50% vs US avg
x
Mortgage-Free
32.0%-16% vs US avg
x
$239,200
Home Value
$1,049
Rent
1968
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached75.1%
  • 1-unit attached8.4%
  • 2-9 units14.7%
  • 10+ units1.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$239,200
Median rent$1,049
Owner-occupied79.6%
Vacant4.3%
Price-to-income2.6x
Est. income to buy$66,000