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Springfield city, MA

ZIP 01151 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01151

Median Home Value
$219,800
Median Rent
$982
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,412/mo PITI).

21%
Rent-to-Income Ratio

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

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.7 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 01151 in Springfield city, MA, a household would need roughly $61,000 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 $1,412. That is roughly in line with the local median household income ($57,113). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
45.1%-31% vs US avg
x
Vacancy Rate
8.9%-13% vs US avg
x
Broadband Access
82.8%-5% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
8.0%-37% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
23.1%-53% vs US avg
x
Mortgage-Free
42.4%+11% vs US avg
x
$219,800
Home Value
$982
Rent
1952
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached36.7%
  • 1-unit attached6.8%
  • 2-9 units49.7%
  • 10+ units2.8%
  • Mobile home & other4.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$219,800
Median rent$982
Owner-occupied45.1%
Vacant8.9%
Price-to-income3.8x
Est. income to buy$61,000