Housing & Real Estate — Springfield, Massachusetts
Overview
| Total Housing Units | 62,713 |
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| Occupied | 58,046 |
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| Vacant | 4,667 |
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| Owner-Occupied | 28,727 |
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| Renter-Occupied | 29,319 |
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| Median Home Value (Census) | $245,000 |
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| Estimated 2026 | ~$306,000 |
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| Median Rent | $1,114/mo |
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| Median Property Tax | $3,695/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | N/A |
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| Rent as % of Income | N/A% |
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| Severely Rent-Burdened | 50.4% |
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Housing Age
| Built 2010 or later | 1,996 |
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| Built 2000-2009 | 1,796 |
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| Built 1990-1999 | 2,744 |
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| Built before 1960 | 39,567 |
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| Median Year Built | 1951 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
