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Zip Code 01108

Springfield, MA • Hampden County

Real Estate Market Analysis

Q3 2025 Report
$213,725 (June 2025)
Median Home Value
~25,000 (estimated, 2025)
Population
$38,000–$42,000 (2025)
Median Income
Below state average (2025)
School District Rating

Market Statistics

Property Values

$213,725 (June 2025)
Median Home Value
$1,200–$1,400 (estimated, 2025)
Median Rent
$150–$170 (estimated, 2025)
Price per Sq Ft

Market Performance

Home Appreciation-7.85% year-over-year (June 2025)
Market VelocityMedian 27.5 days on market, 5.5 days faster than previous year (June 2025)
Foreclosure RateModerate, slightly above state average (2025, inferred from market softness)

Area Information

Area SizeUrban neighborhood in Springfield
CountyHampden
Primary CitySpringfield

Housing Profile

Housing Statistics

Total Housing Units~7,000 (estimated)
Owner Occupied~35% (estimated)
Rental Properties~60% (estimated)
Vacant Units~5% (estimated)
New ConstructionLow; limited infill and renovation activity

Housing Types

Single-family homesMulti-family homesApartmentsTownhouses

Demographics

~25,000 (estimated, 2025)
Population
32
Median Age
$38,000–$42,000 (2025)
Median Income
~92% (2025)
Employment Rate
High school diploma: 75%, Bachelor's or higher: 15%
Education Levels
Predominantly families with children, single-parent households, and multi-generational homes
Family Composition

Education Quality

School District Performance

Below state average (2025)
District Rating
School DistrictSpringfield Public Schools
Test ScoresBelow state average in math and reading
Graduation Rates~75% (2025)

Schools in Area

  • William N. DeBerry Elementary
  • Forest Park Middle School
  • Central High School

Economic Factors

Employment & Business

Job GrowthStable, slow growth (2024–2025)
Unemployment Rate~8% (2025)
Business EnvironmentMixed; small business presence, some revitalization
Commercial ActivityModerate; retail, healthcare, and service sectors

Major Employers

  • Baystate Health
  • MGM Springfield
  • Springfield Public Schools
  • MassMutual

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • I-91, I-291 highways
  • • PVTA bus service
  • • Proximity to Amtrak Springfield Union Station

Utilities & Services

  • • City water/sewer
  • • Electricity (Eversource)
  • • Natural gas

Quality of Life

Safety & Environment

Above state average; property and violent crime rates higher than MA median

Urban, some air quality concerns, green space in parks

Healthcare Access

  • • Baystate Medical Center
  • • Mercy Medical Center

Development Trends

Planned Developments

  • Small-scale residential renovations
  • Community revitalization grants

Infrastructure Projects

  • • Road resurfacing
  • • Park improvements

Investment Outlook

Growth Outlook

Stable to modest growth, focus on revitalization

Investment Opportunities

  • • Value-add multi-family properties
  • • Affordable housing development

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Investors
  • Renters seeking ownership
  • Multigenerational families

Competitive Advantages

  • Lower entry price than most MA zip codes
  • Strong rental demand

Pricing Strategies

Competitive pricing below state median; incentives for quick close

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Highlight community policing, neighborhood watch, and ongoing revitalization efforts

Objection: School quality below state average

Response Strategy:

Emphasize after-school programs, magnet and charter school options, and recent district improvements

Objection: Older housing stock

Response Strategy:

Showcase renovated properties, discuss renovation grants and incentives

Professional Recommendations

1

Focus on affordability and rental returns in marketing

2

Build relationships with local lenders for first-time buyer programs

3

Educate buyers on neighborhood revitalization and safety initiatives

4

Target investors with data on rental yields and occupancy

5

Highlight proximity to major employers and healthcare

Competitive Analysis

Comparable Markets

  • 01109 (Springfield)
  • 02453 (Waltham)
  • 01776 (Sudbury)

Market Positioning

Best for value-seeking buyers and investors

Competitive Advantages

  • Lower prices, higher rental yields than suburban MA markets

Price Comparison

Significantly below Boston suburbs and state median

Investment Metrics

6–8% (2025, typical for multi-family)
Cap Rates
6–7% gross yield
Rental Yields
~12–14
Price-to-Rent
Positive for well-managed rentals
Cash Flow
Flat to +2% annually with successful revitalization
Appreciation

Buyer Journey Insights

First-Time Buyers

Accessible price points, down payment assistance available, must be educated on neighborhood dynamics

Move-Up Buyers

Limited options for luxury or large homes; best for those seeking space at value

Downsizers

Some smaller homes and condos, but limited new construction

Investors

Strong rental demand, value-add opportunities, robust cash flow potential

Relocators

Affordable alternative to higher-cost MA cities, good transit access

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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