Springfield, MA Housing Market

Market data powered by Zillow Research. Last updated: 2026-04-02

Springfield, MA offers balanced conditions for buyers.

  • •Prices are essentially flat (1.8% YoY) — good negotiating leverage for buyers.
  • •Price-to-rent ratio: 26.8 — renting may be more affordable in the near term.

Median Home Value

$358,339

ZHVI

Year-over-Year

+1.8%

Price change

5-Year Change

+35.9%

Since 2021

Median Rent

$1,116/mo

ZORI

Active Listings

317

For sale

State Avg

$642,387

Massachusetts

Home Value Trends

5-year Zillow Home Value Index for Springfield, MA vs. state and national averages.

Rent Data

Median Rent

$1,116/mo

Rent YoY Change

+8.8%

Rent vs. Buy Calculator

Other Markets in Massachusetts

Vineyard Haven, MA$1,504,154Barnstable Town, MA$735,783Boston, MA$713,764Worcester, MA$462,907Pittsfield, MA$373,274
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Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.