Springfield, MA has a population of 154,613, while the median age is 33. The household income in Springfield, MA is around $37,118. The homeownership rate among the residents is 47%. The median residential property value in Springfield, MA that you should keep in mind is $148,600.
Population | 154,613 |
Median Age | 32.9 |
Poverty Rate | 29% |
Household Income | $37,118 |
Number Of Employees | 62,104 |
Median Property Value | $148,600 |
Rent Price | Jan | vs Last Month |
---|---|---|
1-bed apartments | $1,297 | +11.5% |
2-bed apartments | $1,548 | +0.5% |
3-bed apartments | $1,484 | -33.7% |
4+ bed apartments | $2,385 | -6.4% |
Over the Jan 2023, the average rent for an apartment in/near Springfield, MA decreased by 5.2% to $1,687.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 11.5% to $1,297. Pricing for 2-bed apartment also increased by 0.5% and a place of this size will now cost you $1,548. 3-bed apartment rent pricing starts at $1,484, it decreased by 33.7% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 6.4% and made it down to $2,385.
Rent Type Price | Jan | vs Last Month |
---|---|---|
Houses for rent | $1,947 | -14.8% |
Condos for rent | $1,790 | +0.2% |
Apartments for rent | $1,573 | -0.5% |
The median rent for an apartment in Springfield, MA decreased by 0.5% to $1,573. Statistics show that house rent price decreased by 14.8% this month making it up to $1,947. Condos faced an upward trend these days. The median rent for a condo increased by 0.2%, it’s now available for $1,790.