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.
|Number Of Employees||62,104|
|Median Property Value||$148,600|
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.
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.