Investor-grade market analytics for Springfield, Massachusetts. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$356,390
+1.7% year-over-year
6.5%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Migration: Top 96% nationally
In-migrants avg $63,567 AGI vs out-migrants $68,733
Opportunity Zone Market
34 ZIP codes in Springfield are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Springfield, MA is in a stabilization phase with 1.7% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability is moderately stretched with a price-to-income ratio of 5.05x, above the national average of 4.8x. Net negative migration (-1,196 returns/year) is reducing housing demand pressure. Climate risk remains low (33/100), favorable for long-term investment stability. Rental yield of 6.45% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Springfield, MA's primary climate exposure is flooding (57/100). The composite climate risk score of 33/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.