Springfield, MA

Metro area in Massachusetts · Updated Jan 2026

12-Month Forecast ↑ +2.3%

Median Home Value

$356,390

↑ +1.7%

Year-over-year

Median Rent

$1,916/mo

↑ +6.0%

Year-over-year

Rental Yield

6.5%

Excellent for investors

5-Year Appreciation

+37.1%

Income Needed to Buy

$97,337

20% down, 30% DTI max

Active Listings

1,034

For-sale inventory

Price-to-Rent Ratio

15.5

Neutral market

Price Forecast

1 Month

↑ +0.5%

3 Months

↑ +1.3%

12 Months

↑ +2.3%

5-Year Price Trend

Calculate your mortgage for Springfield, MA

See monthly payments for a $356,390 home →

Should you rent or buy in Springfield, MA?

Price-to-rent ratio: 15.5x — It depends on your timeline. Run a full breakeven analysis with Springfield, MA numbers pre-filled →

Frequently Asked Questions