Most Affordable ZIP Codes in Springfield, MA (2026)

The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.

# ZIP City Home value Rent Cap rate 5-yr growth
1 01103 1% rule Springfield, MA $134,963 $1,565 9.05% 6.8%
2 01346 Heath, MA $170,828 $1,512 6.90% 5.4%
3 01022 Chicopee, MA $237,645 $2,214 7.27% 7.7%
4 01105 Springfield, MA $264,981 $1,395 4.11% 7.8%
5 01109 Springfield, MA $284,279 $2,138 5.87% 7.0%
6 01104 Springfield, MA $295,449 $1,638 4.32% 6.4%
7 01151 Springfield, MA $295,513 $1,875 4.95% 6.0%
8 01108 Springfield, MA $307,899 $1,925 4.88% 6.2%
9 01011 Chester, MA $311,978 $1,359 3.40% 5.9%
10 01119 Springfield, MA $318,030 $1,674 4.11% 6.5%
11 01107 Springfield, MA $319,961 $1,611 3.93% 6.4%
12 01080 Palmer, MA $321,706 $1,539 3.73% 7.3%
13 01379 Wendell, MA $322,079 $1,692 4.10% 6.4%
14 01013 Chicopee, MA $324,289 $1,557 3.74% 5.8%
15 01118 Springfield, MA $327,651 $1,746 4.16% 6.0%
16 01129 Springfield, MA $327,799 $1,719 4.09% 6.4%
17 01340 Colrain, MA $328,214 $1,521 3.61% 5.2%
18 01364 Orange, MA $328,425 $1,305 3.10% 6.6%
19 01070 Plainfield, MA $332,957 $1,431 3.35% 3.0%
20 01376 Turners Falls, MA $335,057 $1,575 3.67% 6.5%
21 01020 Chicopee, MA $335,403 $1,736 4.04% 5.6%
22 01040 Holyoke, MA $337,398 $1,796 4.15% 5.4%
23 01344 Erving, MA $341,811 $1,323 3.02% 4.5%
24 01301 Greenfield, MA $342,410 $1,873 4.27% 6.2%
25 01128 Springfield, MA $343,711 $1,701 3.86% 6.2%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →

Same metro, different strategy

Cash Flow in Springfield, MA  ·  Appreciation in Springfield, MA

Or see the full Springfield, MA metro profile.