Welcome to our 1128 real estate data hub, tailored for investors in Springfield, MA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 1128 in Springfield, MA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HAMPDEN COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Springfield, MA real estate investing. Uncover the wealth of information available, and position yourself for success in the Springfield property market.
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Location Overview
- Zip Code: 1128
- City: Springfield
- State: MA
- Metro Area: Springfield, MA
- County Name: HAMPDEN COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $286,456
- Average Home Price (Single Family Homes): $286,649
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: -0.6%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,480
- Average 3 Bedroom Section 8 Rental Rates: $1,830
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 16.13
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.04
- Number of Units Offered in Section 8 in the County: 7985
- Number of Occupied Units in Section 8 in the County: 7627
- Percentage of Section 8 Units Occupied in the County: 95.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 145.75
- Total % Appreciation since 2000 (Government Data): 150.89
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.69%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.52%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.66%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 35.15%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 63.64%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 39.3%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 81.4%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%