Welcome to our 1089 real estate data hub, tailored for investors in West 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 1089 in West 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 West Springfield, MA real estate investing. Uncover the wealth of information available, and position yourself for success in the West Springfield property market.
-
Location Overview
- Zip Code: 1089
- City: West Springfield
- State: MA
- Metro Area: Springfield, MA
- County Name: HAMPDEN COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $307,719
- Average Home Price (Single Family Homes): $312,971
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: -0.3%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,070
- Average 3 Bedroom Section 8 Rental Rates: $1,310
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.97
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 19.58
- 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%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 128.82
- Total % Appreciation since 2000 (Government Data): 125.02
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.7%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.87%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.9%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 33.35%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 54.67%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.34%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 88.12%
-
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%