Real Estate Investing in Springfield, Massachusetts (01105)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01105 (Springfield, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 46.3% poverty rate — can affect rent collection.
- Lower household income: $23,948 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Springfield, MA (01105)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01105 Springfield
ZIP 01105 inside Hampden County looks affordable on the surface — median value of $265K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $265K asset, 01105 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 01105 and stronger Springfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 01105 ZIP's population of 11,469 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The 01105 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 01105
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $108,571 | $1,240 | 8.2% | +16.9% | $108,571 |
| 2BR | $145,198 | $1,550 | 7.7% | — | $72,599 |
| 3BR | $253,427 | $1,900 | 5.4% | +10.5% | $84,476 |
| 4BR | $277,925 | $2,050 | 5.3% | +9.7% | $69,481 |
Market Trends
Home Value History (with trend line)
📊 How Does 01105 Compare?
| Metric | 01105 | Springfield | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $264,981 | $134,177 | N/A | $645,115 |
| 5-Year CAGR | 7.8% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,395 | $1,726 | N/A | - |
| Cap Rate | 4.1% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01105 (Springfield, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,981 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +11.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01105
Population: 11,469
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 01105
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alice B Beal Elementary
Edward P. Boland School
Frederick Harris
German Gerena Community School
Lincoln
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 766 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Springfield, MA?
Rental vacancy in Springfield, MA is elevated. Investors should budget normal turnover but not chronic empty units.
What is the best play in Springfield, MA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Springfield, MA. The numbers - $265K homes against $1,395/mo rents - support that play.
Should investors consider Springfield, MA?
Springfield, MA reports an investability rating of 3.0/5, with median home values near $265K and average rents around $1,395/mo. That combination puts it in the significant tier for investor interest.
Is Springfield, MA good for landlords?
Rental owners in Springfield, MA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
Are homes affordable in Springfield, MA?
Typical homes in Springfield, MA go for around $265K. The 5-year CAGR of 0.0% stable price movement.
You know 01105 now. You don’t know where it ranks.
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How 01105 ranks in Springfield, MA
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