Real Estate Investing in Springfield, Massachusetts (01107)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01107 (Springfield, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 32.2% poverty rate — can affect rent collection.
- Higher unemployment: 8.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Springfield, MA (01107)?
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Market Analysis: 01107 Springfield
Investors eyeing 01107 need to respect the fundamentals at play. Home values of $320K come alongside slower price movement and elevated management overhead.
Rent of $1,611/mo on a $320K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 01107 sits below the stated 0.0% once reality is priced in.
The gap between 01107 and stronger Springfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 01107 includes headwinds that any investor should price in. Income distribution skews lower than Springfield averages, and tenant stability requires active management.
The right play in 01107 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 01107
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $266,485 | $1,790 | 4.8% | +9.2% | $133,242 |
| 3BR | $287,974 | $2,200 | 5.5% | +9.0% | $95,991 |
| 4BR | $330,170 | $2,370 | 5.2% | +8.3% | $82,543 |
Market Trends
Home Value History (with trend line)
📊 How Does 01107 Compare?
| Metric | 01107 | Springfield | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $319,961 | $134,177 | N/A | $645,115 |
| 5-Year CAGR | 6.4% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,611 | $1,726 | N/A | - |
| Cap Rate | 3.9% | 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 01107 (Springfield, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $319,961 |
| Monthly Rent | $1,611 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (3.9%). 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 01107
Population: 12,270
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 01107
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Conservatory of the Arts
Dupont Middle
Edward P. Boland School
John R Fausey
Mary O Pottenger
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 are home prices like in Springfield, MA?
Homes in Springfield, MA typically sell near $320K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
Is rental property easy to operate in Springfield, MA?
MA ranks as a tenant-protective state for landlord-tenant law. Springfield generally follows the statewide framework, so landlords face reasonable operating rules.
Which real estate strategy fits Springfield, MA?
For Springfield, MA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Can owner-occupants cash flow in Springfield, MA?
House hacking in Springfield, MA is a challenging. With home values around $320K and rents at $1,611/mo, owner-occupants can offset a meaningful share of PITI.
What are vacancy rates like in Springfield, MA?
Springfield, MA carries elevated vacancy risk. Expect reliable absorption at market rents of $1,611/mo.
You know 01107 now. You don’t know where it ranks.
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How 01107 ranks in Springfield, MA
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