Real Estate Investing in Springfield, Massachusetts (01108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01108 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 22.3% poverty rate — can affect rent collection.
What’s happening in Springfield, MA (01108)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01108 Springfield
The 01108 ZIP covers a section of Springfield that demands careful diligence. Prices near $308K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 01108 can be a a credible choice for hunting ground — but the discount at $308K reflects genuine risk that outside investors often underestimate.
On balance, 01108 offers a low basis, the region around Springfield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A substantial renter share of 55% in 01108 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 01108 is an operator game, not a passive one. Stepping back, entry prices of $308K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 01108
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $149,611 | $1,390 | 6.7% | +10.9% | $149,611 |
| 2BR | $263,067 | $1,750 | 4.8% | +9.9% | $131,533 |
| 3BR | $292,424 | $2,150 | 5.3% | +8.9% | $97,475 |
| 4BR | $306,396 | $2,320 | 5.5% | +8.7% | $76,599 |
| 5BR | $357,154 | — | — | +7.9% | $71,431 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01108 Compare?
| Metric | 01108 | Springfield | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $307,899 | $134,177 | N/A | $645,115 |
| 5-Year CAGR | 6.2% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,925 | $1,726 | N/A | - |
| Cap Rate | 4.9% | 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 01108 (Springfield, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01108 (Springfield, MA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $307,899 |
| Monthly Rent | $1,925 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 01108
Population: 27,409
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 01108
Schools in This ZIP Code
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
How does Springfield, MA stack up for property investment?
Springfield, MA rates 3.0/5 for investability. With median values at $308K and rents near $1,925/mo, the market offers reasonable fundamentals for rental investors.
What is the typical vacancy rate in Springfield, MA?
Springfield, MA carries elevated vacancy risk. Expect steady absorption at market rents of $1,925/mo.
How qualified is the tenant pool in Springfield, MA?
Springfield, MA offers a consistent renter base at the $1,925/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Springfield, MA favor landlords or tenants?
MA ranks as a tenant-protective state for landlord-tenant law. Springfield generally follows the statewide framework, so landlords face reasonable operating rules.
How much rent can I charge in Springfield, MA?
The typical rental in Springfield, MA commands about $1,925/mo monthly. That rent profile predictable cash flow against the $308K purchase basis.
You know 01108 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01108 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 01108 ranks in Springfield, MA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01108 (Springfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01108 (Springfield, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.