Real Estate Investing in Springfield, Massachusetts (01109)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01109 (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: 10.7% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Springfield, MA (01109)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01109 Springfield
The 01109 ZIP covers a section of Springfield that demands careful diligence. Prices near $284K look accessible, but the work to make a deal cash flow is real.
The investment case in 01109 is significant only for operators who understand what they are buying. A $284K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 01109's metrics run below Hampden County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 01109 ZIP's population of 31,418 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategically, 01109 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 01109
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $240,751 | $1,780 | 5.3% | +10.2% | $120,375 |
| 3BR | $269,401 | $2,180 | 5.8% | +9.6% | $89,800 |
| 4BR | $275,714 | $2,360 | 6.2% | +9.6% | $68,929 |
| 5BR | $296,892 | — | — | +9.8% | $59,378 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01109 Compare?
| Metric | 01109 | Springfield | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $284,279 | $134,177 | N/A | $645,115 |
| 5-Year CAGR | 7.0% | 6.5% | N/A | 7.0% |
| Avg Rent | $2,138 | $1,726 | N/A | - |
| Cap Rate | 5.9% | 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 01109 (Springfield, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $284,279 |
| Monthly Rent | $2,138 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.9% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +10.0% ▲ |
🏠 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 (5.9%). 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 01109
Population: 31,418
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 01109
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 much should I expect to pay for a home in Springfield, MA?
Median home price in Springfield, MA is near $284K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What are vacancy rates like in Springfield, MA?
Expect elevated vacancy in Springfield, MA. Rents at $2,138/mo are absorbed by the tenant base without meaningful lag.
How qualified is the tenant pool in Springfield, MA?
Tenant quality in Springfield, MA ranks as solid. Landlords generally report measured occupancy at market rents of $2,138/mo.
Does house hacking make sense in Springfield, MA?
House hacking in Springfield, MA is a challenging. With home values around $284K and rents at $2,138/mo, owner-occupants can offset a meaningful share of PITI.
Does Springfield, MA make sense for an investment property?
Investors tracking Springfield, MA will find a 3.0/5 rating supported by $284K median home values and $2,138/mo rents. That profile suits long-term holders targeting predictable returns.
You know 01109 now. You don’t know where it ranks.
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How 01109 ranks in Springfield, MA
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