Real Estate Investing in Springfield, Massachusetts (01119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01119 (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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Springfield, MA (01119)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01119 Springfield
The 01119 ZIP in Springfield, MA is a local-operator market. Outside capital chasing a $318K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $318K asset, 01119 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within MA, ZIP 01119 trails on several market indicators that neighboring Hampden County submarkets outperform. The gap is real and significant enough to shape underwriting.
The 01119 ZIP's population of 14,059 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Distressed ZIPs reward experience. impressive returns are possible in 01119, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 01119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $262,404 | $1,860 | 5.1% | +10.0% | $131,202 |
| 3BR | $301,856 | $2,280 | 5.4% | +8.8% | $100,619 |
| 4BR | $336,438 | $2,460 | 5.3% | +8.4% | $84,110 |
Market Trends
Home Value History (with trend line)
📊 How Does 01119 Compare?
| Metric | 01119 | Springfield | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $318,030 | $134,177 | N/A | $645,115 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,674 | $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 01119 (Springfield, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01119 (Springfield, MA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $318,030 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 01119
Population: 14,059
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 01119
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Edward P. Boland School
Frederick Harris
John F Kennedy Middle
Mary O Pottenger
Rebecca M Johnson
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 tenant pool like in Springfield, MA?
The renter base in Springfield, MA is reasonable for the $1,674/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is Springfield, MA a smart market for rental property?
Springfield, MA rates 3.0/5 for investability. With median values at $318K and rents near $1,674/mo, the market offers reasonable fundamentals for rental investors.
Can owner-occupants cash flow in Springfield, MA?
House hacking in Springfield, MA is reasonable to execute. Prices around $318K and rents of $1,674/mo solid owner-occupant economics.
How strict are landlord regulations in Springfield, MA?
The landlord environment in Springfield, MA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What is the median home value in Springfield, MA?
In Springfield, MA the median home value sits at $318K. Against the broader MA market, that reads as reasonable for most investors.
You know 01119 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01119 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 01119 ranks in Springfield, MA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01119 (Springfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01119 (Springfield, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.