Real Estate Investing in Springfield, Massachusetts (01129)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01129 (Springfield, MA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 (01129)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01129 Springfield
This part of Hampden County is not an easy win. The 01129 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 01129 is sturdy only for operators who understand what they are buying. A $328K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader MA picture, 01129 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 01129 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 01129 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 01129
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $188,996 | $1,520 | 5.8% | +9.6% | $188,996 |
| 2BR | $256,735 | $1,910 | 5.4% | +9.8% | $128,368 |
| 3BR | $318,398 | $2,340 | 5.3% | +8.5% | $106,133 |
| 4BR | $364,376 | $2,530 | 5.0% | +8.5% | $91,094 |
Market Trends
Home Value History (with trend line)
📊 How Does 01129 Compare?
| Metric | 01129 | Springfield | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $327,799 | $134,177 | N/A | $645,115 |
| 5-Year CAGR | 6.4% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,719 | $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 01129 (Springfield, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01129 (Springfield, MA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $327,799 |
| Monthly Rent | $1,719 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (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 01129
Population: 5,993
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 01129
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Frederick Harris
Glickman Elementary
John F Kennedy Middle
Arthur T Talmadge
Daniel B Brunton
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
Is Springfield, MA a good market for buy-and-hold investors?
Yes - Springfield, MA a 3.0/5 investability score. With $328K home prices against $1,719/mo monthly rent, the market delivers a reasonable entry point for new investors.
What are vacancy rates like in Springfield, MA?
Occupancy in Springfield, MA runs reliable with elevated vacancy. Well-priced units at $1,719/mo lease on reasonable timelines.
How do experienced investors play Springfield, MA?
Investors usually favor careful cash-flow rentals with hands-on management in Springfield, MA. With home values at $328K and rents near $1,719/mo, other strategies can work but produce even-keeled rather than outsized returns.
How landlord-friendly is Springfield, MA?
Springfield, MA operates under MA law, which is tenant-protective overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Are renters plentiful in Springfield, MA?
Tenant quality in Springfield, MA ranks as solid. Landlords generally report stable occupancy at market rents of $1,719/mo.
You know 01129 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01129 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 01129 ranks in Springfield, MA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01129 (Springfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01129 (Springfield, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.