Real Estate Investing in Springfield, Massachusetts (01151)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01151 (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: 8.1% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Springfield, MA (01151)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01151 Springfield
ZIP 01151 in Springfield, MA carries a notable set of headwinds. Home values near $296K and rents of $1,875/mo sit inside a market where underwriting has to be tight.
The investment case in 01151 is solid only for operators who understand what they are buying. A $296K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Springfield have seen price recovery that 01151 has not matched. Hampden County data supports the view that the spread is structural rather than temporary.
Who lives in 01151 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 01151 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 01151
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,335 | $1,870 | 5.6% | +9.6% | $119,667 |
| 3BR | $286,485 | $2,290 | 5.8% | +8.4% | $95,495 |
| 4BR | $303,835 | $2,480 | 5.9% | +8.2% | $75,959 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01151 Compare?
| Metric | 01151 | Springfield | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $295,513 | $134,177 | N/A | $645,115 |
| 5-Year CAGR | 6.0% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,875 | $1,726 | N/A | - |
| Cap Rate | 5.0% | 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 01151 (Springfield, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $295,513 |
| Monthly Rent | $1,875 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 5.0% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (5.0%). 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 01151
Population: 9,627
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 01151
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Glickman Elementary
Mary M Lynch
Mary M Walsh
Warner
Springfield International Charter School
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 in MA worth investing in?
Our data puts Springfield, MA at 3.0/5 for investability. Home prices of $296K and rents around $1,875/mo create a solid backdrop for investor activity.
What is the rental occupancy rate in Springfield, MA?
Occupancy in Springfield, MA runs measured with elevated vacancy. Well-priced units at $1,875/mo lease on reasonable timelines.
Are rents high in Springfield, MA?
Rents in Springfield, MA run near $1,875/mo. Compared with median home prices of $296K that produces solid gross yields for typical rentals.
Which investment style suits Springfield, MA?
A careful cash-flow rentals with hands-on management strategy Springfield, MA best. The market produces even-keeled results for that approach at the $296K price point.
How much should I expect to pay for a home in Springfield, MA?
Typical homes in Springfield, MA go for around $296K. The 5-year CAGR of 0.0% steady price movement.
You know 01151 now. You don’t know where it ranks.
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How 01151 ranks in Springfield, MA
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