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Springfield city, MA

ZIP 01028 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01028

Median Home Value
$344,100
Median Rent
$1,131
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,210/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 01028 in Springfield city, MA, a household would need roughly $95,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,210. That is roughly in line with the local median household income ($100,997). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
86.4%+32% vs US avg
x
Vacancy Rate
3.2%-69% vs US avg
x
Broadband Access
89.0%+2% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
6.5%-50% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
27.8%-44% vs US avg
x
Mortgage-Free
36.7%-4% vs US avg
x
$344,100
Home Value
$1,131
Rent
1965
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached85.6%
  • 1-unit attached1.4%
  • 2-9 units4.8%
  • 10+ units8.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$344,100
Median rent$1,131
Owner-occupied86.4%
Vacant3.2%
Price-to-income3.4x
Est. income to buy$95,000