The story of this market
The typical home in ZIP 01033 sells for about $298,500, or $246 per square foot.
Prices are up +6.65% from a year ago, so sellers still have some momentum. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,000 a month.
ZIP 01033 — Granby
The Springfield housing market is currently characterized by strong demand and limited inventory, resulting in a competitive environment for buyers. Prices have shown consistent year-over-year growth, supported by the city's role as a regional economic hub. While affordability remains a challenge for some, the market continues to attract interest due to its relative value compared to the broader Massachusetts market.
This area is well-suited for budget-conscious buyers, families seeking urban amenities, and investors looking for rental opportunities in a high-demand market.
Median prices moved up 6.7% year over year.
Homes spend a median of 21 days on market with 1.9 months of supply — a fast-moving market.
49% of listings have cut prices · homes sell at 102.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 4.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01033, Springfield, MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Not determinable at the ZIP level; Springfield city-wide crime trends are monitored by local law enforcement and generally reflect urban density patterns.
Public schools in the area are managed by Springfield Public Schools, with quality ratings varying significantly by specific neighborhood and school facility.
The area is subject to standard New England climate risks, including winter storms and potential localized flooding; insurance premiums are influenced by regional hazard exposure.
Springfield serves as a regional economic hub with ongoing development in the downtown core and healthcare sectors, though infrastructure projects are primarily city-wide.
Property taxes are assessed by the city of Springfield based on local mill rates; exemptions are available for qualifying residents such as seniors and veterans.
Residents typically rely on personal vehicles for commuting, with access to major regional highways like I-91 and I-90; public transit options are available via the PVTA.
The area features access to local parks, community centers, and proximity to the Connecticut River for outdoor activities, alongside urban shopping and dining districts.
The rental market is characterized by high demand and limited supply, with rents trending upward as the city remains a significant regional rental hub.
The economy is anchored by healthcare, education, and government services, with major employers including Baystate Health and local academic institutions.
The city is served by a network of highways and the Springfield Union Station, which provides rail and bus connectivity to the broader New England region.
Development efforts are focused on urban infill and the modernization of existing residential and commercial infrastructure within the city limits.
The city of Springfield operates its own assessment department to determine property values for tax purposes.
Parcels are subject to municipal taxes and may fall under specific utility or water/sewer district jurisdictions.
Property insurance premiums are influenced by regional risk factors; homeowners are encouraged to maintain adequate coverage for standard New England hazards.
Not determinable at the ZIP level.
Massachusetts is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a property disclosure statement regarding the condition of the home, though the scope is limited by state law.
Data retrieved from Census ACS 2023 profiles for Springfield, MA.
- Six Flags New England4.216.7 mi
- Sonny's Place4.519.3 mi
- Round1 Bowling & Arcade - Holyoke4.19.9 mi
- Funcity Trampoline and Adventure Park4.19.6 mi
- Central Rock Gym - Hadley4.77 mi
- Six Flags New England4.216.7 mi
- The Big E4.513.3 mi
- Mullins Center4.68.9 mi
- Eastern States Exposition4.513.4 mi
- Golden Corral Buffet & Grill4.18.4 mi
- Naismith Basketball Hall of Fame4.512.6 mi
- Cinemark West Springfield 15 and XD4.511.6 mi
- Springfield Armory National Historic Site4.811.7 mi
- Cinemark at Hampshire Mall and XD4.46.8 mi
- Springfield Museums4.711.9 mi
- Amherst College4.37.5 mi
- Naismith Basketball Hall of Fame4.512.6 mi
- Springfield Armory National Historic Site4.811.7 mi
- Springfield Museums4.711.9 mi
- The Amazing World of Dr. Seuss Museum4.711.9 mi
- Look Memorial Park4.711.3 mi
- Ashley Reservoir4.910 mi
- The Botanic Garden of Smith College4.88.2 mi
- Bright Nights at Forest Park4.412.9 mi
- Skinner State Park4.85.3 mi
- Oxbow Marina4.47.1 mi
- Brunelle's Marina4.45.3 mi
- Ledges Golf Club4.25.8 mi
- Cold Spring Country Club4.34.4 mi
- Wyckoff Country Club47.8 mi
- Veterans Memorial Golf Course4.511.1 mi
- Drunken Rabbit Brewing4.64.5 mi
- Holyoke Mall4.39.9 mi
- Atkins Farms Country Market4.74.2 mi
- Big Y4.37.5 mi
- Burlington4.311.8 mi
- Hampshire Mall46.9 mi
- Bradley International Airport4.424.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
One of the largest urban parks in the United States, featuring trails, gardens, and a zoo.
A major landmark attraction located in Springfield celebrating the history of basketball.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.