The story of this market
The typical home in ZIP 01036 sells for about $320,000, or $216 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,132 a month.
ZIP 01036 — Hampden
The Springfield housing market remains competitive with low inventory and steady price appreciation. Demand is driven by affordability relative to the broader Massachusetts market, though high interest rates continue to impact buyer purchasing power.
This area fits first-time homebuyers and renters seeking urban amenities and affordability, as well as commuters who benefit from the central location within the Pioneer Valley.
Median prices moved up 3.2% year over year.
Homes spend a median of 23 days on market with 2.7 months of supply — a fast-moving market.
26% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 3.8% — 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 7.6%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01036, Hampden County 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.
The area is served by Springfield Public Schools, which faces ongoing challenges with academic performance and resource allocation compared to suburban districts in Hampden County.
The region faces moderate risks from severe weather events, including wind and occasional flooding along the Connecticut River, with insurance premiums trending upward.
Economic momentum is driven by healthcare and education sectors, with major employers including Baystate Health and MassMutual, alongside ongoing urban revitalization efforts in the downtown core.
Property taxes are assessed at the municipal level based on fair market value, with rates set annually by the city council; exemptions exist for seniors and veterans.
Residents benefit from proximity to I-91 and I-90, providing regional access, though public transit reliance is higher in the urban core compared to surrounding towns.
The area features Forest Park, one of the largest urban parks in the country, along with various local museums and proximity to the Connecticut River for outdoor activities.
The rental market is characterized by high demand and low vacancy rates, with steady rent growth driven by limited new multi-family construction.
The economy is anchored by the healthcare, education, and insurance sectors, with significant employment provided by Baystate Health and MassMutual.
The city serves as a regional transit hub with access to Amtrak, the PVTA bus system, and major highway intersections.
Ongoing urban renewal projects focus on downtown residential conversion and infrastructure improvements near the riverfront.
Parcels are subject to municipal property taxes and standard school district levies; no significant MUD/PID districts are present.
Property insurance costs are rising due to regional climate risks, though the area remains stable compared to coastal zones.
Data retrieved from data.census.gov for ZCTA 01036.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Six Flags New England4.210.9 mi
- Sonny's Place4.56 mi
- Dave & Buster's Manchester4.118.9 mi
- Spare Time Windsor Locks4.416.4 mi
- Round1 Bowling & Arcade - Holyoke4.114.4 mi
- Six Flags New England4.210.9 mi
- The Big E4.511.3 mi
- Eastern States Exposition4.511.4 mi
- Golden Corral Buffet & Grill4.17.6 mi
- Big E Gate 14.611.6 mi
- Six Flags New England4.210.9 mi
- Naismith Basketball Hall of Fame4.59.7 mi
- Eastern States Exposition4.511.4 mi
- Cinemark West Springfield 15 and XD4.512.5 mi
- Sonny's Place4.56 mi
- Naismith Basketball Hall of Fame4.59.7 mi
- Old Sturbridge Village4.715.9 mi
- Springfield Armory National Historic Site4.89.8 mi
- New England Air Museum4.816.7 mi
- Springfield Museums4.710 mi
- Bright Nights at Forest Park4.48.6 mi
- Chicopee Memorial State Park4.410.9 mi
- Windsor Locks Canal State Park Trail4.611.5 mi
- Szot Park4.511.3 mi
- Van Horn Park4.310.8 mi
- Oxbow Marina4.419.9 mi
- Brunelle's Marina4.417.4 mi
- GREATHORSE4.81.7 mi
- Twin Hills Country Club4.67 mi
- Cold Spring Country Club4.312.8 mi
- Veterans Memorial Golf Course4.56.1 mi
- Cedar Knob Golf Course4.47 mi
- Burlington4.35.6 mi
- Randall's Farm4.79.2 mi
- Marshalls & HomeGoods4.411.9 mi
- Big Y4.410.7 mi
- Kohl's4.212.3 mi
- Bradley International Airport4.416.7 mi
- Worcester Regional Airport4.630.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive 735-acre park designed by Frederick Law Olmsted.
A major national landmark and tourist attraction.
Hosts sports, concerts, and conventions.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.