The story of this market
The typical home in ZIP 01108 sells for about $319,826, 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 $1,281 a month.
ZIP 01108 — Springfield
The Springfield housing market remains competitive with steady year-over-year price growth of 3.2%. Low inventory levels and a measured pace of sales continue to drive demand, though the market is showing signs of stabilization compared to previous periods.
This ZIP code is primarily suited for renters and budget-conscious buyers, given the high concentration of rental-occupied housing and lower median home values compared to broader regional benchmarks.
Median prices moved up 3.2% year over year.
Homes spend a median of 23 days on market with 2.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.9% · poverty 31.8% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01108, 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.
Property taxes in this jurisdiction are assessed at an effective rate of approximately 1.4%, which is higher than the Massachusetts state average of 1.0%.
The rental market in 01108 is characterized by a high renter share of approximately 55%, significantly exceeding the state average of 38%.
The local economy is anchored by the broader Springfield metropolitan area, which serves as a regional hub for healthcare, education, and government services.
Data sourced from City-Data and MapOfZipCodes; specific ACS table breakdowns not provided in source.
- Six Flags New England4.24.3 mi
- Sonny's Place4.58.5 mi
- Dave & Buster's Manchester4.119.4 mi
- Spare Time Windsor Locks4.412.4 mi
- Round1 Bowling & Arcade - Holyoke4.16.9 mi
- Six Flags New England4.24.3 mi
- The Big E4.52.8 mi
- Eastern States Exposition4.53 mi
- Golden Corral Buffet & Grill4.15.1 mi
- Big E Gate 14.63.2 mi
- Six Flags New England4.24.3 mi
- Naismith Basketball Hall of Fame4.51.3 mi
- Eastern States Exposition4.53 mi
- Cinemark West Springfield 15 and XD4.54.4 mi
- Sonny's Place4.58.5 mi
- Amherst College4.319.7 mi
- Naismith Basketball Hall of Fame4.51.3 mi
- Springfield Armory National Historic Site4.81.7 mi
- New England Air Museum4.811.7 mi
- Springfield Museums4.71.7 mi
- Stanley Park4.812 mi
- Ashley Reservoir4.97.7 mi
- Bright Nights at Forest Park4.40.3 mi
- Chicopee Memorial State Park4.46 mi
- Nonotuck Park4.612.7 mi
- Oxbow Marina4.414.5 mi
- Brunelle's Marina4.412.3 mi
- The Ranch Golf Club4.511 mi
- GREATHORSE4.86.8 mi
- Ledges Golf Club4.210.9 mi
- Twin Hills Country Club4.63.5 mi
- Veterans Memorial Golf Course4.53.1 mi
- Holyoke Mall4.36.9 mi
- Burlington4.33.2 mi
- Marshalls & HomeGoods4.46.1 mi
- Kohl's4.24.2 mi
- Randall's Farm4.77.9 mi
- Bradley International Airport4.412.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.