The story of this market
The typical home in ZIP 01118 sells for about $331,402, or $232 per square foot.
Prices are up +2.6% from a year ago, so sellers still have some momentum. Homes take about 26 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,190 a month.
ZIP 01118 — Springfield
The 01118 housing market is characterized by competitive conditions with a median sale price of approximately $331,402. While demand remains steady, the market faces headwinds related to operational costs and school performance metrics, leading to a cautious outlook for potential investors and buyers.
This ZIP is primarily suited for family buyers and local commuters seeking suburban residential options within the Springfield market, though investors should approach with caution regarding operational margins.
Median prices moved up 2.6% year over year.
Homes spend a median of 26 days on market with 0.0 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 4.3% · poverty 15.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01118, 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, with local elementary schools like Frederick Harris receiving moderate ratings while secondary institutions in the district generally face significant performance challenges.
The ZIP offers suburban access to the Springfield employment core via local arterial roads and proximity to regional highway networks.
The area features local residential parks and is within a short drive of the broader Springfield amenity base, including shopping and dining districts.
The rental market shows a median asking rent of $1,746 per month, with market conditions requiring disciplined underwriting due to vacancy and operational costs.
The local economy is anchored by the broader Springfield industrial and service sectors, with employment opportunities concentrated in the city's core.
Data not available via standard ACS ZCTA tables in current search.
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 England4.25.8 mi
- Sonny's Place4.57.9 mi
- Dave & Buster's Manchester4.119.7 mi
- Spare Time Windsor Locks4.413.6 mi
- Round1 Bowling & Arcade - Holyoke4.17.9 mi
- Six Flags New England4.25.8 mi
- The Big E4.54.6 mi
- Eastern States Exposition4.54.8 mi
- Golden Corral Buffet & Grill4.13.9 mi
- Big E Gate 14.65 mi
- Six Flags New England4.25.8 mi
- Naismith Basketball Hall of Fame4.53 mi
- Eastern States Exposition4.54.8 mi
- Cinemark West Springfield 15 and XD4.55.8 mi
- Sonny's Place4.57.9 mi
- Amherst College4.319.3 mi
- Naismith Basketball Hall of Fame4.53 mi
- Springfield Armory National Historic Site4.83 mi
- New England Air Museum4.813 mi
- Springfield Museums4.73.2 mi
- Ashley Reservoir4.98.7 mi
- Bright Nights at Forest Park4.42.1 mi
- Chicopee Memorial State Park4.45.7 mi
- Windsor Locks Canal State Park Trail4.68.3 mi
- Szot Park4.54.9 mi
- Oxbow Marina4.414.8 mi
- Brunelle's Marina4.412.4 mi
- The Ranch Golf Club4.512.8 mi
- GREATHORSE4.85.1 mi
- Ledges Golf Club4.211.1 mi
- Twin Hills Country Club4.63.5 mi
- Cold Spring Country Club4.311.8 mi
- Holyoke Mall4.37.9 mi
- Burlington4.31.3 mi
- Marshalls & HomeGoods4.46.2 mi
- Kohl's4.25.6 mi
- Randall's Farm4.76.8 mi
- Bradley International Airport4.413.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Serves the local student population with various elementary and secondary campuses.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.