Property Prices in Springfield, MA, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 3.19 |
| Mortgage as Percentage of Income: | 28.25% |
| Loan Affordability Index: | 3.54 |
| Price to Rent Ratio - City Centre: | 7.84 |
| Price to Rent Ratio - Outside of Centre: | 7.15 |
| Gross Rental Yield (City Centre): | 12.76% |
| Gross Rental Yield (Outside of Centre): | 13.99% |
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Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | 1,483.33 $ | |
| 1 Bedroom Apartment Outside of City Centre | 1,700.00 $ | |
| 3 Bedroom Apartment in City Centre | 2,425.00 $ | |
| 3 Bedroom Apartment Outside of City Centre | 2,500.00 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 225.97 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 225.97 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,809.00 $ | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.36 |
These data are based on 37 entries from 9 contributors over the past 18 months.
Last update: 30 November 2025
Sources and References
Nearby Cities:| Property Prices in Westfield, Massachusetts | 13.47 miles |
| Property Prices in Northampton, Massachusetts | 19.45 miles |
| Property Prices in Hartford, Connecticut | 27.19 miles |
| Property Prices in Wallingford, Connecticut | 51.07 miles |
| Property Prices in New Haven, Connecticut | 64.08 miles |
| Property Prices in Ashland, Massachusetts | 69.94 miles |
| Property Prices in Keene, New Hampshire | 71.22 miles |
| Property Prices in Leominster, Massachusetts | 73.01 miles |
| Property Prices in Natick, Massachusetts | 74.20 miles |
| Property Prices in Pawtucket, Rhode Island | 83.60 miles |
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