Property Prices in Springfield, MA, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 3.55 |
| Mortgage as Percentage of Income: | 31.74% |
| Loan Affordability Index: | 3.15 |
| Price to Rent Ratio - City Centre: | 8.33 |
| Price to Rent Ratio - Outside of Centre: | 6.72 |
| Gross Rental Yield (City Centre): | 12.00% |
| Gross Rental Yield (Outside of Centre): | 14.88% |
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Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,300.00 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,800.00 $ | |
| Apartment (3 bedrooms) in City Centre | 2,433.33 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,600.00 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 223.48 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 223.48 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,388.38 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.49 |
These data are based on 31 entries from 12 contributors over the past 18 months.
Last update: April 2025
Sources and References
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