The median home in Springfield, Massachusetts is valued at $288,598, up 2.4% year over year. Typical monthly rent is $1,850, producing a price-to-rent ratio of 13x — below the national average of 18x. Springfield is part of the Springfield, MA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
See the full metro analysis: Springfield, MA stress score, crash risk, and 12-month forecast →
Home Value$288,598
+2.4%
Rent$1,850/mo
AFFORDABILITYRenting $48/mo cheaper ($1,850 rent)6.50% 30yr, 20% down, county tax + MA ins. 28% per HUD.
Enter your income for Springfield.
$57,720 on $288,598
Stretch — 30.4% of income
Above 28% but manageable with cuts.
PITI$1,898
P/I30.4%
Afford$266K
Gap-$23K
P&I $1,459Tax $289Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Massachusetts
Compare Springfield with other housing markets across Massachusetts.
Full Springfield, MA analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Springfield, MA metro.
View Springfield, MA metro →