Springfield, MA Real Estate
According to census data in the year 2000 there were 61,172 housing units in Springfield.
This represents a 0.2% decline from 61,320 in 1990.
Of those housing units, 61,172 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Springfield is about 49.9%.
Springfield's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Springfield were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.90% |
| One Bedroom | 15.30% |
| Two Bedrooms | 34% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $87,300 |
| Median Price asked for vacant units | $77,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $505 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6% |
| Home Equity Loan | 8.40% |
| Simple Mortgage | 52.60% |
| Debt Free | 32.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
