Springfield multifamily market, October 2026

Landlords have the edge in Springfield, and it is heating: asking rents are up 4.2% on a year, while jobs grew 0.1%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

+4.2%

Asking rent, year over year

Zillow · September 2026

+0.1%

Jobs, year over year

BLS · September 2026, preliminary

4.2%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 4.2% on a year to September 2026, which is the figure the condition is read from. Jobs are up 0.1% over the same year to September 2026, a first release the BLS revises the following month. Asking rents are climbing (September 2026).

The backdrop

These are yearly Census counts, not this month's: 4.2% of rentals sat empty in 2024, permits for new apartments were down 83% in 2025, more people moved out than in in 2025, and the typical rent was $1,158 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about Springfield

Answered from the data, updated October 31, 2026

Is the Springfield rental market tight or soft right now?

In Springfield right now, landlords have the edge, and it is heating.

Which way is the Springfield market heading?

Springfield is heating right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Springfield a landlord's or a renter's market?

Springfield is a landlord's market right now: landlords have the edge, and it is heating.

What is the vacancy rate in Springfield?

Vacancy in Springfield is 4.2% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Springfield rents changed?

Asking rents in Springfield are up 4.2% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Springfield Crossing housing receives backing for needed zone changeMassLive

Springfield housing project aims to provide workforce training and affordable housingWWLP

Springfield approves $100K grant for senior housing projectWWLP

Retail, housing proposed for Springfield’s derelict ‘chicken building’ at State, MainMassLive.com

Massachusetts awards funding for housing projects, including developments in Springfield, Chicopee, Northampton and ErvingWWLP

See all Springfield news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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