Insights / Springfield

Tight
Heating
Condition and direction
Springfield, MA · recomputed daily
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Springfield, MA Multifamily Market Read | September 2026

Springfield reads Tight and Heating, so landlords have the edge. Asking rents are firming, up 4.9% over the past year (Zillow ZORI, monthly, latest Aug 2026). This brief lays out what the current data shows for Springfield, grouped by how often each source updates.

Updated September 20, 2026

Asking rent YoY · monthly
+4.9%
Vacancy · 2024
4.2%
Jobs YoY · monthly
+1.1%

What is moving now (monthly)

Asking rents are firming, up 4.9% over the past year (Zillow ZORI, monthly, latest Aug 2026). Jobs are growing modestly, up 1.1% over the past year (BLS, monthly, latest Aug 2026).

The backdrop (yearly, US Census Bureau)

Vacancy was 4.2%, on the low side, a tight rental market, in the 2024 count (US Census Bureau). This is a yearly snapshot, not a monthly signal. New permitting was subdued, -83.0% in the 2025 count (US Census Bureau, building permits). A standing yearly figure, not a live signal. Net migration was negative at -0.9 per 1,000 residents in the 2025 count (US Census Bureau).

Rent context

The metro median rent, including utilities, was about $1,158 a month in the 2024 count (US Census Bureau).

What the data shows

Taken together, Springfield is Tight and heating: landlords have the edge. The monthly movers, asking rent and jobs, are the live part of the picture, while vacancy, permitting, and migration are yearly snapshots that set the backdrop. MetroSgnl reads the market from public data and shows every figure with its source and cadence. This is market information, not investment advice, and not a recommendation about any property.

Common questions about Springfield · answered from the data, updated September 20, 2026

Is the Springfield rental market tight or soft right now?

Springfield reads Tight right now, so landlords have the edge.

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, because it reads Tight.

What is the vacancy rate in Springfield?

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

How much have Springfield rents changed?

Asking rents in Springfield are up 4.9% over the past year (Zillow ZORI, monthly, latest Aug 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

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
Springfield proposes rental registry, street-by-street improvements in new housing planMassLive.com
Mass. introduces $15M grant to create housing in downtown communitiesWestern Mass News
Springfield seeks input on middle-class housing planWWLP
Springfield seeks public input on proposed housing strategyWWLP
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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