Markets › Springfield
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Springfield MA
Current market read
Landlord’s market
ConditionTight
The yearly data reads a landlord's market, and the recent monthly signals are tightening further.
From public data. The situation now, not a forecast.
Renter Google searchabout 2,400 searches in July 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly
About 2,400 searches in July 2026, for Springfield on its own
What renters Google mostHousesSee all →Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Tightening lately, asking rents are climbing, as of Aug 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty. Yearly Census backdrop, not what sets the condition.
Asking rentZILLOW · MONTHLY
+4.9%
▲ Year over year
SEP ’24AUG ’26
Census 2024: +1.9% · US avg +5.2%
Median rentCENSUS · 2024
$1,158/mo
Typical rent, 2024 yearly count
In the news · SpringfieldNEWS · DAILY
Latest local coverage, 4 days ago.● softer● neutral● firmer
Retail, housing proposed for Springfield’s derelict ‘chicken building’ at State, MainMassachusetts awards funding for housing projects, including developments in Springfield, Chicopee, Northampton and ErvingSpringfield proposes rental registry, street-by-street improvements in new housing planView all 8 Springfield news →Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
Jobs+1.1%
Migration 2025-0.91/1k
SUPPLY
Permits 2025-83%
Vacancy 20244.2%
Rent vs buyFREDDIE MAC · WEEKLY
+$1,282/mo
Cheaper to rent than buying
rent $1,158 · own $2,440
$1,158RENT
$2,440OWN
Net migrationCENSUS · 2025
−0.91/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.