Markets › Springfield
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Springfield MA Apartment Market Read
Current market read
Landlord’s market
ConditionTight
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are heating up further.
From public data. The situation now, not a forecast.
Renter Google searchabout 2,400 searches in August 2026 · HousesSee read → What renters Google mostHousesSee all →
Renter Google Search InterestGoogle · monthly
About 2,400 searches in August 2026, for Springfield on its own
November is usually one of the quietest months for renter searches here.
Attention, not a verdict. Google searches for apartments to rent.
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The day asking rent growth (now +4.2%) or job growth (now +0.1%) moves half a point, you get an email. Plus two years of history and the report.
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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Asking rents are climbing (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+0.1%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,834 a month
September 2026, ▲ up 4.2% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +1.9% · US avg +4.6%
Median rentCENSUS · 2024
$1,158/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
In the news · SpringfieldNEWS · DAILY
Latest local coverage, 1 week ago. softer neutral firmer
Springfield Crossing housing receives backing for needed zone changeHorvath & Tremblay completes the sale of two multi-family properties in Western, Mass. for $18.5 millionSpringfield housing project aims to provide workforce training and affordable housingDemand vs supplyCENSUS + BLS
Weak demand
DEMAND
Jobs+0.1%
Migration 2025−0.9/1k
SUPPLY
Permits 2025-83%
Vacancy 20244.2%
Rent vs buyWEEKLY RATE · 2024 RENT
+$1,501/mo
Cheaper to rent than buying
rent $1,158 · own $2,659
$1,158RENT
$2,659OWN
Domestic migrationCENSUS · 2025
−0.9/1k
▼ More people left for other US places than moved in. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.