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The median home value in Springfield, MA is $307,092 as of 2026-07-31, up 3.99% from a year earlier.
Median Home Value
$307,092
Year-over-Year
+3.99%
Population
155,491
Springfield ranks #132 of 134 Massachusetts cities tracked here by median home value, and sits 53.8% below the state's city median of $664,186. It sits in Hampden County, where the county-wide median is $357,811.
Median household income in Springfield is $52,656, so the typical home value is about 5.8× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Springfield police recorded a violent crime rate of 891 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 2,836 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Springfield, that value is $307,092. That's up 3.99% from a year earlier. It is about 53.8% below the typical Massachusetts city tracked here.
Homes in Springfield are cheaper than Hampden County as a whole, where the median is $357,811 — a difference of about 14.2%.
Median household income here is $52,656, so the typical home value is about 5.8× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Springfield police reported 891 violent crimes per 100,000 residents, covering a population of about 155,491. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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