Home prices
The median home in Springfield costs $156,200. In comparison to the surrounding areas this is about $104,140 (40%) lower.It is approximately $61,300 (28%) lower in comparison to the nation as a whole, and in comparison to the city of Worcester it is about $70,900 (31%) lower.
Rents
The median monthly rent in Springfield is $877. It is about $129 (12%) lower compared to its surrounding areas.Compared to the entire country it is approximately $185 (17%) lower, and is approximately $218 (19%) lower in comparison to the city of Worcester.
Nearby places
Chicopee
Chicopee is Springfield's neighbor to the north. Housing prices there are a little more expensive. The median home in Chicopee is valued at $182,100, which works out to $25,900 (14%) higher than Springfield. Rent there is similar. In Chicopee the median monthly rent is $923, which works out to $46 (4%) higher than Springfield.
Longmeadow
Longmeadow is Springfield's neighbor to the south. The real estate prices there are a lot more expensive. The median home in Longmeadow costs $343,700, which is $187,500 (54%) higher than Springfield. Its rents are a lot more expensive. The median monthly rent in Longmeadow is $1,353, which comes out to $476 (35%) higher than Springfield.
West Springfield Town
West Springfield Town is Springfield's neighbor to the west. Its housing prices are a bit more expensive. The median home in West Springfield Town is valued at $225,100, which works out to $68,900 (30%) higher than Springfield. Rents there are pretty similar. In West Springfield Town the median monthly rent is $878, which is very similar to Springfield.
Agawam Town
Agawam Town is Springfield's neighbor to the southwest. Housing prices there are substantially more expensive. The median home price in Agawam Town is $230,700, which works out to $74,500 (32%) higher than Springfield. Its rents are somewhat more expensive. Agawam Town's median monthly rent is $1,098, which comes out to $221 (20%) higher than Springfield.
Wilbraham
Wilbraham is roughly 4 miles east of Springfield. Its housing prices are significantly more expensive. The median home cost in Wilbraham is $320,100, which comes out to $163,900 (51%) higher than Springfield. Its rents are a bit less expensive. Wilbraham's median rent is $777 a month, which is $100 (12%) lower than Springfield.
