2026 Affordability Data
Most Affordable Neighborhoods in Springfield - 2026 Data
The median home value in Springfield is $198,500, 30% below nat'l avg. Median rent is $1,036/month. With an affordability index of 124, Springfield is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Springfield, MA area.
Key Takeaways: Affordability in Springfield
- 1The most affordable neighborhood in Springfield is Quincy, with a median home value of $563,200.
- 2Springfield's median home value is $198,500, 30% below nat'l avg (national: $281,900).
- 3Springfield's affordability index is 124 (baseline 100), making it more affordable than the national average.
- 4Median rent in Springfield is $1,036/month, 11% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Springfield to find the most affordable areas based on home values, rent, and affordability index.
Springfield Affordability Overview
Median Home Value
$198,500
30% below nat'l avg
Median Rent
$1,036/mo
11% below nat'l avg
Median Income
$47,677
36% below nat'l avg
Affordability Index
124
24% above nat'l avg
Most Affordable Neighborhoods in Springfield (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | QuincyMA | $563,200 |
| 2 | LynnMA | $442,800 |
| 3 | New BedfordMA | $291,300 |
| 4 | Fall RiverMA | $328,100 |
| 5 | NewtonMA | $1,136,200 |
| 6 | FraminghamMA | $553,200 |
| 7 | HaverhillMA | $400,900 |
| 8 | MaldenMA | $570,600 |
| 9 | WalthamMA | $679,000 |
| 10 | PalmerMA | $232,300 |
| 11 | MedfordMA | $669,600 |
| 12 | RevereMA | $518,600 |
| 13 | TauntonMA | $359,500 |
| 14 | WeymouthMA | $469,300 |
| 15 | LowellMA | $362,800 |
Detailed Neighborhood Profiles
Home Value: $563,200
Rent: $1,036/mo
Affordability: 124
Population: 100,981
Walk Score: 29/100
Home Value: $442,800
Rent: $1,036/mo
Affordability: 124
Population: 100,653
Walk Score: 29/100
Home Value: $291,300
Rent: $1,036/mo
Affordability: 124
Population: 100,620
Walk Score: 29/100
4
Home Value: $328,100
Rent: $1,036/mo
Affordability: 124
Population: 93,638
Walk Score: 29/100
5
Home Value: $1,136,200
Rent: $1,036/mo
Affordability: 124
Population: 88,453
Walk Score: 29/100
6
Home Value: $553,200
Rent: $1,036/mo
Affordability: 124
Population: 71,805
Walk Score: 29/100
7
Home Value: $400,900
Rent: $1,036/mo
Affordability: 124
Population: 67,273
Walk Score: 29/100
8
Home Value: $570,600
Rent: $1,036/mo
Affordability: 124
Population: 65,463
Walk Score: 29/100
9
Home Value: $679,000
Rent: $1,036/mo
Affordability: 124
Population: 64,711
Walk Score: 29/100
10
Home Value: $232,300
Rent: $1,036/mo
Affordability: 124
Population: 12,422
Walk Score: 29/100
11
Home Value: $669,600
Rent: $1,036/mo
Affordability: 124
Population: 61,748
Walk Score: 29/100
12
Home Value: $518,600
Rent: $1,036/mo
Affordability: 124
Population: 60,577
Walk Score: 29/100
13
Home Value: $359,500
Rent: $1,036/mo
Affordability: 124
Population: 59,436
Walk Score: 29/100
14
Home Value: $469,300
Rent: $1,036/mo
Affordability: 124
Population: 57,300
Walk Score: 29/100
15
Home Value: $362,800
Rent: $1,036/mo
Affordability: 124
Population: 114,737
Walk Score: 29/100
Frequently Asked Questions About Affordability in Springfield
What is the most affordable neighborhood in Springfield, MA?▾
Based on 2026 data, Quincy is the most affordable neighborhood in Springfield with a median home value of $563,200. Kurby analyzed 15 neighborhoods in the Springfield area to compile these rankings.
What is the median home price in Springfield, MA?▾
The median home price in Springfield is $198,500, which is 30% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Springfield affordable compared to the national average?▾
Springfield has an affordability index of 124, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Springfield, MA?▾
The median monthly rent in Springfield is $1,036. This is 11% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Springfield?▾
The median household income in Springfield is $47,677 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Springfield are below the national average home price?▾
1 out of 15 ranked neighborhoods in Springfield have a median home value below the national average of $281,900. The most affordable is Palmer at $232,300 (Source: Kurby, 2026).