Metro Center, Springfield, MA—01103
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metro Center, Springfield, MA
As of Oct '25, the median home price in Metro Center, Springfield, MA is $160,000, with a year-over-year change of 0.5%. This indicates that home prices in Metro Center, Springfield, MA are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | 0.5% |
| Single Family | N/A | N/A |
| Condos | $152,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $210,000 | 3.4% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Metro Center, Springfield, MA
As of July '25, Rentcast reports the average rent in Metro Center, Springfield, MA is $1,500, with a year-over-year rent change of -14.8%. Per bedroom, the median rent as of July '25 in Metro Center, Springfield, MA is 1-bedrooms: $1,390, 2-bedrooms: $1,910. The most common rental property sizes in Metro Center, Springfield, MA are 1-bedroom and 2-bedroom, accounting for 44.8% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,390 |
| 2 Bed Rent | $1,600 | $1,910 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Metro Center, Springfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Metro Center, Springfield, MA is 38. This is a increase of 252.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $152,000 | -27.0% |
Listing Count | 6 | 75.0% |
| Listings as % of Homes | 0.1% | 75.0% |
Days on Market | 38 | 252.0% |
Demographics — Metro Center, Springfield, MA
As of the latest ACS Survey released in 2023, Metro Center, Springfield, MA has a population of 2,340, which has decreased by -2.2% over the past 5 years. Metro Center, Springfield, MA is a less popular place for families, as children make up 12.9% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,340 | -2.2% |
% Under 18 | 12.9% | -15.7% |
% Seniors | 14.1% | 19.5% |
% WFH | 5.3% | 8.2% |
% w/ College Degree | 36.2% | 56.0% |
As of the latest ACS Survey released in 2023, Metro Center, Springfield, MA is a predominantly hispanic area, with 51.0% of the population identifying as hispanic. The hispanic population has shrunk by 19.8% in the last 5 years. The second most common race or ethnicity in Metro Center, Springfield, MA is white, making up 24.4% of the population. Foreign-born residents account for 15.5% of the population in Metro Center, Springfield, MA, and this percentage has increased by 30.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 24.4% | 34.8% |
% Black | 19.6% | 51.9% |
% Hispanic | 51.0% | -19.8% |
% Asian | 2.2% | -4.3% |
% Foreign Born | 15.5% | 30.3% |
Mortgage and Risk — Metro Center, Springfield, MA
According to HUD data as of 2023, there were 2 mortgage originations in Metro Center, Springfield, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Metro Center, Springfield, MA. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Metro Center, Springfield, MA
Metro Center, Springfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 693 |
Total Units Section 8 | 692 |
% Rentals under Section 8 | 49.5% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,400 | $1,360 |
| 2 Bedroom | $90 | $1,600 | $1,690 |
| 3 Bedroom | N/A | N/A | $2,060 |
| 4 Bedroom | N/A | N/A | $2,300 |
Affordability — Metro Center, Springfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $160,000 |
| Median Household Income | $21,500 |