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Liberty Heights, Springfield, MA—01104

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$276,000
1.0% YoY Growth
Household Income
$47,500
52.8% YoY Growth
Days on Market
46
42.0% Longer YoY
Home Price Forecast
2.6%
Median Rent
$1,600
1.2% YoY Growth
1-Bed Rent
$995
7.6% YoY Growth
2-Bed Rent
$1,600
9.7% YoY Growth
3-Bed Rent
$2,350
21.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Liberty Heights, Springfield, MA

As of Dec '25, the median home price in Liberty Heights, Springfield, MA is $276,000, with a year-over-year change of 1.0%. This indicates that home prices in Liberty Heights, Springfield, MA are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$276,0001.0%
Single Family $276,0001.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$249,0000.8%
    3 Bed
    		$279,0000.7%
    4 Bed
    		$297,0001.7%
    5 Bed $323,2921.1%
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    % of Housing Stock

    Studio
    2.3%
    1 Bedroom
    16.7%
    2 Bedrooms
    30.7%
    3 Bedrooms
    37.3%
    4 Bedrooms
    11.4%
    5+ Bedrooms
    1.6%

    Rental Trends — Liberty Heights, Springfield, MA

    As of July '25, Rentcast reports the average rent in Liberty Heights, Springfield, MA is $1,690, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Liberty Heights, Springfield, MA is 1-bedrooms: $1,090, 2-bedrooms: $1,690, 3-bedrooms: $2,200, 4-bedrooms: $2,400. The most common rental property sizes in Liberty Heights, Springfield, MA are 2-bedroom and 1-bedroom, accounting for 36.2% and 31.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,690
    Studio Rent N/AN/A
    1 Bed Rent $995$1,090
    2 Bed Rent $1,600$1,690
    3 Bed Rent $2,350$2,200
    4 Bed Rent $2,300$2,400
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    % of Rental Stock

    Studio
    3.9%
    1 Bedroom
    31.3%
    2 Bedrooms
    36.2%
    3 Bedrooms
    26.2%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    0.4%

    Property Listings — Liberty Heights, Springfield, MA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Liberty Heights, Springfield, MA is 29. This is a increase of 60.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$289,0006.0%
    Listing Count
    		1810.0%
    Listings as % of Homes0.1%10.0%
    Days on Market
    		4642.0%
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    Demographics — Liberty Heights, Springfield, MA

    As of the latest ACS Survey released in 2023, Liberty Heights, Springfield, MA has a population of 21,700, which has decreased by -8.9% over the past 5 years. Liberty Heights, Springfield, MA is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		21,700-8.9%
    % Under 18
    		25.5%-2.7%
    % Seniors
    		13.8%7.8%
    % WFH
    		3.8%40.7%
    % w/ College Degree
    		12.8%-7.9%
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    As of the latest ACS Survey released in 2023, Liberty Heights, Springfield, MA is a predominantly hispanic area, with 59.8% of the population identifying as hispanic. The hispanic population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Liberty Heights, Springfield, MA is white, making up 24.8% of the population. Foreign-born residents account for 9.4% of the population in Liberty Heights, Springfield, MA, and this percentage has increased by 9.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		24.8%-9.8%
    % Black
    		13.6%20.4%
    % Hispanic
    		59.8%-1.2%
    % Asian
    		1.0%-33.3%
    % Foreign Born
    		9.4%9.3%
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    Mortgage and Risk — Liberty Heights, Springfield, MA

    According to HUD data as of 2023, there were 341 mortgage originations in Liberty Heights, Springfield, MA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Liberty Heights, Springfield, MA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		341
    % Conventional Loans
    		63.0%
    % Government Loans
    		37.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Liberty Heights, Springfield, MA

    As of 2024, the percent of homes in Liberty Heights, Springfield, MA under the Section 8 program is 35.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Liberty Heights, Springfield, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		2,154
    Total Units Section 8
    		1,630
    % Rentals under Section 8
    		35.1%
    % Occupied Section 8
    		88.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$255$995$1,250
    2 Bedroom-$50$1,600$1,550
    3 Bedroom-$460$2,350$1,890
    4 Bedroom-$190$2,300$2,110

    Affordability — Liberty Heights, Springfield, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$276,000
    Median Household Income$47,500

    Liberty Heights, Springfield, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Bay, Springfield, MA

    01109

    South End, Springfield, MA

    01105

    Metro Center, Springfield, MA

    01103

    North End, Springfield, MA

    01107

    Chicopee, MA

    01020

    Frequently Asked Questions