Indian Orchard, Springfield, MA—01129
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Indian Orchard, Springfield, MA
Home Price Trends — Indian Orchard, Springfield, MA
As of Oct '25, the median home price in Indian Orchard, Springfield, MA is $311,000, with a year-over-year change of 2.6%. This indicates that home prices in Indian Orchard, Springfield, MA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $311,000 | 2.6% |
| Single Family | $321,000 | 2.6% |
| Condos | $231,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $189,000 | 3.3% |
2 Bed | $257,000 | 3.2% |
3 Bed | $318,000 | 2.3% |
4 Bed | $364,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Indian Orchard, Springfield, MA
As of July '25, Rentcast reports the average rent in Indian Orchard, Springfield, MA is $2,140, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Indian Orchard, Springfield, MA is 1-bedrooms: $900, 2-bedrooms: $1,950, 3-bedrooms: $2,700. The most common rental property sizes in Indian Orchard, Springfield, MA are 2-bedroom and 3-bedroom, accounting for 54.6% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $900 |
| 2 Bed Rent | $1,950 | $1,950 |
| 3 Bed Rent | $2,700 | $2,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Indian Orchard, Springfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Indian Orchard, Springfield, MA is 42. This is a increase of 102.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 12.0% |
Listing Count | 15 | 21.0% |
| Listings as % of Homes | 0.3% | 21.0% |
Days on Market | 42 | 102.0% |
Demographics — Indian Orchard, Springfield, MA
As of the latest ACS Survey released in 2023, Indian Orchard, Springfield, MA has a population of 5,990, which has decreased by -11.4% over the past 5 years. Indian Orchard, Springfield, MA is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 31.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,990 | -11.4% |
% Under 18 | 17.2% | -12.2% |
% Seniors | 23.3% | 31.6% |
% WFH | 10.8% | 414.3% |
% w/ College Degree | 31.4% | 12.5% |
As of the latest ACS Survey released in 2023, Indian Orchard, Springfield, MA is a predominantly white area, with 54.3% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Indian Orchard, Springfield, MA is hispanic, making up 30.0% of the population. Foreign-born residents account for 5.9% of the population in Indian Orchard, Springfield, MA, and this percentage has decreased by 11.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.3% | -7.0% |
% Black | 11.1% | -32.7% |
% Hispanic | 30.0% | 67.6% |
% Asian | 1.6% | -27.3% |
% Foreign Born | 5.9% | -11.9% |
Mortgage and Risk — Indian Orchard, Springfield, MA
According to HUD data as of 2023, there were 101 mortgage originations in Indian Orchard, Springfield, MA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Indian Orchard, Springfield, MA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 101 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Indian Orchard, Springfield, MA
Indian Orchard, Springfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 241 |
Total Units Section 8 | 241 |
% Rentals under Section 8 | 46.2% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $900 | $1,340 |
| 2 Bedroom | -$290 | $1,950 | $1,660 |
| 3 Bedroom | -$680 | $2,700 | $2,020 |
| 4 Bedroom | N/A | N/A | $2,260 |
Affordability — Indian Orchard, Springfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $311,000 |
| Median Household Income | $92,500 |