Pine Point, Springfield, MA—01119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pine Point, Springfield, MA
As of Oct '25, the median home price in Pine Point, Springfield, MA is $301,000, with a year-over-year change of 2.9%. This indicates that home prices in Pine Point, 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 | $301,000 | 3.0% |
| Single Family | $301,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $262,000 | 2.7% |
3 Bed | $302,000 | 2.7% |
4 Bed | $336,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pine Point, Springfield, MA
As of July '25, Rentcast reports the average rent in Pine Point, Springfield, MA is $1,960, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Pine Point, Springfield, MA is 1-bedrooms: $800, 2-bedrooms: $1,720, 4-bedrooms: $2,800. The most common rental property sizes in Pine Point, Springfield, MA are 2-bedroom and 3-bedroom, accounting for 60.4% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $1,800 | $1,720 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Pine Point, Springfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pine Point, Springfield, MA is 32. This is a increase of 55.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $311,000 | 6.0% |
Listing Count | 20 | -11.0% |
| Listings as % of Homes | 0.3% | -11.0% |
Days on Market | 32 | 55.0% |
Demographics — Pine Point, Springfield, MA
As of the latest ACS Survey released in 2023, Pine Point, Springfield, MA has a population of 14,100, which has increased by 3.2% over the past 5 years. Pine Point, Springfield, MA is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,100 | 3.2% |
% Under 18 | 20.9% | 2.5% |
% Seniors | 17.9% | 16.2% |
% WFH | 7.3% | 114.7% |
% w/ College Degree | 19.7% | -7.5% |
As of the latest ACS Survey released in 2023, Pine Point, Springfield, MA is a predominantly white area, with 41.3% of the population identifying as white. The white population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Pine Point, Springfield, MA is hispanic, making up 33.2% of the population. Foreign-born residents account for 6.8% of the population in Pine Point, Springfield, MA, and this percentage has increased by 4.6% 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 | 41.3% | -14.0% |
% Black | 22.6% | 11.9% |
% Hispanic | 33.2% | 16.5% |
% Asian | 4.1% | 173.3% |
% Foreign Born | 6.8% | 4.6% |
Mortgage and Risk — Pine Point, Springfield, MA
According to HUD data as of 2023, there were 248 mortgage originations in Pine Point, Springfield, MA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Pine Point, Springfield, MA. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 248 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Pine Point, Springfield, MA
Pine Point, Springfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 590 |
Total Units Section 8 | 577 |
% Rentals under Section 8 | 49.4% |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $800 | $1,290 |
| 2 Bedroom | -$200 | $1,800 | $1,600 |
| 3 Bedroom | N/A | N/A | $1,950 |
| 4 Bedroom | -$620 | $2,800 | $2,180 |
Affordability — Pine Point, Springfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $301,000 |
| Median Household Income | $59,200 |