Sixteen Acres, Springfield, MA—01128
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sixteen Acres, Springfield, MA
As of Nov '25, the median home price in Sixteen Acres, Springfield, MA is $324,000, with a year-over-year change of 2.2%. This indicates that home prices in Sixteen Acres, Springfield, MA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 2.2% |
| Single Family | $324,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | 0.7% |
3 Bed | $320,000 | 1.6% |
4 Bed | $352,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sixteen Acres, Springfield, MA
Sixteen Acres, Springfield, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,750 | $2,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sixteen Acres, Springfield, MA
As of Nov '25, Realtor.com reports that the median days on market for a home in Sixteen Acres, Springfield, MA is 22. This is a increase of 3.0% 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 80.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | 17.0% |
Listing Count | 5 | 44.0% |
| Listings as % of Homes | 0.4% | 44.0% |
Days on Market | 22 | 3.0% |
Demographics — Sixteen Acres, Springfield, MA
As of the latest ACS Survey released in 2023, Sixteen Acres, Springfield, MA has a population of 3,250, which has increased by 21.7% over the past 5 years. Sixteen Acres, Springfield, MA is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,250 | 21.7% |
% Under 18 | 25.4% | 53.9% |
% Seniors | 16.7% | -26.1% |
% WFH | 8.0% | 128.6% |
% w/ College Degree | 39.0% | 74.9% |
As of the latest ACS Survey released in 2023, Sixteen Acres, Springfield, MA is a predominantly white area, with 66.8% of the population identifying as white. The white population has grown by 12.5% in the last 5 years. The second most common race or ethnicity in Sixteen Acres, Springfield, MA is hispanic, making up 20.2% of the population. Foreign-born residents account for 5.5% of the population in Sixteen Acres, Springfield, MA, and this percentage has decreased by 62.3% 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 | 66.8% | 12.5% |
% Black | 7.7% | -52.2% |
% Hispanic | 20.2% | 18.1% |
% Asian | 1.8% | -25.0% |
% Foreign Born | 5.5% | -62.3% |
Mortgage and Risk — Sixteen Acres, Springfield, MA
According to HUD data as of 2023, there were 89 mortgage originations in Sixteen Acres, Springfield, MA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Sixteen Acres, Springfield, MA. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 89 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Rentals and Section 8 — Sixteen Acres, Springfield, MA
Sixteen Acres, Springfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,310 |
| 2 Bedroom | N/A | N/A | $1,620 |
| 3 Bedroom | -$770 | $2,750 | $1,980 |
| 4 Bedroom | N/A | N/A | $2,210 |
Affordability — Sixteen Acres, Springfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $324,000 |
| Median Household Income | $92,100 |