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Indian Orchard, Springfield, MA—01151

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$272,000
0.4% YoY Growth
Household Income
$57,100
39.3% YoY Growth
Days on Market
91
48.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
$2,200
34.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,420
5.1% YoY Growth
3-Bed Rent
$2,250
29.9% YoY Growth

Other Zip Codes in Indian Orchard, Springfield, MA

01129
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Indian Orchard, Springfield, MA

As of Dec '25, the median home price in Indian Orchard, Springfield, MA is $272,000, with a year-over-year change of 0.4%. This indicates that home prices in Indian Orchard, Springfield, MA are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$272,0000.4%
Single Family $278,0000.4%
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
    		$235,0001.3%
    3 Bed
    		$283,0000.4%
    4 Bed
    		$299,0000.7%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    9.8%
    2 Bedrooms
    41.2%
    3 Bedrooms
    35.6%
    4 Bedrooms
    8.9%
    5+ Bedrooms
    3.4%

    Rental Trends — Indian Orchard, Springfield, MA

    As of July '25, Rentcast reports the average rent in Indian Orchard, Springfield, MA is $2,090, with a year-over-year rent change of 34.8%. Per bedroom, the median rent as of July '25 in Indian Orchard, Springfield, MA is 2-bedrooms: $1,660, 3-bedrooms: $2,170, 4-bedrooms: $1,950. The most common rental property sizes in Indian Orchard, Springfield, MA are 2-bedroom and 3-bedroom, accounting for 52.9% and 25.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,200$2,090
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,420$1,660
    3 Bed Rent $2,250$2,170
    4 Bed Rent $1,700$1,950
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    % of Rental Stock

    Studio
    2.3%
    1 Bedroom
    11.1%
    2 Bedrooms
    52.9%
    3 Bedrooms
    25.2%
    4 Bedrooms
    5.0%
    5+ Bedrooms
    3.4%

    Property Listings — Indian Orchard, Springfield, MA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Indian Orchard, Springfield, MA is 62. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$257,000-5.0%
    Listing Count
    		510.0%
    Listings as % of Homes0.1%10.0%
    Days on Market
    		9148.0%
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    Demographics — Indian Orchard, Springfield, MA

    As of the latest ACS Survey released in 2023, Indian Orchard, Springfield, MA has a population of 9,630, which has increased by 9.3% over the past 5 years. Indian Orchard, Springfield, MA is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,6309.3%
    % Under 18
    		24.3%-13.2%
    % Seniors
    		13.4%12.6%
    % WFH
    		5.6%143.5%
    % w/ College Degree
    		17.0%15.6%
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    As of the latest ACS Survey released in 2023, Indian Orchard, Springfield, MA is a predominantly hispanic area, with 47.1% of the population identifying as hispanic. The hispanic population has grown by 34.2% in the last 5 years. The second most common race or ethnicity in Indian Orchard, Springfield, MA is white, making up 31.3% of the population. Foreign-born residents account for 11.6% of the population in Indian Orchard, Springfield, MA, and this percentage has increased by 14.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		31.3%-21.0%
    % Black
    		19.0%-19.8%
    % Hispanic
    		47.1%34.2%
    % Asian
    		1.3%18.2%
    % Foreign Born
    		11.6%14.9%
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    Mortgage and Risk — Indian Orchard, Springfield, MA

    According to HUD data as of 2023, there were 110 mortgage originations in Indian Orchard, Springfield, MA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Indian Orchard, Springfield, MA. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		110
    % Conventional Loans
    		61.0%
    % Government Loans
    		39.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    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
    		569
    Total Units Section 8
    		322
    % Rentals under Section 8
    		16.5%
    % Occupied Section 8
    		87.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,300
    2 Bedroom$200$1,420$1,620
    3 Bedroom-$280$2,250$1,970
    4 Bedroom$510$1,700$2,210

    Affordability — Indian Orchard, Springfield, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$272,000
    Median Household Income$57,100

    Indian Orchard, Springfield, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Pine Point, Springfield, MA

    01119

    Indian Orchard, Springfield, MA

    01129

    Bay, Springfield, MA

    01109

    Chicopee, MA

    01022

    East Forest Park, Springfield, MA

    01118

    Frequently Asked Questions