Indian Orchard, Springfield, MA—01151
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 $277,000, with a year-over-year change of 0.7%. This indicates that home prices in Indian Orchard, Springfield, MA are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 0.7% |
| Single Family | $283,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 1.3% |
3 Bed | $286,000 | 0.0% |
4 Bed | $304,000 | 0.7% |
| 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 $2,090, 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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,420 | $1,660 |
| 3 Bed Rent | $2,250 | $2,170 |
| 4 Bed Rent | $1,700 | $1,950 |
% 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 20. This is a decrease of -47.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $287,000 | -9.0% |
Listing Count | 11 | 150.0% |
| Listings as % of Homes | 0.1% | 150.0% |
Days on Market | 20 | -47.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,630 | 9.3% |
% Under 18 | 24.3% | -13.2% |
% Seniors | 13.4% | 12.6% |
% WFH | 5.6% | 143.5% |
% w/ College Degree | 17.0% | 15.6% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 | 569 |
Total Units Section 8 | 322 |
% Rentals under Section 8 | 16.5% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $277,000 |
| Median Household Income | $57,100 |