Is Springfield, MA a good place to invest in rental property?

Springfield, MA has a median modeled monthly cash flow of $-283 and a median cap rate of 5.1%, on a median sold price of $325,000. Prices changed +1.0% year over year.

What is the average cap rate in Springfield, MA?

The median cap rate across recently sold homes in Springfield, MA is 5.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Springfield, MA?

The median sold price in Springfield, MA is $325,000 (about $208 per square foot).

Investing in Springfield, MA Real Estate

A data-driven snapshot of the Springfield, MA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$325,000Median sold price

$208Median $/sqft

5.1%Median cap rate

$-283Modeled cash flow / mo

+1.0%Appreciation YoY

5.1Months of supply

671Active listings

1,569Sold (last 12 mo)

What the Springfield numbers say

In Springfield, MA, the median home sold for $325,000 (about $208 per square foot), and the typical deal models out to a 5.1% cap rate with a median $-283 of monthly cash flow. Sold prices moved +1.0% over the past year. Inventory sits at about 5.1 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Massachusetts markets to compare

See Springfield cash-flowing listings

CashFlowRE ranks every for-sale home in Springfield, MA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Springfield deals, or browse the national market data.