Home prices
The median home price in Springfield is $133,900. It is approximately $18,180 (11%) lower in comparison to its surrounding areas.In comparison to the rest of the country it is approximately $83,600 (38%) lower, and compared to the city of Worcester is about $93,200 (41%) lower.
Rents
Springfield's median monthly rent is $846. In comparison to the surrounding areas this is roughly $133 (13%) lower.Compared to the rest of the nation it is about $216 (20%) lower, and in comparison to the city of Worcester is approximately $249 (22%) lower.
Nearby places
North Springfield
North Springfield is about 3 miles northwest of Springfield. The real estate prices there are similar. The value of the median home in North Springfield is $133,800, which is very similar to Springfield. Its rents are somewhat more expensive. The median monthly rent in North Springfield is $960, which works out to $114 (11%) higher than Springfield.
Charlestown
Charlestown is roughly 4 miles southeast of Springfield. Real estate prices there are fairly similar. The median home in Charlestown costs $130,100, which is $3,800 (2%) lower than Springfield. Rent there is somewhat more expensive. The median monthly rent in Charlestown is $969, which is $123 (12%) higher than Springfield.
Chester
Chester is roughly 5 miles west of Springfield. Real estate prices there are a lot more expensive. The median home in Chester costs $210,500, which works out to $76,600 (36%) higher than Springfield. Rents there are somewhat less expensive. In Chester the median rent is $649 per month, which comes out to $197 (30%) lower than Springfield.
Claremont
Claremont is approximately 8 miles northeast of Springfield. Its real estate prices are fairly similar. The value of the median home in Claremont is $133,500, which is very similar to Springfield. Rent there is a bit more expensive. In Claremont the median monthly rent is $982, which works out to $136 (13%) higher than Springfield.
Cavendish
Cavendish is roughly 8 miles northwest of Springfield. The real estate prices there are a little more expensive. Cavendish's median home cost is $152,500, which works out to $18,600 (12%) higher than Springfield. Rents there are significantly more expensive. The median rent in Cavendish is $1,336 a month, which is $490 (36%) higher than Springfield.
