T-RECS
powered by ResiShares
Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.
Read more about our T-RECS model hereWhere willrank amongst housing markets for price growth?
Springfield, MA
State
Massachusetts
Region
Northeast
2021 Population
695,305
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 176,392 homes | 51st |
| Home Price | $302,033 | 50th |
| Price Per sqft | $212/sqft | 59th |
| Lot Size | 0.37 acre(s) | 85th |
| Home Size | 1,463 sqft | 17th |
| 2 Year Price Growth | +6.01% | 24th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 66 years | 7th |
Population Age | 0 years | 83rd |
| Household Size | 2.37 people | 32nd |
| Economics | Percentile | |
|---|---|---|
| Household Income | $68,400 | 44th |
| 2 Year Household Income Growth | +6.99% | 20th |
Unemployment Rate | 4.50% | 37th |
2 Year Unemployment Rate Difference | -1.60% | 78th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 22nd |
| Population Growth Score | 21st |
| Price Growth Score | 11th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
96 / 200 ( 52nd %tile )Top 5 Historical T-RECS Matched Markets
1.
New Haven-Milford, CT
Year: 2016
Similarity Score: 89
2.
Hartford-East Hartford-Middletown, CT
Year: 2019
Similarity Score: 88
3.
Providence-Warwick, RI-MA
Year: 2020
Similarity Score: 88
4.
Milwaukee-Waukesha, WI
Year: 2018
Similarity Score: 87
5.
Akron, OH
Year: 2013
Similarity Score: 86
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 176,392 homes | 51st |
| Home Price | $302,033 | 50th |
| Price Per sqft | $212/sqft | 59th |
| Lot Size | 0.37 acre(s) | 85th |
| Home Size | 1,463 sqft | 17th |
| 2 Year Price Growth | +6.01% | 24th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 66 years | 7th |
Population Age | 0 years | 83rd |
| Household Size | 2.37 people | 32nd |
| Economics | Percentile | |
|---|---|---|
| Household Income | $68,400 | 44th |
| 2 Year Household Income Growth | +6.99% | 20th |
Unemployment Rate | 4.50% | 37th |
2 Year Unemployment Rate Difference | -1.60% | 78th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 22nd |
| Population Growth Score | 21st |
| Price Growth Score | 11th |