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T-RECS
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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 here
Where will
rank amongst housing markets for price growth?

Springfield, MA
State
Massachusetts
Region
Northeast
2021 Population
695,305
Map location of Springfield, MA
Market Details
Percentile
Housing Population199,181 homes
52nd
Home Price$275,349
46th
Price Per sqft$200/sqft
58th
Lot Size0.34 acre(s)
85th
Home Size1,403 sqft
13th
2 Year Price Growth+14.71%
18th
Demographics
Percentile
Home Age
66 years
9th
Population Age
40 years
33rd
Household Size2.38 people
26th
Economics
Percentile
Household Income$65,520
50th
2 Year Household Income Growth+5.09%
42nd
Unemployment Rate
7.70%
14th
2 Year Unemployment Rate Difference
+3.20%
10th
ResiShares Market Factors
Percentile
Economic Growth Score
17th
Population Growth Score
4th
Price Growth Score
22nd
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.

Syracuse, NY

Year: 2016

Similarity Score: 91

2.

Providence-Warwick, RI-MA

Year: 2020

Similarity Score: 90

3.

Grand Rapids-Kentwood, MI

Year: 2010

Similarity Score: 90

4.

Cincinnati, OH-KY-IN

Year: 2012

Similarity Score: 89

5.

Akron, OH

Year: 2012

Similarity Score: 89

Market Details
Percentile
Housing Population199,181 homes
52nd
Home Price$275,349
46th
Price Per sqft$200/sqft
58th
Lot Size0.34 acre(s)
85th
Home Size1,403 sqft
13th
2 Year Price Growth+14.71%
18th
Demographics
Percentile
Home Age
66 years
9th
Population Age
40 years
33rd
Household Size2.38 people
26th
Economics
Percentile
Household Income$65,520
50th
2 Year Household Income Growth+5.09%
42nd
Unemployment Rate
7.70%
14th
2 Year Unemployment Rate Difference
+3.20%
10th
ResiShares Market Factors
Percentile
Economic Growth Score
17th
Population Growth Score
4th
Price Growth Score
22nd