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 | 198,944 homes | 52nd |
| Home Price | $271,824 | 47th |
| Price Per sqft | $199/sqft | 58th |
| Lot Size | 0.34 acre(s) | 85th |
| Home Size | 1,389 sqft | 13th |
| 2 Year Price Growth | +16.56% | 25th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 66 years | 9th |
Population Age | 40 years | 33rd |
| Household Size | 2.38 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 | 26th |
| Population Growth Score | 6th |
| Price Growth Score | 13th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
103 / 200 ( 49th %tile )Top 5 Historical T-RECS Matched Markets
1.
Providence-Warwick, RI-MA
Year: 2019
Similarity Score: 91
2.
Syracuse, NY
Year: 2016
Similarity Score: 90
3.
Cleveland-Elyria, OH
Year: 2015
Similarity Score: 89
4.
Tulsa, OK
Year: 2018
Similarity Score: 89
5.
Norwich-New London, CT
Year: 2016
Similarity Score: 89
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 198,944 homes | 52nd |
| Home Price | $271,824 | 47th |
| Price Per sqft | $199/sqft | 58th |
| Lot Size | 0.34 acre(s) | 85th |
| Home Size | 1,389 sqft | 13th |
| 2 Year Price Growth | +16.56% | 25th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 66 years | 9th |
Population Age | 40 years | 33rd |
| Household Size | 2.38 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 | 26th |
| Population Growth Score | 6th |
| Price Growth Score | 13th |