01128, Springfield, MA

The Springfield, MA 1128 zip code has a median home value of $191,000 and a median home equity of $141,000. The zip code has seen a significant increase in home values over the past five years, with prices increasing by an average of 10.4% annually. In addition to the overall increase in home values, there has been a significant increase in the number of homes sold within the 1128 zip code over the past five years. This is likely due to both the increased demand for housing within Springfield as well as the strong economy and low unemployment rates in Massachusetts.

While there is certainly potential for further appreciation in Springfield homes over the next few years, it is important to keep in mind that prices can also decline significantly if market conditions change or if there are any unforeseen events that impact homeownership rates or demand for housing within a particular area. Therefore, it is always important to consult with an experienced real estate agent when making decisions about purchasing or selling a home.