Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 28,629 people, 12,402 houses or apartments, and a median cost of homes of $331,304, West Springfield real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, West Springfield homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in West Springfield, accounting for 52.52% of the city's housing units. Other types of housing that are prevalent in West Springfield include large apartment complexes or high rise apartments ( 24.13%), duplexes, homes converted to apartments or other small apartment buildings ( 18.71%), and a few row houses and other attached homes ( 3.15%).
The most prevalent building size and type in West Springfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.43% owning and 43.57% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. West Springfield's housing was primarily built during this period, from the '40s through the '60s. A full 36.03% of the city's housing hails from this era. Other housing ages represented in West Springfield include homes built between 1970-1999 ( 29.87%) and housing constructed before 1939 ( 28.76%). There's also some housing in West Springfield built between 2000 and later ( 5.34%).
West Springfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Springfield during the period has been just 4.40%, which is lower than 70% of US communities.
Over the last year, West Springfield appreciation rates have trailed the rest of the nation. In the last twelve months, West Springfield's appreciation rate has been 9.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Springfield were at 4.14%, which equates to an annual appreciation rate of 17.62%.
Relative to Massachusetts, our data show that West Springfield's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within West Springfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Springfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best West Springfield real estate investment or home purchase decisions.
High for Nation
Very Low for MA