Housing market/Massachusetts/ZIP 01108
ZIP 01108 Springfield, Massachusetts
Springfield, MA MSA · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 01108 · MA — sent to you.
ZIP 01108 · MA
ACS rent vs 2BR SAFMR
ZIP 01108 — Springfield, MA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 01108
- 1-unit detached4,24637.5%
- 1-unit attached3713.3%
- 2–4 units4,72641.7%
- 5–49 units1,75515.5%
- 50+ units1821.6%
- Mobile470.4%
2–4 unit share 41.7% · 5–49 unit share 15.5% · combined 2–49 57.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,224 (all bedrooms, occupied rentals).
- Median contract rent $984.
- Renters paying ≥30% of income 57.3%; ≥50% 40.5%.
- FY2027 2BR SAFMR $1,860 (1.520× ACS median gross rent).
Population
27,409 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -1.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 5 projects, 246 units.
- HUD project-based assisted MF: 2 properties, 10 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 18 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 01108 52.8% of occupied households are renters; vacancy is 6.9%; ACS median gross rent is $1,224; population changed -1.6% between the 2018 and 2023 ACS vintages; the housing stock includes 4,726 units in 2–4-unit structures and 1,755 units in 5–49-unit structures; 5 LIHTC projects totaling 246 units; FY2027 2BR SAFMR is $1,860 versus ACS median gross rent of $1,224. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Massachusetts research
ZIP 01108 is a Census / HUD profile for Springfield, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 01108 — Springfield, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 01108?
ZIP 01108 (Springfield, MA MSA) has 27,409 residents, 10,552 households, a renter share of 52.8%, median household income of $51,851, and ACS 2023 median gross rent of $1,224. Vacancy is 6.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 01108?
ACS counts 3,057 units in 2-unit buildings, 1,669 in 3–4 unit buildings, 1,174 in 5–9, 240 in 10–19, and 341 in 20–49. Combined 2–49 unit stock is 6,481 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 01108?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,860. See the full schedule and 90–110% payment-standard band on the ZIP 01108 — Springfield, MA HUD Section 8 Payment Standards / SAFMR.
Does this Massachusetts ZIP profile include Georgia listings?
No. ZIP 01108 is Census / HUD research for Springfield, MA MSA. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.