Zip lookup · MA

01108
Springfield, Massachusetts.

Springfield, Hampden County, MA · Springfield, MA metro · population 27,405

What it costs per month · 01108 $1,589/mo

to buy the typical home at today's mortgage rate — +$944 (+146%) since Jan 2020.

What the home itself did
1 year
Up $12,488 +4%
$290,188$302,676 since Sep 2025
5 years
Up $72,484 +31%
$230,192$302,676 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 01108 $1,589 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 01108$1,589
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 13 years.

Typical home values in zip 01108 rose 4.3% over the past year — faster than the nation's +1.2%.

Asking rents in zip 01108 rose 14.9% over the past year — faster than the nation's +2.7%.

Owning the typical home in zip 01108 runs $349/mo more than renting one. The gap peaked at $533 in Jun 2025.

That is $2,289 a month against $1,940 rent: a $1,589 mortgage payment, plus $376 property tax and $324 insurance & upkeep.

Owning vs renting — zip 01108

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,500 $1,750 $2,000 $2,250 2025 2026 Owning all in $2,289 Renting $1,940 Mortgage only $1,589
$1,500 $1,750 $2,000 $2,250 2025 2026
  • Owning all in$2,289
  • Renting$1,940
  • Mortgage only$1,589

Property tax · $376/mo 1.49% of value a year — the ACS 2020-2024 median bill over the median home value for Hampden County, MA

Insurance & upkeep · $324/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Springfield, MA — measured over the city limits, which is a different area from this zip.

Asking rent $1,940 as of Sep 2026
+14.9%year on year
Typical home value $302,676 as of Sep 2026
+4.3%year on year

Asking rent — 01108

Against the Springfield, MA metro and the national benchmark.

$1,700 $1,800 $1,900 2025 2026 01108 $1,940 Springfield $1,963 United States $1,932
$1,700 $1,800 $1,900 2025 2026
  • 01108$1,940
  • Springfield$1,963
  • United States$1,932

Typical home value — 01108

Mid-tier homes, smoothed and seasonally adjusted.

$150,000 $200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 01108 $302,676 Springfield $372,394 United States $366,157
$150,000 $200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • 01108$302,676
  • Springfield$372,394
  • United States$366,157

Within 20 miles

Showing 30 of 60 zips in range — sorting picks from all 60.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
1.6 01105 Springfield 11,843 $1,500 $262,716
1.9 01118 Springfield 14,839 — $322,542
2.3 01103 Springfield 2,477 $1,527 $132,920
2.4 01106 Longmeadow 15,853 — $534,599
2.6 01109 Springfield 31,124 $2,091 $279,488
3.4 01028 East Longmeadow 16,321 — $425,932
3.6 01104 Springfield 23,209 — $289,243
3.7 01001 Agawam 16,234 $1,923 $349,047
3.7 01107 Springfield 12,009 — $314,136
3.7 01128 Springfield 2,896 — $337,604
3.8 01119 Springfield 13,616 — $312,654
4.6 01129 Springfield 5,672 — $320,937
5.6 01151 Indian Orchard 9,606 — $291,461
5.6 01089 West Springfield 28,772 $1,684 $361,851
6.0 01013 Chicopee 23,284 $1,678 $317,977
6.3 01030 Feeding Hills 12,305 — $401,288
6.6 01020 Chicopee 30,167 $1,696 $329,386
6.7 06082 Enfield 41,090 $1,806 $335,686
7.3 01095 Wilbraham 14,618 — $480,854
7.4 01036 Hampden 4,946 — $451,353
7.9 06078 Suffield 10,562 — $490,243
8.0 01022 Chicopee 1,844 — $237,180
8.1 06071 Somers 10,723 — $477,775
9.2 01056 Ludlow 20,904 — $372,618
10.0 01040 Holyoke 37,813 $1,663 $330,811
10.0 06093 West Suffield 3,524 — $515,339
11.4 01077 Southwick 9,217 — $411,766
11.8 06096 Windsor Locks 12,579 $2,308 $337,924
11.9 01085 Westfield 41,102 $1,950 $385,734
12.1 01057 Monson 8,176 — $409,065

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.