ZIP Code 01107 — Springfield, MA Home Prices (2026)

The typical home in ZIP 01107 (Springfield, Massachusetts) is worth about $320,000 at roughly $242 per square foot — 4% more expensive than the Springfield median and 9% more expensive than the typical U.S. home.

$320,000

Typical home value

$242

Price per sq ft

#4 of 11

Springfield ZIPs by value

+4%

vs Springfield median

How 01107 compares

ZIP 01107 is one of the pricier ZIP codes in Springfield: its typical home value of $320,000 ranks #4 of the 11 Springfield ZIP codes we track (the citywide range runs from $135,000 in 01103 to $344,000 in 01128). Per square foot it costs about $242, against $228 for Springfield as a whole, $361 for Massachusetts, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 01107	$320,000	$242
Springfield, MA	$308,000	$228
Massachusetts	$631,000	$361
United States	$294,000	$195

Home value by size in 01107

Using this ZIP’s rate of about $242 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$242,000
1,500 sq ft	$363,000
2,000 sq ft	$484,000
2,500 sq ft	$605,000
3,000 sq ft	$726,000

Salary needed to buy a home in ZIP 01107

To buy the typical $320,000 home in ZIP 01107 with 20% down, you need a household income of roughly $87,000 a year (about $2,030 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $103,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$16,000	$2,520/mo	$108,000/yr
10% (+PMI)	$32,000	$2,410/mo	$103,000/yr
20%	$64,000	$2,030/mo	$87,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 01107

At about $242 per square foot, here is roughly how much home different budgets get you in ZIP 01107:

Budget	Approx. size	What that looks like locally
$150k	620 sq ft	below the local median — condos, smaller or older homes
$200k	830 sq ft	below the local median — condos, smaller or older homes
$250k	1030 sq ft	below the local median — condos, smaller or older homes
$300k	1240 sq ft	around the typical home here
$400k	1650 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 01107 home.

Estimate a specific home in 01107

The estimator below is pre-set to ZIP 01107 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Springfield ZIP codes by home value

Where 01107 sits among Springfield’s 11 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	01128	$344,000	$286
2	01129	$328,000	$229
3	01118	$328,000	$227
4	01107 (this page)	$320,000	$242
5	01119	$318,000	$246
6	01108	$308,000	$203
7	01151	$296,000	$228
8	01104	$295,000	$241
9	01109	$284,000	$209
10	01105	$265,000	$137
11	01103	$135,000	$162

ZIP 01107 home prices: frequently asked

What is the average home price in ZIP code 01107? +

The typical home in ZIP 01107 (Springfield, MA) is worth about $320,000 as of 2026. That is 4% more expensive than the Springfield median of $308,000 and 9% more expensive than the U.S. median of $294,000.

What is the price per square foot in 01107? +

About $242 per square foot in 01107, versus $228 across Springfield and $361 across Massachusetts. At that rate a 1,500 sq ft home runs roughly $363,000 and a 2,500 sq ft home about $605,000.

What salary do you need to buy a house in ZIP 01107? +

For the typical $320,000 home in ZIP 01107, a household income of about $87,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $103,000; with 5% down about $108,000.

Is 01107 an expensive ZIP code? +

Within Springfield, 01107 ranks #4 of 11 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Springfield. Nationally it is about average.

See the full Springfield home values page, all Massachusetts cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.