HomeMassachusettsHampden CountySpringfield city
Springfield city, Massachusetts: commercial real estate data.
Springfield city is a Census city of 154,749 people across 31.87 square miles of land, in Hampden County. Median household income is $52,656, 49.6 percent of occupied homes are owned, and the SBA record carries 113 7(a) approvals to borrowers here worth $32.6 m.
78 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Springfield
What Springfield is
- Census place typecity
- Land area31.87 sq mi
- Water area1.21 sq mi
- Population per square mile of land4,856
- County holding the largest share of its areaHampden County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Springfield
How many people live in Springfield
- Population154,749
- Median age33.7
- Population under 1837,477
- Share under 1824.2 percent
- Population 65 and over20,464
- Share 65 and over13.2 percent
- Households57,772
- Family households35,100
- Share of households that are families60.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Springfield
Income and work in Springfield
- Median household income$52,656
- Per capita income$27,337
- Civilian labor force69,390
- Employed63,376
- Unemployed6,014
- Unemployment rate8.7 percent
- Adults 25 and over98,223
- Adults 25 and over with a high school diploma or higher79.8 percent
- Adults 25 and over with a bachelor degree or higher20.5 percent
- Adults 25 and over with a graduate degree8.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Springfield
Housing in Springfield
- Housing units62,217
- Occupied units57,772
- Vacant units4,445
- Vacancy rate7.1 percent
- Owner occupied28,679
- Renter occupied29,093
- Ownership rate49.6 percent
- Median owner-occupied home value$245,000
- Median gross rent, monthly$1,144
- Annual rent as a share of median income26.1 percent
- Single family units31,160
- Share single family50.1 percent
- Units in buildings of two or more30,224
- Share in buildings of two or more48.6 percent
- Mobile homes806 plus or minus 250
- Median year structure built1952
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Springfield
How Springfield gets to work
- Workers 16 and over who commute57,205
- Commuting under 15 minutes18,893
- Share commuting under 15 minutes33.0 percent
- Commuting 30 minutes or more13,020
- Share commuting 30 minutes or more22.8 percent
- Drove alone72.0 percent
- Carpooled11.0 percent
- Public transport2.6 percent
- Walked3.6 percent plus or minus 0.8
- Worked from home8.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Springfield
SBA loans in Springfield (7(a))
- Approvals113
- Gross approval$32,579,000
- Average approval$288,310
- Median approval$100,000
- Ninetieth percentile approval$560,000
- Largest approval$2,307,900
- Jobs supported1,409
- Jobs per approval12.5
- Loans with a final outcome17
- Paid in full13
- Charged off4
- Charge-off rate over resolved loans23.5 percent
- Median term120 months
- Share on real estate terms of 20 years or more8.8 percent
- Share to franchises8.8 percent
- Distinct lenders28
- Distinct industries by NAICS63
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Springfield
SBA loans in Springfield (504)
- Approvals31
- Gross approval$18,135,000
- Average approval$585,000
- Median approval$323,000
- Largest approval$2,498,000
- Jobs supported215
- Loans with a final outcome14
- Charged off2
- Charge-off rate over resolved loans14.3 percent
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hampden County, not Springfield
Hampden County context, not Springfield figures
These are Hampden County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Springfield measurements.
- Establishments in Hampden County9,339
- Employment at those establishments, Hampden County168,744
- Covered employment, Hampden County202,129
- Average annual pay, Hampden County$62,834
- Average weekly wage, Hampden County$1,208
- Housing units permitted, Hampden County443
- Of those, single family, Hampden County289
- County product, 2024, Hampden County$30,597,888,000
- County product change over the prior year, Hampden County4.7 percent
- Average income of an arriving household, Hampden County$61,357
Every figure in this section is published for Hampden County as a whole and is not a measurement of Springfield. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Springfield questions, answered from the record.
How many people live in Springfield, Massachusetts?
154,749, in 57,772 households. Springfield city covers 31.87 square miles of land, which is 4,856 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Springfield in?
Hampden County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Springfield?
$52,656. The median owner-occupied home is valued at $245,000. Median gross rent is $1,144 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Springfield businesses?
113 7(a) approvals totalling $32.6 m, across 28 lenders, median approval $100,000, plus 31 504 approvals worth $18.1 m. These count approvals to borrowers whose address is in Springfield, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Springfield borrowers get paid back?
Of the 17 loans that have reached a final outcome, 13 were paid in full and 4 charged off, a charge off rate of 23.5 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Springfield figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hampden County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Springfield.
Is zoning published for Springfield?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.