Zip Code
01118
City
Springfield, MA
Population & Migration
What is the forecasted population for Zip code 01118 Springfield, MA?
- Population census 2020
- 14,839
- Forecasted population 2025
- 15,269
- 2.9% vs. 2020
- Forecasted population 2030
- 15,539
- 4.7% vs. 2020
Zip code 01118 Springfield, MA population is forecasted to decrease 2.9% by 2025 (-1.8 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 15,269 people for 2025 zip code 01118 Springfield, MA will generate a good demand for housing, which is expected to have a deficit of 273 houses for 2030. Vacancy rate is 7.8 points below national US average.
- Total homes available 2020
- 5,788
- Estimated total home demand in 2030
- 6,061
- Total homes balance inventory
- 273
Average Household Income in zip code 01118 Springfield, MA
from Internal Revenue Service
- Average household income in 2021
- $88,418
Affordability
- Affordability Index
- 3
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 01118 Springfield, MA?
County total number of drinking water violations
386
+71%
226
County total number of drinking water contaminations
72
+213%
23
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