Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bay area can be challenging. Home prices in Bay are now at a median cost of $141,396, lower than the Springfield average of $254,441.
The average cost of rent is $1,083/mo in Bay, primarily driven by the current value of real estate in the Bay area. While nearly 42.05% of residents own their homes outright in Bay, 62.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bay is $3,048 per month. Households that rent pay about 35.53% of their income on rent here. Bay's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- McKnight, Springfield, MA: equally priced homes
- Upper Hill, Springfield, MA: higher priced homes
- Old Hill, Springfield, MA: higher priced homes
- Liberty Heights, Springfield, MA: higher priced homes
- Maple High-Six Corners, Springfield, MA: higher priced homes
- Pine Point, Springfield, MA: equally priced homes
- Metro Center, Springfield, MA: equally priced homes
- East Springfield, Springfield, MA: higher priced homes
- South End Springfield, Springfield, MA: higher priced homes
- East Forest Park, Springfield, MA: higher priced homes
Neighborhoods with Similar Populations
- East Bluff, Peoria, IL: less expensive homes
- Turtle Ridge, Irvine, CA: higher priced homes
- Tyner Homes, Bakersfield, CA: higher priced homes
- Alturas de Rio Grande, Rio Grande, PR: less expensive homes
- Alger Heights, Grand Rapids, MI: higher priced homes
- East Petaluma, Petaluma, CA: higher priced homes
- Downtown Thousand Oaks, Thousand Oaks, CA: higher priced homes
- Little Blue Valley, Kansas City, MO: higher priced homes
- Park City, Knoxville, TN: less expensive homes
- Parcelas Nueva Vida, Ponce, PR: less expensive homes
All Local Stats
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