Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Memorial Square area can be challenging. Home prices in Memorial Square are now at a median cost of $155,908, lower than the Springfield average of $254,441.
The average cost of rent is $720/mo in Memorial Square, primarily driven by the current value of real estate in the Memorial Square area. While nearly 28.56% of residents own their homes outright in Memorial Square, 82.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Memorial Square is $2,202 per month. Households that rent pay about 32.68% of their income on rent here. Memorial Square's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- Brightwood, Springfield, MA: equally priced homes
- Metro Center, Springfield, MA: equally priced homes
- Liberty Heights, Springfield, MA: equally priced homes
- McKnight, Springfield, MA: equally priced homes
- South End Springfield, Springfield, MA: higher priced homes
- Maple High-Six Corners, Springfield, MA: higher priced homes
- Old Hill, Springfield, MA: higher priced homes
- Bay, Springfield, MA: less expensive homes
- Upper Hill, Springfield, MA: higher priced homes
- East Springfield, Springfield, MA: higher priced homes
Neighborhoods with Similar Populations
- West Redlands, Redlands, CA: higher priced homes
- Carson Square, Indianapolis, IN: equally priced homes
- Cass Gilbert, Waterbury, CT: higher priced homes
- Center Bluff, Peoria, IL: less expensive homes
- Chapel Hill Village, Indianapolis, IN: less expensive homes
- College Hill, Easton, PA: higher priced homes
- Vegas Heights, North Las Vegas, NV: higher priced homes
- Vineyard, Escondido, CA: higher priced homes
- Wesconnett, Jacksonville, FL: less expensive homes
- West End, Duluth, MN: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood