
Expensive
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These days, finding an affordable place to live in the Sixteen Acres area can be challenging. Home prices in Sixteen Acres are now at a median cost of $266,332, lower than the Springfield average of $295,081.
The average cost of rent is $1,333/mo in Sixteen Acres, primarily driven by the current value of real estate in the Sixteen Acres area. In Sixteen Acres, 23.82% of households rent, and 29.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sixteen Acres is $7,266 per month. Households that rent pay about 18.35% of their income on rent here. Sixteen Acres’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Boston Road, Springfield, MA: less expensive homes
- Pine Point, Springfield, MA: less expensive homes
- East Forest Park, Springfield, MA: equally priced homes
- Upper Hill, Springfield, MA: less expensive homes
- Bay, Springfield, MA: less expensive homes
- Old Hill, Springfield, MA: less expensive homes
- Forest Park, Springfield, MA: equally priced homes
- McKnight, Springfield, MA: less expensive homes
- Maple High-Six Corners, Springfield, MA: less expensive homes
- East Springfield, Springfield, MA: less expensive homes
Neighborhoods with Similar Populations
- Western Branch North, Chesapeake, VA: higher priced homes
- Springlake-University Terrace, Shreveport, LA: equally priced homes
- The Plaza, Long Beach, CA: higher priced homes
- Southwest Raleigh, Raleigh, NC: higher priced homes
- Ravenswood Manor, Chicago, IL: higher priced homes
- Southeast Boulder, Boulder, CO: higher priced homes
- Upper Roseville, Newark, NJ: higher priced homes
- South Phoenix, Phoenix, AZ: higher priced homes
- Outer Richmond, San Francisco, CA: higher priced homes
- South Baton Rouge, Baton Rouge, LA: higher priced homes
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