Interested in purchasing investment houses in the 01108 zip code in Springfield, MA?
The zip code 01108 is in Hampden county with a latitude of -72.559830000000 and longitude of 42.080550000000, is in the state of Massachusetts. The average asking price of houses and condos is $142,347.00 and the average sale price was $92,801.00. this regions is classified as the Springfield, MA metro area and is in the 413 area code. The location in degrees is 42° 4' 49.98" N, 72° 33' 35.388" W. The county F.I.P.S. is 25013. The total land area is 3.7 square miles and the water area is 0.2 square miles. The elevation in this area is 180 - 190 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 01108 is in county number 013 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 27,349 in 2019 and 26,688 in 2010. This further breaks down to 12,955 males (47.4%) and 14,393 females (52.6%). The median age of residents is 33.4 years. The population of the greater Springfield, MA area is 691,379. The population density (people per square mile) is 7,345. This zip code has a combined total of 11,149 houses and condos. There are 5,878 rented appartments. 60% of residents rent versus the 60% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $34,537 and the average salary is $31,598. The median household income of individuals is $38,273.00 and the average is $37,280.00. This zip code has a mean commute time to work of 22.8 minutes. The unemployment rate is 6.1%. Income earners by percent breakdown as 61.70% (Under $50,000), 27.00% ($50,000-$100,000), and 11.40% earn over $100,000. 24.7% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 121.0. The educational breakdown is 76.0% have a high school education or higher, 20.5% have a bachelor's degree or higher, and 8.1% have some kind of profesional degree.
This area has 9,714 households and the average size is 2.8 people. Individuals who are single and have never been married are 49.5%, 32.9% are now married, 2.5% are separated, 3.6% are widowed, and 11.5% are divorced. The average yearly contribution amount given by people to charity was $2,380 versus the state average of $4,208. The percent of residents who gave to charity was 14.7%.
The estimated median value of houses and condos is $180,790. The median monthly owner costs of mortgage holders was $1,462, where as the costs for those who don't have a mortgage are $669. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 1.7% which equated to an average real estate tax amount payment of $3,086. In comparision, the average real estate tax percent rate in the state is 1.2% which equated to an average real estate tax amount payment in the state of $4,899. The median housing property tax percent for residents with mortgages was 1.7% which amounted to an average tax amount of $3,109. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.7% which amounted to an average tax amount of $3,048. Reported taxable interest for persons was $808, dividends $2,574, capital gains +$3,531, and itemized deductions $17,072. The average earned income tax credit is $2,539. The percent of individuals that use a tax preparer is 51.5%. The total average income taxes paid by individuals was $7,056. Businesses reported an average profit of $11,014.
Moctezuma's Mexican Restaurant
684 Belmont Ave, Springfield, MA 01108
UNO Pizzeria & Grill
820 Hall Of Fame Ave, Springfield, MA 01105 (1.4 miles away)
Nathan Bill's Bar & Restaurant
110 Island Pond Rd, Springfield, MA 01118 (1.7 miles away)
Theodores
201 Worthington St, Springfield, MA 01103 (2 miles away)
Paddy's Irish Pub
1060 Wilbraham Rd, Springfield, MA 01109 (2 miles away)
Villa Pizza
Baystate, Springfield, MA 01115 (2.1 miles away)