Interested in purchasing investment houses in the 01107 zip code in Springfield, MA?
The zip code 01107 is in Hampden county with a latitude of -72.605500000000 and longitude of 42.121290000000, is in the state of Massachusetts. The average asking price of houses and condos is $121,094.00 and the average sale price was $85,692.00. this regions is classified as the Springfield, MA metro area and is in the 413 area code. The location in degrees is 42° 7' 16.644" N, 72° 36' 19.8" W. The county F.I.P.S. is 25013. The total land area is 1.5 square miles and the water area is 0.0 square miles. The elevation in this area is 148 - 184 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 01107 is in county number 013 and is L. Sector 00, L. Segment 01, H. Sector 37, and H. Segment 37. The population was 11,688 in 2019 and 11,611 in 2010. This further breaks down to 5,683 males (48.6%) and 6,004 females (51.4%). The median age of residents is 27.2 years. The population of the greater Springfield, MA area is 691,379. The population density (people per square mile) is 7,755. This zip code has a combined total of 4,348 houses and condos. There are 2,909 rented appartments. 74% of residents rent versus the 74% 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 $28,597 and the average salary is $26,686. The median household income of individuals is $22,791.00 and the average is $33,580.00. This zip code has a mean commute time to work of 24.3 minutes. The unemployment rate is 14.4%. Income earners by percent breakdown as 73.50% (Under $50,000), 18.80% ($50,000-$100,000), and 7.70% earn over $100,000. 40.0% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 124.0. The educational breakdown is 59.4% have a high school education or higher, 12.1% have a bachelor's degree or higher, and 5.0% have some kind of profesional degree.
This area has 3,871 households and the average size is 2.9 people. Individuals who are single and have never been married are 54.4%, 27.9% are now married, 4.3% are separated, 4.5% are widowed, and 8.9% are divorced. The average yearly contribution amount given by people to charity was $2,119 versus the state average of $4,208. The percent of residents who gave to charity was 9.5%.
The estimated median value of houses and condos is $177,804. The median monthly owner costs of mortgage holders was $1,295, where as the costs for those who don't have a mortgage are $666. The median number of rooms in houses and condos are 5.8 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 1.6% which equated to an average real estate tax amount payment of $2,842. 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 1.6% which amounted to an average tax amount of $2,811. 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 $2,958. Reported taxable interest for persons was $552, dividends $2,041, capital gains +$400, and itemized deductions $16,659. The average earned income tax credit is $2,631. The percent of individuals that use a tax preparer is 55.3%. The total average income taxes paid by individuals was $6,407. Businesses reported an average profit of $8,477.
No 1 Chinese Restaurant
2946 Main St, Springfield, MA 01107
Villa Pizza
Baystate, Springfield, MA 01115 (1.3 miles away)
Theodores
201 Worthington St, Springfield, MA 01103 (1.4 miles away)
2 Guys Pizzeria
477 Page Blvd, Springfield, MA 01104 (1.7 miles away)
Outback Steakhouse
1537 Riverdale St, West Springfield, MA 01089 (1.8 miles away)
UNO Pizzeria & Grill
820 Hall Of Fame Ave, Springfield, MA 01105 (1.9 miles away)
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