Springfield, MA — income, home value, property tax, and sales tax.
In ZIP code 01097, near Springfield, homes carry a median value of $337,500 while the county's effective property tax rate sits at 1.49%. Annual property taxes on such a home would run about $5,029, a steep ask against per-capita income of $23,828 — roughly a fifth of what each resident earns. That gap shapes who can buy here. Sales taxes add 6.25% at checkout, trimming spending power further. High home values paired with modest earnings make ownership a stretch for many households, even before other costs of living enter the picture.