Springfield Fair Market Rent FY 2023 Springfield, MA HUD Metro FMR Area Rental Data

Fair Market Rent prices in Springfield are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Springfield is $1,223 per month.

The previous year, rent for a two-bedroom home was $1,094 per month. This is a 11.79% increase year-over-year.

This FMR rate applies to North Amherst, MA, Middlefield, MA, West Chesterfield, MA, North Hatfield, MA, West Hatfield, MA, Goshen, MA, Chesterfield, MA, Amherst, MA, Thorndike, MA, Bondsville, MA and other cities within the region. The Metro Code or CBSA code for this region is METRO44140M44140.

Additionally, This Fair Market Rent (FMR) area Springfield, MA HUD Metro FMR Area spans forty-three counties or cities in Massachusetts which ares listed in the table below. Estimated population of Springfield, MA HUD Metro FMR Area FMR area is 628,008 people based on latest Census data.

Compared to the rest of Massachusetts, the Springfield FMR area is less expensive than 95% of the state.

Median Rent Prices in Springfield

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: