How much is a home worth in ZIP code 01089?

The typical home in 01089 is worth $359,297, based on the Zillow Home Value Index.

Are home values rising in 01089?

Home values in 01089 are up 4.1% over the past year, and up 6.0% a year over five years.

What is the typical rent in 01089?

A typical home in 01089 rents for about $1,460 a month, a gross rental yield of 4.9%.

What is the property tax rate in 01089?

The effective property tax rate in 01089 is 1.3% — roughly $4,624 a year on a typical home.

ZIP code 01089 has a population of 28,772 and a median household income of $69,371.

HousingHandbookReference data

…

U.S. ZIP Code · MA01089

Hampden County · Springfield, MA

Typical home value

$359,297^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.1%
5-year / yr: +6.0%
10-year / yr: +5.7%

Relative price

vs U.S.: +26.5%
vs metro: +7.1%
vs state: -41.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 01089 is worth $359,297 — 7.1% above the Springfield, MA median. Over the past year, values have risen 4.1%. Homes here rent for a typical $1,460 a month — a 4.9% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,460^[2]
Gross yield: 4.9%^[2]
Cap rate: 2.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.3%^[3]
Typical annual tax: $4,624^[3]

#Climate risk

FEMA National Risk Index ratings for Hampden County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively High
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Relatively Moderate

#Who lives here

Population: 28,772^[3]
Median household income: $69,371^[3]

#Migration

Household moves in and out of Hampden County over a year, from IRS tax-return data.

Net migration: -1,038^[5]
Moved in: 6,895
Moved out: 7,933

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 6
Middle: 1
High: 2

West Springfield High
High · Grades 9–12 · West Springfield
1,208 students
West Springfield Middle
Middle · Grades 6–8 · West Springfield
926 students
Philip G Coburn
Elementary · Grades PK–5 · West Springfield
573 students
John R Fausey
Elementary · Grades 1–5 · West Springfield
445 students
Hampden Charter School of Science West
High · Grades 6–12 · Hampden Charter School of Science West (District)
394 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.9%

Net yield (after ~40% expenses)2.9%

Annual rent$17,520

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,817

Loan principal$287,437

Down payment$71,859

Total interest paid$366,610

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.71

Monthly cost to own$2,502

Monthly rent$1,460

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 32nd percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 38th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 01089?: The typical home in 01089 is worth $359,297, based on the Zillow Home Value Index.
Are home values rising in 01089?: Home values in 01089 are up 4.1% over the past year, and up 6.0% a year over five years.
What is the typical rent in 01089?: A typical home in 01089 rents for about $1,460 a month, a gross rental yield of 4.9%.
What is the property tax rate in 01089?: The effective property tax rate in 01089 is 1.3% — roughly $4,624 a year on a typical home.
Who lives in 01089?: ZIP code 01089 has a population of 28,772 and a median household income of $69,371.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

01008 vs 01089 →
Blandford CDP, MA
Typical home
$366,008
Gross yield
—
01056 vs 01089 →
MA
Typical home
$368,009
Gross yield
—
01071
Russell CDP, MA
Typical home
$346,725
Gross yield
—
01001
Agawam Town, MA
Typical home
$344,868
Gross yield
—
01081
MA
Typical home
$342,896
Gross yield
—
01521
Holland CDP, MA
Typical home
$376,190
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 01089 against any other ZIP — full side-by-side table.

Compare 01089 →

#Jump to section

U.S. ZIP Code · MA01089

Get more data on ZIPs like this

Get more data on ZIPs like this