Side-by-side comparison of Springfield, MA and Worcester, MA — cap rates, rent, prices, and investment metrics.
Cash flow: Springfield has the edge with an estimated cap rate of 4.24% compared to Worcester's 3.33%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $230,000 in Springfield vs $355,000 in Worcester, while rents come in at $1,280/mo and $1,650/mo respectively.
Growth & appreciation: Worcester is growing faster at 0.6% annually vs Springfield's 0.1%. Worcester leads on home value appreciation at 3% per year.
Costs & risk: Property taxes are 1.22% in Springfield vs 1.18% in Worcester. Vacancy rates of 6.2% and 4.8% are mixed — Worcester has the tighter rental market.
Bottom line: Worcester edges out Springfield on most key metrics. While cap rates are moderate at 3.33%, Worcester's overall profile is stronger. Use our free calculators to model specific deals in Springfield or Worcester.