Performance indicators for the Springfield short-term rental market based on reliable data.
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The highest-performing listings in Springfield.
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Generally Investor friendly
Springfield allows STRs with a straightforward permitting process (annual permit, $150–$300 fees, Fire Department safety inspection) and a supportive tone, but imposes occupancy caps, density limits in some residential zones, quiet hours, local‑contact rules, a high ~14.95% combined tax rate, and $1M insurance, making compliance moderate rather than trivial.
Local STR Agent
STR specialist · Springfield, MA
Springfield, Massachusetts sits in the Connecticut River Valley as the largest city in Hampden County and the fourth-largest municipality in the state, with a population of roughly 155,000 residents. Long known as a working-class industrial hub and the place where basketball was invented in 1891, the city has reinvented itself in recent years with a downtown casino, revitalized riverfront, and a growing arts and culinary scene. It serves as a convenient gateway to the broader Pioneer Valley and the Berkshire foothills, and lies approximately 90 miles west of Boston — a drive of about an hour and a half along the Massachusetts Turnpike — and just under 30 miles north of Hartford, Connecticut.
A clear marquee draw is the Naismith Memorial Basketball Hall of Fame, an architecturally striking dome on the riverfront just south of downtown where visitors can explore the history of the sport through interactive exhibits, memorabilia, and a replica court. Another Springfield original worth a mention is the Springfield Armory National Historic Site, the original U.S. arsenal founded by George Washington in 1777, whose museum sits on the edge of the downtown and chronicles both the city's manufacturing past and its role in the development of interchangeable parts. Both are within a few minutes of the city center and easy to combine into a single day of sightseeing.
For outdoor space, Forest Park spans more than 700 acres on the city's southern edge and is one of the largest municipal parks in the country, offering walking and biking paths, a zoo, historic buildings, and ponds that appeal to families and casual visitors throughout the warmer months. Just a short drive southwest in Agawam, Six Flags New England adds roller coasters and a water park to the itinerary, making the city a sensible base for travelers who want both cultural and amusement-park experiences on a single trip. A short distance to the north, the Eastern States Exposition — known locally as the Big E — draws more than a million visitors each September for New England's largest fair, a 17-day celebration of regional agriculture, food, and music.
Springfield's mix of affordability, walkable downtown attractions, family-friendly institutions, and easy access to outdoor recreation makes it a practical and underrated base for short-term rentals. Visitors can pair a Basketball Hall of Fame stop with a Six Flags day, a Dr. Seuss-themed museum visit, and a drive into the surrounding valley towns, all without the lodging costs of Boston or the crowds of the Cape. For owners, that combination of urban amenities and regional day-trip appeal gives the city a year-round draw that translates well into guest demand.