Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Springfield area can be challenging. Home prices in Springfield are now at a median cost of $155,627, lower than the Arkansas average of $160,541.
The average cost of rent is $782/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 51.86% of residents own their homes outright in Springfield, 21.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $5,101 per month. Households that rent pay about 15.33% of their income on rent here. Springfield's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Middleton, AR: less expensive homes
- Catholic Point, AR: less expensive homes
- Solgohachia, AR: less expensive homes
- Overcup, AR: less expensive homes
- Martinville, AR: less expensive homes
- Lick Mountain, AR: less expensive homes
- Center Ridge, AR: less expensive homes
- Republican, AR: equally priced homes
- Menifee, AR: less expensive homes
- Plumerville, AR: less expensive homes
Cities with Similar Populations
- Booker, TX: less expensive homes
- Butternut, WI: equally priced homes
- Burwell, NE: equally priced homes
- Montrose, IA: less expensive homes
- Point Reyes Station, CA: higher priced homes
- Plainview, NE: less expensive homes
- Pine Grove, LA: less expensive homes
- Pender, NE: less expensive homes
- Pavo, GA: less expensive homes
- Ossipee, NH: higher priced homes
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