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 $72,690, lower than the Michigan average of $196,062.
The average cost of rent is $660/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 51.17% of residents own their homes outright in Springfield, 50.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $3,409 per month. Households that rent pay about 19.36% of their income on rent here. Springfield's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Battle Creek, MI: higher priced homes
- Level Park-Oak Park, MI: higher priced homes
- Brownlee Park, MI: higher priced homes
- Augusta, MI: higher priced homes
- Old Mill Gardens, MI: higher priced homes
- Maplehurst, MI: higher priced homes
- West Leroy, MI: higher priced homes
- Climax, MI: higher priced homes
- Howlandsburg, MI: higher priced homes
- Urbandale, MI: higher priced homes
Cities with Similar Populations
- Cataula, GA: higher priced homes
- Centerville, IN: higher priced homes
- Centerport, NY: higher priced homes
- Center Point, TX: higher priced homes
- Cedarville, OH: higher priced homes
- Cedaredge, CO: higher priced homes
- Cedar Knolls, NJ: higher priced homes
- Cedar Bluff, VA: higher priced homes
- Cedar Bluff, AL: higher priced homes
- Cecilia, KY: higher priced homes
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