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 $114,838, lower than the Minnesota average of $269,934.
The average cost of rent is $690/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 53.18% of residents own their homes outright in Springfield, 23.25% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $4,883 per month. Households that rent pay about 14.14% of their income on rent here. Springfield's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Cobden, MN: higher priced homes
- Sanborn, MN: less expensive homes
- Comfrey, MN: higher priced homes
- Clements, MN: higher priced homes
- Leavenworth, MN: higher priced homes
- Morgan, MN: less expensive homes
- Sleepy Eye, MN: higher priced homes
- Evan, MN: higher priced homes
- Wanda, MN: higher priced homes
- Darfur, MN: higher priced homes
Cities with Similar Populations
- Little Mountain, SC: higher priced homes
- Wentworth, NC: higher priced homes
- Volant, PA: higher priced homes
- Turbotville, PA: higher priced homes
- Tower City, PA: less expensive homes
- Springport, MI: higher priced homes
- Spraberry, TX: higher priced homes
- Runnells, IA: higher priced homes
- New Cordell, OK: less expensive homes
- Bernie, MO: equally priced homes
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