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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 $384,100, lower than the New Hampshire average of $417,591.
The average cost of rent is $1,096/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. In Springfield, 9.28% of households rent, and 44.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $8,408 per month. Households that rent pay about 13.04% of their income on rent here. Springfield’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Springfield, NH: equally priced homes
- Robinson Corner, NH: less expensive homes
- Georges Mills, NH: equally priced homes
- Grantham, NH: less expensive homes
- Enfield Center, NH: less expensive homes
- New London, NH: higher priced homes
- Elkins, NH: higher priced homes
- Wendell, NH: equally priced homes
- Grafton Center, NH: less expensive homes
- North Wilmot, NH: less expensive homes
Cities with Similar Populations
- Yauhannah, SC: less expensive homes
- Wilsons, VA: less expensive homes
- Woodlawn, LA: less expensive homes
- Woodville Hills, IN: less expensive homes
- Worms, NE: less expensive homes
- Lewisburg, MS: higher priced homes
- Wyman, MI: less expensive homes
- Yale, VA: less expensive homes
- Yancey, TX: less expensive homes
- Willettsville, OH: less expensive homes
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