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 $181,465, lower than the Tennessee average of $218,916.
The average cost of rent is $1,008/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 33.56% of residents own their homes outright in Springfield, 36.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $4,385 per month. Households that rent pay about 22.99% of their income on rent here. Springfield's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Mount Denson, TN: higher priced homes
- Flewellyn, TN: higher priced homes
- Youngville, TN: equally priced homes
- Greenbrier, TN: higher priced homes
- Barren Plain, TN: higher priced homes
- Cedar Hill, TN: higher priced homes
- Milldale, TN: higher priced homes
- Coopertown, TN: higher priced homes
- Ridgetop, TN: higher priced homes
- Turnersville, TN: higher priced homes
Cities with Similar Populations
- Dyersburg, TN: less expensive homes
- Trussville, AL: higher priced homes
- Trotwood, OH: less expensive homes
- Tipp City, OH: higher priced homes
- Taylorsville, NC: less expensive homes
- Tavares, FL: equally priced homes
- Stoneham, MA: higher priced homes
- Stanwood, WA: higher priced homes
- South Plainfield, NJ: higher priced homes
- Short Pump, VA: higher priced homes
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