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 $160,469, lower than the Texas average of $235,268.
The average cost of rent is $707/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 64.38% of residents own their homes outright in Springfield, 11.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $5,591 per month. Households that rent pay about 12.64% of their income on rent here. Springfield's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Bradford, TX: less expensive homes
- Larue, TX: higher priced homes
- New York, TX: equally priced homes
- Baxter, TX: equally priced homes
- Fincastle, TX: higher priced homes
- Cayuga, TX: less expensive homes
- Poynor, TX: equally priced homes
- Crescent Heights, TX: equally priced homes
- Moore Station, TX: less expensive homes
- Frankston, TX: less expensive homes
Cities with Similar Populations
- Laurel, NY: higher priced homes
- Sterling, NY: less expensive homes
- St. Meinrad, IN: equally priced homes
- St. Mary, KY: less expensive homes
- St. Jo, TX: equally priced homes
- Sperryville, VA: higher priced homes
- Slanesville, WV: less expensive homes
- Skagway, AK: higher priced homes
- Shoreham, VT: higher priced homes
- Shokan, NY: higher priced homes
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