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 $513,232, higher than the Virginia average of $323,261.
The average cost of rent is $2,530/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 27.36% of residents own their homes outright in Springfield, 21.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $10,043 per month. Households that rent pay about 25.19% 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
- West Springfield, VA: equally priced homes
- Franconia, VA: equally priced homes
- Newington, VA: equally priced homes
- Annandale, VA: equally priced homes
- Burke, VA: higher priced homes
- Lincolnia, VA: higher priced homes
- Newington Forest, VA: higher priced homes
- Laurel Hill, VA: equally priced homes
- Woodburn, VA: equally priced homes
- Crosspointe, VA: higher priced homes
Cities with Similar Populations
- Coral Gables, FL: higher priced homes
- Seguin, TX: less expensive homes
- Shakopee, MN: less expensive homes
- Strongsville, OH: less expensive homes
- Riverton, UT: less expensive homes
- Rexburg, ID: less expensive homes
- Lakeside, CA: equally priced homes
- Marlton, NJ: less expensive homes
- Eureka, CA: less expensive homes
- Duncanville, TX: less expensive homes
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