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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 $193,987, lower than the Vermont average of $340,025.
The average cost of rent is $906/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. In Springfield, 34.13% of households rent, and 46.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $5,438 per month. Households that rent pay about 16.66% of their income on rent here. Springfield’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Springfield, VT: equally priced homes
- Bartonsville, VT: higher priced homes
- Charlestown, NH: higher priced homes
- Weathersfield Bow, VT: higher priced homes
- Gassetts, VT: higher priced homes
- Chester, VT: higher priced homes
- Trapshire, NH: higher priced homes
- Perkinsville, VT: higher priced homes
- Downers, VT: higher priced homes
- Hemlock Center, NH: higher priced homes
Cities with Similar Populations
- Upton, MA: higher priced homes
- Bruceton Mills, WV: higher priced homes
- Buena Vista, CO: higher priced homes
- Buffalo, MO: less expensive homes
- Calvert City, KY: less expensive homes
- Calverton, MD: higher priced homes
- Carlisle, OH: equally priced homes
- Carlstadt, NJ: higher priced homes
- Carmi, IL: less expensive homes
- Union Gap, WA: higher priced homes
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