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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 $368,152, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,116/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. In Springfield, 23.48% of households rent, and 36.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $8,335 per month. Households that rent pay about 13.39% of their income on rent here. Springfield’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lyons, WI: higher priced homes
- Lake Geneva, WI: equally priced homes
- Como, WI: equally priced homes
- Slades Corner, WI: higher priced homes
- Bowers, WI: higher priced homes
- Pell Lake, WI: less expensive homes
- Honey Creek, WI: equally priced homes
- Burlington, WI: less expensive homes
- Zenda, WI: higher priced homes
- Fontana, WI: higher priced homes
Cities with Similar Populations
- Seman, AL: higher priced homes
- Lenore, WV: less expensive homes
- Long Branch, TX: less expensive homes
- Red Mesa, AZ: less expensive homes
- Riceland, OH: less expensive homes
- Riga, MI: less expensive homes
- Rocky Comfort, MO: less expensive homes
- Rork, LA: less expensive homes
- Russell Gardens, NY: higher priced homes
- Saddle Rock, NY: higher priced homes
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