The housing market in Springfield, GA is booming. According to recent data, the median value of a house in Springfield is $232,200 - significantly lower than the US median value of $338,100. This price difference makes Springfield a very attractive place for people looking to buy a home. Moreover, whereas the US 1 year House Appreciation rate is 8.27%, Springfield has seen an impressive 16.21% appreciation rate over the same period. Despite this rapid growth in home values, houses in Springfield are still relatively affordable and represent great value for money compared to other parts of the country.
The median home cost in Springfield is $232,200. Home appreciation the last 10 years has been 88.2%. Home Appreciation in Springfield is up 21.2%.
Average Age of Homes
- The median age of Springfield real estate is 32 years old
The Rental Market in Springfield
- Renters make up 31.1% of the Springfield population
- 0.0% of houses and apartments in Springfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.