The housing market in Springfield, SD is a great opportunity for potential homeowners. The median value of homes in Springfield is $156,300, which is significantly lower than the national median of $338,100. In addition, the one year appreciation rate of 12.74% in Springfield is higher than the US average of 8.27%, suggesting that investing in housing in this area could be a good choice. With a lower median value and higher appreciation rate, Springfield is an ideal place to invest in real estate.
The median home cost in Springfield is $156,300. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Springfield is up 18.1%.
Average Age of Homes
- The median age of Springfield real estate is 51 years old
The Rental Market in Springfield
- Renters make up 18.7% of the Springfield population
- 1.7% 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.