The housing market in Springfield, NY is thriving. The median value for a home in the area is $224,000, which is much lower than the US national median of $338,100. This creates an attractive opportunity for buyers looking to invest in a home at a discounted price. Furthermore, house appreciation in Springfield over the past year has been 11.97%, which is higher than the US average of 8.27%. All signs point to Springfield being an excellent place to invest in real estate and take advantage of a great housing market.
The median home cost in Springfield is $224,000. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Springfield is up 15.8%.
Average Age of Homes
- The median age of Springfield real estate is 67 years old
The Rental Market in Springfield
- Renters make up 19.2% 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.