The housing market in Springfield township (Fayette County), PA is thriving with a median value of $123,300, which is significantly lower than the US median value of $338,100. Despite the difference in median values, the one-year appreciation rate for Springfield township is only slightly lower than the US average at 7.44%. This indicates that the housing market in Springfield township is robust and can provide quality housing at an affordable price point.
The median home cost in Springfield township (Fayette County) is $123,300. Home appreciation the last 10 years has been 71.5%. Home Appreciation in Springfield township (Fayette County) is up 11.0%.
Average Age of Homes
- The median age of Springfield township (Fayette County) real estate is 41 years old
The Rental Market in Springfield township (Fayette County)
- Renters make up 14.8% of the Springfield township (Fayette County) population
- 9.2% of houses and apartments in Springfield township (Fayette County), 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.