The housing market in Springfield, TN is booming! The median value of homes in the area is $299,300, which is significantly lower than the US median house value of $338,100. Additionally, the US 1 year house appreciation rate was 8.27%, while in Springfield it was a staggering 17.31%. This impressive rate of appreciation demonstrates that Springfield's housing market is an attractive option for potential buyers and investors alike.
The median home cost in Springfield is $299,300. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Springfield is up 25.7%.
Average Age of Homes
- The median age of Springfield real estate is 37 years old
The Rental Market in Springfield
- Renters make up 35.6% of the Springfield population
- 1.5% 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.