The housing market in Springfield, WV is thriving with a median value of $193,900. This is significantly lower than the US median value of $338,100, which shows that Springfield offers more affordable housing options. In the last year, house appreciation in Springfield has been much higher than the national average at 17.95%, compared to 8.27% nationally. This high rate of appreciation makes Springfield an attractive option for those looking to invest in real estate.
The median home cost in Springfield is $193,900. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Springfield is up 11.6%.
Average Age of Homes
- The median age of Springfield real estate is 47 years old
The Rental Market in Springfield
- Renters make up 32.3% of the Springfield population
- 11.3% 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.