The housing market in 97478 Springfield, OR is competitive and on the rise. The median value of homes in this area is $408,100, which is well above the national median value of $338,100. Homeowners have also seen an impressive 8.24% appreciation rate over the past year, which is very close to the US 1-year house appreciation rate of 8.27%. It's clear that housing demand in this area is strong and that prices are continuing to climb.
The median home cost in Springfield (zip 97478) is $408,100. Home appreciation the last 10 years has been 126.6%. Home Appreciation in Springfield (zip 97478) is up 13.1%.
Average Age of Homes
- The median age of Springfield (zip 97478) real estate is 39 years old
The Rental Market in Springfield (zip 97478)
- Renters make up 30.7% of the Springfield (zip 97478) population
- 0.6% of houses and apartments in Springfield (zip 97478), 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.