Zip 56087 (Springfield, MN) Housing

The housing market in 56087 Springfield, MN has a median value of $147,500 and has seen an appreciated of 11.33% in the past year. This appreciation rate is higher than the national average of 8.27%, meaning that housing prices in this area are increasing at a faster rate compared to other places throughout the country. The median value of houses in Springfield is lower than the national median of $338,100, making this an attractive location for potential homeowners on a budget.

The median home cost in Springfield (zip 56087) is $147,500. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Springfield (zip 56087) is up 11.6%.

Average Age of Homes

- The median age of Springfield (zip 56087) real estate is 65 years old

The Rental Market in Springfield (zip 56087)

- Renters make up 17.5% of the Springfield (zip 56087) population
- 0.8% of houses and apartments in Springfield (zip 56087), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Springfield, Minnesota	United States
	1,444.0	139,647,020.0
	71	42
	$147,500	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$10.53	$10.98
	$1,243	$2,690
	70.4%	57.4%
	9.6%	11.2%
	20.0%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	1.2%	0.4%
	0.2%	3.6%
	6.5%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	2.8%	2.4%
	9.3%	2.8%
	12.3%	3.9%
	10.9%	4.5%
	25.8%	11.3%
	13.4%	13.0%
	15.8%	20.1%
	3.7%	13.6%
	2.4%	8.3%
	1.8%	9.7%
	0.1%	3.9%
	0.1%	2.2%
	0.1%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.2%	13.6%
	5.2%	13.6%
	6.2%	13.6%
	7.8%	13.2%
	8.4%	14.8%
	6.2%	13.6%
	10.8%	10.0%
	13.8%	4.7%
	36.6%	12.2%

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